{"id":3984,"date":"2024-10-24T07:27:23","date_gmt":"2024-10-24T07:27:23","guid":{"rendered":"https:\/\/apex-aiexperts.com\/?p=3984"},"modified":"2024-10-24T07:27:23","modified_gmt":"2024-10-24T07:27:23","slug":"currency-crosses-are-trend-y","status":"publish","type":"post","link":"https:\/\/apex-aiexperts.com\/es\/currency-crosses-are-trend-y\/","title":{"rendered":"Los cruces de divisas est\u00e1n de moda"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Since a majority of the forex market will deal with the U.S. dollar, you can imagine that many of the news reports will cause U.S. dollar-based currency pairs to spike.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The U.S. has the largest economy in the world, and as a result, speculators react strongly to U.S. news reports, even if it doesn\u2019t cause a huge fundamental shift in the long run.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What this means for your charts is that you will see several \u201cspikes\u201d even if there is a trend emerging. This can make it harder to spot trends or range conditions.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade15-eurusd-crosses3.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade15-eurusd-crosses.png\" alt=\"Major Currency Pairs Not As Smooth As Currency Crosses\" title=\"Major Currency Pairs Not As Smooth As Currency Crosses\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The day-to-day economic activities of the U.S. can keep U.S. dollar-based currencies such as EUR\/USD (above) from making smooth trends.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade15-eurjpy-crosses.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade15-eurjpy-crosses.png\" alt=\"Currency Cross Pair EUR\/JPY\" title=\"Currency Cross Pair EUR\/JPY\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Conversely, we can see that during the same date range, cross currency EUR\/JPY made a much, much smoother ride to the top.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This was probably due to fewer spikes that came from U.S. data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So as you can see, both charts showed the euro rose during the same time period, but the one without the U.S. dollar (EUR\/JPY) made for much easier trade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s a trade example where one hundred pips was bagged riding EUR\/JPY\u2019s trend. Check out how he caught that move!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are a trend-following kinda dude, then currency crosses may be easier to trade than the major pairs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It will be easier for you to spot the trend and be more confident in your entry points because you know that&nbsp;these technical levels hold more than they do for the majors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the next section, we\u2019ll discuss how playing with currency crosses can also allow you to take advantage of the interest rate differentials. Now that\u2019s like a cherry on top of a sundae!<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2010\/11\/13202158\/cherry-on-top.gif\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2010\/11\/13202158\/cherry-on-top.gif\" alt=\"\" class=\"wp-image-116678\"\/><\/a><\/figure>","protected":false},"excerpt":{"rendered":"<p>Since a majority of the forex market will deal with the U.S. dollar, you can imagine that many of the news reports will cause U.S. dollar-based currency pairs to spike. The U.S. has the largest economy in the world, and as a result, speculators react strongly to U.S. news reports, even if it doesn\u2019t cause [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,66],"tags":[],"class_list":["post-3984","post","type-post","status-publish","format-standard","hentry","category-currency-crosses","category-high-school"],"_links":{"self":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/comments?post=3984"}],"version-history":[{"count":1,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3984\/revisions"}],"predecessor-version":[{"id":3985,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/3984\/revisions\/3985"}],"wp:attachment":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/media?parent=3984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/categories?post=3984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/tags?post=3984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}