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| Spread Betting Explained Sponsored Links |
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| Live Forex & Financial TV (Complete Channel List) |
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Keep track of the key Support & Resistance zones with this very informative TV Channel. Support & Resistance are the building blocks of trading. |
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| Selected Forex Match-Ups |
| Discover a wealth of unique & simple Forex trading techniques. |
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Selected Forex Match-Ups Explained Guide |
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| What is the Selected Forex Match-Ups? |
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The Selected Forex Match-Ups focus primarily on the performance of the individual currency rather than two currencies, as a typical Forex pair, competing for buy and sell tickets. This allows us to identify which currency is the strongest (position 1) and match it against the weakest (position 5). For example, if the Euro Dollar is in 1st place, having jumped from 2nd on the table and Japanese Yen has slid from 3rd to 4th and onto 5th, it would present a strong case to buy EUR/JPY? This example could be explored further... let's now focus on the EUR/JPY currency crossover charts, included in the Forex Match-Ups section, which are designed to highlight the crossing of two currencies moving in the opposite direction. If Euro is rising and Japanese Yen is falling and both currencies are crossing over, this subsequently adds greater value to the buying of EUR/JPY.
Another sub-section of the Forex Match-Ups and indeed with any of the charts available on Spread Betting Explained, we offer Familiar Chart Shapes. Familiar Chart Shapes are as their name would suggest... common shapes which accurately and consistently appear on our live charts. This section displays images of these Familiar Chart Shapes and which type of state they find themselves in.
The true beauty of this type of analysis is that charts do produce the same shapes over and over again. All that is required to carry out this form of analysis is to monitor the chart shapes in-line with the examples provided, once we see them, wait on their completion and trade them accordingly. |
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For illustrative purposes, below is a snapshot of Position 1 in the Forex Match-Up Table. There are, of course, 4 Currencies which fall beneath Position 1 in order of strength to weakness during the current trading week.
The Total Pips column is the cumulative number of pips the US Dollar has gained or lost against the 4 remaining currencies, namely, Euro Dollar, Great British Pound, Japanese Yen and Swiss Franc. The Highest Pips and Lowest Pips represent the self-explanatory extremes. Directly below this is the trend bar which is made up of Position: Total Pips, which respresents 10 snapshots of 15 minutes worth of data which should be read from right to left with left being the most recent snapshot.
The final row indicates the US Dollars strength of weakness against the remaining 4. The Euro Dollar is green 83 which means the US Dollar is up 83 pips against the Euro. Essentially, and at that particular moment, EUR/USD is up 83 pips on the week.
You can also view the performance of the individual currency on chart form simply by clicking on the hyperlinked currency (US Dollar). Remember, you can refer to the Familiar Chart Shapes section to determine potential reversal zones. |
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| What are the isolated currency pairs which feature in the Forex Match-Ups? |
The Currency Pairs included in the Forex Match-Ups are as follows:-
EUR/USD | GBP/USD | EUR/GBP | USD/CHF | USD/JPY | EUR/CHF | GBP/CHF | CHF/JPY | GBP/JPY | EUR/JPY |
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