Hogarste said:glad to see your thread. do you want people to post charts and ask for comments or just follow along.
SLT said:Aussie divergence for selling pressure
Hogarste said:This AU chart is showing divergence with NU I'm guessing. My chart looks a little different but Im sure its something im doing incorrectly
SLT said:What do you see in another perspective
SLT said:The chart blue line is gbpusd eurusd audusd & usdjpy = USDOLLAR (inverted) not usdx
michaeltrade said:can you explain this a bit more?
SLT said:FXCM broker USDOLLAR
Have you found the divergence between 3 USD based pairs any better than SMT divergence with the USDX?SLT said:What do you see in another perspective
From what I understand the USDX is heavily weighted against Euro and US dollar is more equally weight with all currencies. (someone correct me if I am wrong)michaeltrade said:can you explain this a bit more?
walshman said:From what I understand the USDX is heavily weighted against Euro and US dollar is more equally weight with all currencies. (someone correct me if I am wrong)
Thank you SQA. :hail:sqa said:FXCM USDOLLAR: http://en.wikipedia.org/wiki/Dow_Jones_FXCM_Dollar_Index
25% - Euro
25% - Pound
25% - Yen
25% - Aussie
USDX: http://en.wikipedia.org/wiki/U.S._Dollar_Index
Euro (EUR), 57.6%
Japanese yen (JPY) 13.6%
Pound sterling (GBP), 11.9%
Canadian dollar (CAD), 9.1%
Swedish krona (SEK), 4.2%
Swiss franc (CHF) 3.6%
USDX is actually a future's contract itself, though rather lightly traded. The 57.6% Euro weighting is due to the combination of all of the Euro countries from when the Index was first created.
walshman said:Thank you SQA. :hail: