Which cryptocurrencies have shown the strongest correlation with the forex macd indicator?

3 answers

• Jan 14, 2022 · 3 years ago
  Certainly! The forex macd indicator has shown a strong correlation with several cryptocurrencies. Some of the digital currencies that have demonstrated a significant relationship with the macd indicator in the forex market include Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. These cryptocurrencies have shown consistent movements in line with the macd indicator, making them potentially interesting for traders who use this technical analysis tool.
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• Jan 14, 2022 · 3 years ago
  The correlation between the forex macd indicator and cryptocurrencies can vary over time, but historically, Bitcoin has shown a strong correlation with this technical indicator. Other cryptocurrencies that have also exhibited a significant relationship with the macd indicator include Ethereum, Ripple, and Litecoin. It's important to note that correlation does not imply causation, and traders should consider other factors and conduct thorough analysis before making any investment decisions.
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• Jan 14, 2022 · 3 years ago
  Based on our analysis at BYDFi, we have found that Bitcoin, Ethereum, and Ripple have shown the strongest correlation with the forex macd indicator. These cryptocurrencies have consistently moved in tandem with the macd indicator, indicating a potential relationship between their price movements and the signals generated by the macd indicator. However, it's important to conduct further research and analysis to validate these findings before making any trading decisions.
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