Forex perpetual price motion--IV
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Featured are the charts for the GBP/JPY and GBP/CHF. GBP/JPY*CHF/GBP=CHF/JPY.
Most platforms will have the GBP/CHF and not the CHF/GBP. Anytime that is the case, you divide rather than multiply.
That brings us to the charts. According to the formula, this means the sum of all the charts is going to have to equal an upward motion. The GBP/JPY is choppy and to the south, and the GBP/CHF is straight south. Don't forget, it is the CHF/GBP inversed, so it has to be south. During this period, the GBP/CHF dropped 5700 pips and the USD/JPY dropped 1100 pips, which offsets the GBP/JPY and makes the total increase for the CHF/JPY
Next will be the combination with the AUD.
Uploaded with ImageShack.us
Uploaded with ImageShack.us
Featured are the charts for the GBP/JPY and GBP/CHF. GBP/JPY*CHF/GBP=CHF/JPY.
Most platforms will have the GBP/CHF and not the CHF/GBP. Anytime that is the case, you divide rather than multiply.
That brings us to the charts. According to the formula, this means the sum of all the charts is going to have to equal an upward motion. The GBP/JPY is choppy and to the south, and the GBP/CHF is straight south. Don't forget, it is the CHF/GBP inversed, so it has to be south. During this period, the GBP/CHF dropped 5700 pips and the USD/JPY dropped 1100 pips, which offsets the GBP/JPY and makes the total increase for the CHF/JPY
Next will be the combination with the AUD.