What are currency pairs?
The possibility of trading currency pairs on the Forex market was created for the needs of large financial institutions and is intended to facilitate currency exchange. Trade is the exchange of one currency, more or less popular, for another, which is in a pair made available to us by the broker. The more popular a currency pair is selected by us for trading, the lower fees (Spread) will be charged by the Broker for opening and closing an order (position). An additional advantage of choosing the best currency pair is its high liquidity on the Forex market, which is reflected in larger price movements. And this is what interests us.
Major Forex currency pairs:
EUR/USD - euro / US dollar
GBP/USD - pound sterling / US dollar
USD/CAD - US dollar / Canadian dollar
USD/JPY - US dollar / Japanese yen
USD/CHF - US dollar / Swiss franc
AUD/USD - Australian dollar / US dollar
NZD/USD - New Zealand dollar / US dollar
Here you will find the latest technical analysis from active traders for selected forex currency pairs. You can copy them, use them as a trading signal, or just compare them to your own analysis.