Tag: forex

Forex is one of the biggest asset classes in the world. It represents trades between different currency pairs and thus is an important part of what Investro reports on.
USD/JPY statistical and technical analysis
USDJPY
-0.28%

USD/JPY statistical and technical analysis

The current price of the USD/JPY exchange rate is 108.75 (March 23, 2021). This pair has rebounded dynamically in recent months. However, it is currently in the stabilization phase. What could be the next move? It will also depend on fundamental data in global financial market because the Japanese yen is a kind of “safe heaven” for investors. Let’s now look at statistical and technical analyzes.
XAG/USD statistical and technical analysis
XAG
-0.14%

XAG/USD statistical and technical analysis

The current price of XAG/USD - Silver Spot US Dollar is 26.245 (March 19, 2021). This commodity traded sideways in the last week, after rebounding from an important level a week ago. Therefore, we will look at statistical and technical analyzes.
GBP/USD statistical and technical analysis
GBPUSD
0.71%

GBP/USD statistical and technical analysis

The current price of the GBP/USD exchange rate is 1.3895 (March 16, 2021). This pair has rebounded from an important short-term level today. Therefore, we will look at statistical and technical analyzes.
EUR/USD statistical and technical analysis
EURUSD
0.55%

EUR/USD statistical and technical analysis

The current price of the EUR/USD exchange rate is 1.1901 (March 09, 2021). The decline of this pair has slowed down today, and we will look at statistical and technical analysis.

What is a Moving Average (MA) indicator?

Moving averages (MA) are one of the most versatile and most used indicators in the whole field of technical analysis because, thanks to the construction method of the indicator, moving averages are very easy both to test and adapt.

Chart typology

Price charts are the most important tool for technicians. There are three main types of charts and each has its advantages and disadvantages. Charts are used to analyze the historical price movement and can be combined with other tools such as various technical indicators and oscillators. Nowadays most charting platforms offer this feature alongside different graphical formations that can be drawn on price charts. These are for example trend lines, horizontal and vertical lines and many other formations that can help in analyzing the market.

How do trading styles differ?

Every trader is differently oriented and prefers different style of trading that fits his personality, time availability and traded instruments. See the article below for the main styles of trading that mostly differ based on how long trader intends to hold his open position.

Where to draw support and resistance levels on a chart?

Support and resistance levels are widely used in technical analysis to find prices at which the instrument is considered either overbought or oversold resulting in potential change of trend.

Major currency pairs in Forex trading

Exchange rates on the foreign exchange market are constantly being taken from currency pairs. Not all currencies in the world are traded worldwide, there are several countries whose currencies are traded more. These are countries that are both politically and economically stable. Currency pairs are almost the same amount as Forex in the world, but only a few are called major currency pairs.