- Go to this site: http://www.investing.com/forex-tools...ion-calculator
- First choose the pair which is EURGBP
- Then, choose the time frame (I choose hourly time frame for example).
- Finally, you choose the number of periods (I take a 25 period).
- You will find the correlation is absolute maximum with GBPUSD & GBPCHF (at the end of the table)
- That's mean when u see cable is up, you will mostly likely see EURGBP(chunnnel) is going down and the converse is true.
- Cheers.
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1366359618