Negative Correlation Between Gold & USDJPY
There is a -94% correlation on the weekly timeframe (also known as negative correlation) between Gold & the Japanese Yen.
GOLD📉
=
USDJPY📈
When one market moves up, there is a high probability the other market will move down. Knowing this allows you to mitigate your risks, by not opening similar positions in both markets.
GOLD📉
=
USDJPY📈
When one market moves up, there is a high probability the other market will move down. Knowing this allows you to mitigate your risks, by not opening similar positions in both markets.