What is the Currency Cross? Forex pairs that do not involve the USD are referred to as ‘cross pairs’. These are pairs such as the EUR / JPY and CAD / CHF. Before currency cross pairs were created, trading different currencies was not as easy as it is today. If someone wanted to exchange their …
Weekly Price Action Trade Ideas – 29th of July to 2nd of August
Weekly Price Action Trade Ideas – 29th of July to 2nd of August Markets Discussed in This Week’s Trade Ideas: EURUSD, GBPJPY, EURAUD and US30. Note: We Use Correct ‘New York Close 5 Day Charts’ – You can read about why we use these and how to download the correct free charts …
What is Currency Correlation in the Forex Market?
What is Currency Correlation in the Forex Market?I am sure you would have noticed that some pairs seem to move together and create very similar patterns.For example; if one JPY pair creates a certain move, then a lot of them will, or if one USD pair sells off heavily, many of them will. This is …
