Forex Quiz Part 2

What does the DXY stand for?

• The dollar strength

• The dollar weakness

• The dollar index

• The dollar Meter

What does WCU stand for

• World Currency Unit

• World Currency Understanding

• World Cubic Unit

Which ones measure the strength of the Swiss Franc?

• GBPWCU

• DXY

• JPYWCU

• CHFWCU

If I am considering a trade on CADCHF, which two indexes will I be considering?

• CHFWCU and JPYWCU

• CADWCU and DXY

• CHFWCU and DXY

• CADWCU and CHFWCU

What does it mean to be negatively correlating?

• Currency going in the same direction

• Currency going in the opposite direction

• Currency pairs going down

• Currency pairs going up

If I want to sell EURJPY what would I be looking for?

• EURWCU going up and JPYWCU going down

• EURWCU going up and JPYWCU going up

• EURWCU going down and JPYWCU going up

• EURWCU going down and JPYWCU going down

If I want to buy NZDUSD, what would you be looking for?

• DXY going up and NZDWCU going up

• NZDWCU going up and DZY going down

• DXY going down and NZDWCU going down

• NZDWCU going down and DXY going up

If GBPWCU is going down and EURWCU going up, what should be your approach

• Sell EURGBP

• Buy EURGBP

If DXY is gown down and CADWCU is going down, whats the likely thing you should happen?

• USDCAD consolidating

• USDCAD trending up

• USDCAD trending down

If DXY is gown down and CADWCU is going down, whats the next likely thing to consider?

• Trendline break

• Break of structure

• Market structure

• Reversal Patterns