| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3107 | 1.3185 | 1.3322 | 1.3400 | 1.3537 | 1.3615 | 1.3752 |
| GBP/USD | 1.5590 | 1.5667 | 1.5738 | 1.5815 | 1.5886 | 1.5963 | 1.6033 |
| USD/JPY | 85.78 | 86.92 | 88.92 | 90.05 | 92.05 | 93.18 | 95.18 |
| EUR/JPY | 112.94 | 114.98 | 118.67 | 120.71 | 124.40 | 126.44 | 130.13 |
| GBP/JPY | 135.58 | 137.41 | 140.57 | 142.40 | 145.56 | 147.39 | 150.55 |
| Continue reading |
|---|
The simple sense of Forex (Forex currency exchange, Foreign Exchange) is simultaneous purchase and sale of the currency or the exchange of one country’s currency for the one of another country. The world currencies do not have a fixed exchange rate and are always fluctuating, since each are traded in the currency pairs like Euro/Dollar, Dollar/Yen and others. 85% of daily trades are taken by major currencies trading.
Investments usually deal with 4 major pairs: Euro against US dollar, US dollar against Japanese yen, British pound against US dollar, and US dollar against Swiss franc or EUR/USD, USD/JPY, GBP/USD, and USD/CHF used to sign these pairs accordingly. These major pairs are considered as the Forex market’s “blue chips.� You will not receive any dividends on the currencies. Well known “buy low – sell high” gives the profit for currency trades. Continue reading
FOREX — the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.
Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates. Continue reading