Not exact matches
For instance, if you have taken a position
in a specific
currency pair expecting it to move higher, an unfavorable event can crash the
prices of the
currency pair, giving you no time to cover your losses.
In other words, the price is likely to continue moving in the direction of the primary trend once the currency pair breaks above or below -LSB-..
In other words, the
price is likely to continue moving
in the direction of the primary trend once the currency pair breaks above or below -LSB-..
in the direction
of the primary trend once the
currency pair breaks above or below -LSB-...]
A
currency futures contract is a legally binding contract that obligates the two parties involved to trade a particular amount
of a
currency pair at a predetermined
price (the stated exchange rate) at some point
in the future.
In the spot FX, the
price is also determined at the point
of trade, but the physical exchange
of the
currency pair takes place right at the point
of trade or within a short period
of time thereafter.
But as you can see
in the overlay
of EUR
pairs above, the euro's
price action was actually rather messy, with lots
of diverging
price action, which means that the euro was vulnerable to opposing
currency price action.
The quoteboard view allows you to monitor the bid / ask
prices of up to 12
currency pairs as well as monitor floating P&L
in terms
of currency value and pips, all
in real - time.
Also, because
currencies are traded
in pairs, the exact impact
of an event on the
price of the
pair is difficult to judge because there are two
currencies involved.
In a similar way, there are many
currency pairs that are actively traded all across the globe and it is the movement
of the
price of these
currency pairs that constitute the trigger for
currency trading.
If the blue line
of the ForexOFFTrend custom indicator intersect the red line
in a top downward fashion as depicted on Fig. 1.1,
price is said to be pushed lower i.e. a trigger to go short on the
currency pair of focus.
In Figure 2, a chart of the currency pair USD / JPY, you can see in the areas circled that prices initially stayed within the pivot point and the first resistance level with the pivot acting as suppor
In Figure 2, a chart
of the
currency pair USD / JPY, you can see
in the areas circled that prices initially stayed within the pivot point and the first resistance level with the pivot acting as suppor
in the areas circled that
prices initially stayed within the pivot point and the first resistance level with the pivot acting as support.
Look at
price catastrophes that have occurred historically
in your
currency pair of choice.
In summary: This application will show you
price movements
of not only
currency pairs but also stocks, indexes, and commodities.