Correlation EURUSD VS. USDCHF

Here is my two yestarday´s levels from my Members area. ( Both ended up in profit )

Let me explain my how correlation between EURUSD and USDCHF works and how you can look at the charts.

EURUSD and USDCHF are negatively correlated (correlation almost -100%). If USDCHF falls, then EURUSD should rise. If EURUSD rises, USDCHF should fall.

This means that in similar areas there will be similar levels for trade.

HOW THIS CAN HELP ME IN TRADING?

If you consider some price level for trade make sure that is visible on other pair too... If will be significant area for long on EURUSD, make sure that there is a significant area for short trade on USDCHF too!

If there is, then you will be more likely to have a successful trade.

Happy trading

Dale