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The technical analysis widely implements the indicators showing the basic quotes "more clearly" and allowing traders to perform analysis and forecast market prices movement. It's quite obvious that there is no sense in using the indicators, let alone applying them in creation of trading systems, unless we can solve the issues concerning initial quotes transformation and the obtained result credibility. In this article we show that there are serious reasons for such a conclusion.
How independent are currency quotes? Are their movements coordinated or does the movement of one currency suggest nothing of the movement of another? The article describes an effort to tackle this issue using nonlinear dynamics and fractal geometry methods.