Opposite Trading Pairs

This question must have been asked before, someone point the way

What trading pairs trade opposite each other??

For example if EURUSD is trending down, what currency pair is likely to be trending up?

Best Regards
Oddi

 

If EURUSD is trending down, then USDEUR would be trending up.

 

I KNEW someone would say that.....

I mean a DIFFERENT pair, and I will save the expletive.

Regards
Oddi

 

EUR/USD

USD/CHF

-Kastro

 

Thanks Kastro,

I there a list of these kinds of pairs anywhere?

Best Regards

Oddi

 

Just do a simple correlation study on the different pairs. That should tell you the relationships in price movement between different pairs.

 

http://www.dailyfx.com/story/charti...ations_january_how_do_currencies_move_in.html

 

Here are 6 sets of daily (5, 20, 100) and hourly (ditto) correlations, updated continuously, incl. many crosses and some exotics:

http://www.mataf.net/en/analysis-correlation.htm

 

EUR/USD and USD/CHF is my favorite and I usually make sure that confirmations exist in both currency pairs (in oppostie directions) before entering a trade in one of the currency pairs.

 

Thanks to all that replied.

This information will due nicely.

Best Regards
Oddi