Forex Today: EUR/USD sells the fact, Gold looking strong ...
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All About Forex Price Action Trading
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The fact of the matter is that many experienced forex traders consider the pair to be in a downward trend when the exchange rate is below the simple moving average line. However, if the market rate manages to break above the SMA line, then many market participants take this to be a sign of the reversal. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. The fact of the matter is that 70% of all daily forex day trading is done by banks. The table below shows the market share of the top 10 players in the global forex market with only about 20% of the market left for other participants. Type in the correlation criteria to find the least and/or most correlated forex currencies in real time. Correlation ranges from -100% to +100%, where -100% represents currencies moving in opposite directions (negative correlation) and +100% represents currencies moving in the same direction. Forex Factory is where professional traders connect to the forex markets, and to each other.
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