GBP-index vs USD-index - shorting GU
This here is a presentation of my own made indexes fr GBP and USD (I have calculated it for JPY, CAD & AUD).
AS it turned out, my own USD index evaluation from my own (more dynamic perspective look) with floating currency weights (not fixed) gave
a INCREADIBLE resamblance to FXCM's USDOLLAR (withh all the details, much more details then on FXCM's made).
As i try to develope indicators that help me to have a decent look at current market condition, I try to plot my indicators/values on some way that
shows at once, what and where sth is going on; Where did the prica action started and how did it spread to other securities.
This here is a look of what i have decided to check out, if nice, shiny colorful plots help to get me some ideas where to follow with my studies.
* On the Green-Fuchsia - we have GBP index smoothed with alma and furthermore escaped with sma lengths in range from 10 to 30 probes count.
* On the Green-Yellow - we have USD index eval from my personal way of understanding this indicator (seems i have done it good - i have almost strict resamblance to FXCM's USDOLLAR).
Here on 4h Chart we can see that GBP index is amaizingly aligned with direction to USD and from what i have discovered on price action propagation, the main market drivers, in that days was JPY with strong performance of AUD.
I have not really a complete outlook on GU but as i think, small up move as correction and further significant drop is expected with again, correction before market friday and (from closing shorts).
AS it turned out, my own USD index evaluation from my own (more dynamic perspective look) with floating currency weights (not fixed) gave
a INCREADIBLE resamblance to FXCM's USDOLLAR (withh all the details, much more details then on FXCM's made).
As i try to develope indicators that help me to have a decent look at current market condition, I try to plot my indicators/values on some way that
shows at once, what and where sth is going on; Where did the prica action started and how did it spread to other securities.
This here is a look of what i have decided to check out, if nice, shiny colorful plots help to get me some ideas where to follow with my studies.
* On the Green-Fuchsia - we have GBP index smoothed with alma and furthermore escaped with sma lengths in range from 10 to 30 probes count.
* On the Green-Yellow - we have USD index eval from my personal way of understanding this indicator (seems i have done it good - i have almost strict resamblance to FXCM's USDOLLAR).
Here on 4h Chart we can see that GBP index is amaizingly aligned with direction to USD and from what i have discovered on price action propagation, the main market drivers, in that days was JPY with strong performance of AUD.
I have not really a complete outlook on GU but as i think, small up move as correction and further significant drop is expected with again, correction before market friday and (from closing shorts).