Forex Quotes Update - A Powerful Research Tool
In this section, you will see the latest exchange rates for major currencies. You can also find which currency pairs have the biggest move in pips, and compare each pair to see how they fluctuate in different time frames.
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| PAIR | Last | FLUCTUATION (+/- Pips) | |||
|---|---|---|---|---|---|
| 4 Hour | Day | Week | Month | ||
| AUDCAD | 0.8943 | 17 | 29 | 29 | 138 |
| AUDCHF | 0.5982 | 12 | 19 | 19 | 113 |
| AUDJPY | 103.63 | 93 | 111 | 111 | 598 |
| AUDNZD | 1.1010 | -3 | 11 | 11 | 112 |
| AUDUSD | 0.6551 | 14 | 31 | 31 | 51 |
| CADCHF | 0.6688 | 1 | -1 | -1 | 30 |
| CADJPY | 115.87 | 84 | 87 | 87 | 496 |
| CHFJPY | 173.22 | 122 | 129 | 129 | 665 |
| EURAUD | 1.6349 | -28 | -46 | -46 | -247 |
| EURCAD | 1.4622 | 1 | 6 | 6 | 7 |
| EURCHF | 0.9780 | 2 | 3 | 3 | 47 |
| EURGBP | 0.8558 | -2 | -3 | -3 | 8 |
| EURJPY | 169.40 | 123 | 135 | 135 | 733 |
| EURNZD | 1.8001 | -35 | -37 | -37 | -79 |
| EURUSD | 1.0710 | 5 | 22 | 22 | -78 |
| GBPAUD | 1.9106 | -30 | -47 | -47 | -302 |
| GBPCAD | 1.7087 | 4 | 13 | 13 | -5 |
| GBPCHF | 1.1428 | 5 | 7 | 7 | 48 |
| GBPJPY | 197.98 | 148 | 166 | 166 | 844 |
| GBPNZD | 2.1035 | -37 | -36 | -36 | -108 |
| GBPUSD | 1.2516 | 8 | 30 | 30 | -100 |
| NZDCAD | 0.8123 | 16 | 19 | 19 | 39 |
| NZDCHF | 0.5433 | 12 | 13 | 13 | 51 |
| NZDJPY | 94.12 | 87 | 96 | 96 | 448 |
| NZDUSD | 0.5950 | 14 | 24 | 24 | -17 |
| USDCAD | 1.3653 | -6 | -23 | -23 | 104 |
| USDCHF | 0.9131 | -2 | -16 | -16 | 111 |
| USDJPY | 158.19 | 108 | 93 | 93 | 792 |
What currency pairs are the best for swing trading strategy?
Here are a few currency pairs that swing traders commonly favor:
- EUR/USD: provides good liquidity and price movement. It is known for relatively low spreads and ample swing trading opportunities.
- GBP/USD: another popular choice for swing trading. It exhibits solid trends and volatility, appealing to traders looking for opportunities in price swings.
- USD/JPY: known for its liquidity and is influenced by the US and Japanese economies. It can offer significant price movements and is favored by swing traders who want exposure to the Japanese market.
- USD/CAD: influenced by factors such as oil prices and economic conditions in the United States and Canada. It can offer good volatility and is suitable for swing traders interested in commodity-related currencies.
- AUD/USD: often influenced by commodity prices, particularly gold and iron ore, as well as Australia's economic performance. It can provide opportunities for swing traders seeking exposure to the Australian economy.
Continue Reading at What Is Swing Trading?
How to interpret fundamental aspects when analyzing currency pairs?
For example, USD seems to be going strong because of some economic data are better than ever. However, you later found out that instead of going downward, GBP/USD holds out and then moves upward! Well, it might be that the GBP is fundamentally stronger than the USD.
A strong currency does not mean that the currency will emerge as the overall champion in the forex market. Remember that currencies are traded in pairs within a globalized forex market, which mean: influential fundamentals come from both sides and more.
You should not only observe fundamental dynamics of one or two currencies but also global market dynamics. Prices are determined by supply and demand in that market, so you should think about market sentiments too.
Continue Reading at Three Reasons Why Your Fundamental Analysis Does Not Work
Why is EUR/USD chosen as the most popular pair in forex trading?
The EUR/USD pair is well-known for its high volatility. To this day, the EUR/USD remains the most volatile pair in forex history. This fact has attracted the attention of many traders in the market.
As the single currency of several countries, the Euro is greatly influenced by the political and economic developments of these countries. In just one day, there are many different data releases from its 16 member countries. On the other hand, news throughout the day related to the US economy and its major trading partners will also affect the value of the Dollar. Thus, it is clear that there are many opportunities to take advantage of the EUR/USD, even with small price movements.
Continue Reading at 5 EUR/USD Facts Every Beginner Should Know
When is the right time to trade EUR/USD pair?
The overlap session of London and New York is a favorite time for short-term traders. This is because major pairs involving the Euro, US Dollar, Pound, and others are experiencing significant range increases during this session.
If you are using a news trading strategy, the best time to trade the EUR/USD is during the overlap session. But if you want to apply breakout trading, then you can take advantage of the rapid movements at the beginning of the London session.
Continue Reading at 5 EUR/USD Facts Every Beginner Should Know
