MATAF website useful for forex trading tools

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Here is the website forex traders should never miss.

Mataf

www.mataf.net

i.e. Trading tools Forex Correlation
The following tables represents the correlation between the various parities of the foreign exchange market.
The correlation coefficient highlights the similarity of the movements between two parities.

• If the correlation is high (above 80) and positive then the currencies move in the same way.
• If the correlation is high (above 80) and negative then the currencies move in the opposite way.
• If the correlation is low (below 60) then the currencies don't move in the same way.

 

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Another tools: price distribution gives out the idea of support and resistance.
The charts below show many types of price distribution. Every graph is updated in real time.
The bar chart shows the number of closes for every price interval. This representation helps identify bottleneck areas, support and resistance.
The gold price will return to around 1805 soon.

 

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Thanks for your sharing such a great told.
The gold price is pull back to around 1800 to 1815 supporting zone.