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November 23, 2022

Relative currency strength Nov 23, 2022

Relative currency strength Nov 23, 2022


Today, the lead is NZD, and the weakest is CAD.

As usual, there are 2 ways to trade this signal:

1. Choose the strongest currency to buy, or choose the weakest currency to sell, with a view that if strong will be stronger, and if weak will be weaker: You can search for a suitable place to BUY NZD/USD , or BUY USD/CAD (meaning sell CAD/USD).

2. Pair the 2 strongest and the weakest currencies, with the view that their gap will narrow: You can sell NZD while buying CAD, so find the right place to SELL NZD/CAD.

See more articles on currency strength correlation: https://www.caphile.com/2022/11/currencies-correlation-in-forex-market.html

Best regards,

CaPhiLe.Com

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