Dollar index intermarket correlation

26
Anyone use the DXY for intermarket correlation? if so, is it useful? I'm fairly new to using intermarket correlation and I have been recommended to use EURCAD to form my analysis and biases in terms of correlations. However, lately I have been seeing a lot of traders use the DXY specifically to help with trading major pairs mainly EURUSD. If there is anyone that uses DXY, how do you use it exactly, and does it help you with biases in overall market directional movement?

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.