Forex a bit predictable

The best way to make money from Forex trading is to be able to forecastl whether a currency pair will go down or up.

There are numerous currency pairs that have the same directions and some that follow opposite directions when viewed on Live Charts.

First we will look at the different currency pairs and their attributes, and habits.

Curremcy Pairs in the Same Direction

EUR/USD and GBP/USD
EUR/USD and NZD/USD
USD/CHF and USD/JPY
AUD/USD and GBP/USD
AUD/USD and EUR/USD

Currency Pairs in Opposite Direction

EUR/USD and USD/CHF
GBP/USD and USD/JPY
GBP/USD and USD/CHF
AUD/USD and USD/CAD
AUD/USD and USD/JPY

Now what would have an effect on the direction of the charts that causes them to go Up or Down.

Different time zones have an effect on how busy the market will be, and also when some markets are closed or are open.

Here are times zones for the markets.

Forex market trade 24/6 .
Forex open Sunday 10:00 pm GMT (5 pm EST), closes on Friday 10:00 pm GMT (5 pm EST).

Forex trading hours
New York open 8:00 am to 5:00 pm EST
Tokyo open 7:00 pm to 4:00 am EST
Sydney open 5:00 pm to 2:00 am EST
London open 3:00 am to 12:00 noon EST

The Forex market most active currency pairs are relative to trading times

London & New York

EUR/USD
USD/CHF
GBP/USD

Tokyo & Sydney

EUR/JPY
AUD/USD
USD/JPY
AUD/JPY

Australia Sydney

AUD/USD
EUR/USD

But still these markets and trading times can be affected by one more Phenomenon, which is rarely mentioned and also can be used to give a lead and a better prediction to which way the currency pairs are going to move.

The Gold is the leading factor on how currencies move. If you look at the Graphs you will notice the graphs or charts are overlaid with the mentioned pairs also the Gold is overlaid with EUR/USD, also Gold with USD/CHF and Gold by itself, from these you can see that the EUR/USD follows the same trend as Gold and the USD/CHF is the opposite to the Gold.

This is a very good way to analyze the trend, and once you start getting the edge of these you will notice that Gold and EUR/USD work very close. If the Gold drops down and settles and remains steady, you will see not long after this the EUR/USD will drop to where the Gold is, and the USD/CHF will go up to where the EUR/USD was highest for the session. This is 95% consistantly happening daily. I have been monitoring this for two years, including this so called bad economy.

From this you can actually do your own mini predictions just by watching the Gold and then watching how the currency pairs change in comparison to the Gold.

The charts that are used here are NETDANIA CHARTS used live, and can be customised to work in Firefox and saved to open in the same tag when closed so that you don't need to setup every time you open the Charts.

These charts can also be used with other Trading platforms, that could help or assist in analysing the Forex market.

If you would like to try out this trend I just mentioned, by using a free service give it a go at PADDY POWER FINANCIAL SPREAD BETTING , you will also get a free demo account and a free course on how to use the SIMULATOR. Very easy to use, can be going in thirty minutes.