📚 Price Action: How to trade wicks, wicks in binary options, understandi...

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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

Currency Pairs Correlation in Forex Market: Cross Currency Pairs. Additionally, you avoid taking opposite positions with the currency pairs that move against each other, at the same time. 2- If you know the currency pairs correlations, it may help you to predict the direction and movement of a currency pair.

Positive Correlation -Three of the most traded pairs in the Forex market -GBP/USD, AUD/USD, and EUR/USD are positively correlated with each other, as the counter currency is the US dollar. A correlation of +1 implies that the two currency pairs will move in the same direction 100% of the time. A correlation of -1 implies the two currency pairs will move in the opposite direction 100% of the time. A correlation of zero implies that the relationship between the currency pairs is completely random.

A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. Here, EUR is the base currency and USD is the quote currency(counter currency). The most volatile currency pairs are GBP/JPY, EUR/NZD and GBP/AUD. The least volatile currency pairs are EUR/GBP, NZD/USD and EUR/CHF. GBP/JPY and EUR/NZD are what we like to consider the Google shares of the currency market because they can move 60 pips in a blink of an eye, while some days, EUR/CHF may not even move more than 60 pips.