Know Which Currency Cross to Use
Let’s say you’re bearish on the
U.S. dollar. How will you trade?
Can’t decide whether to buy EUR/USD
or sell USD/CHF? Look at EUR/CHF.
Can’t decide whether to buy USD/CHF
or USD/JPY? Look at CHF/JPY.
Can’t decide whether to buy EUR/USD
or sell USD/JPY? Look at EUR/JPY.
Can’t decide whether to buy GBP/USD
or sell USD/CHF? Look at GBP/CHF.
Can’t decide whether to buy GBP/USD
or sell USD/JPY? Look at GBP/JPY.
So always remember, looking at
currency cross pairs could give you an idea of the relative strength of a
particular currency.
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