WHY FOREX CURRENCY PAIR IS MOVING UP OR DOWN ???
The price movements of forex pairs are cause and effect relationships. instead of just analyzing the movement of the pair, you have to find out individually what each currency is doing. Take the example of the GBPUSD which I like. When the GBPUSD is going up. 1-Either the GBP goes up and the USD does not move. 2-Either the GBP rises and the USD also rises but more slowly. 3-Either the GBP does not move and the dollar goes down. 4-Either the GBP goes down slowly and the USD goes down more quickly. The same goes for all currency pairs!
Edited 09 Jul 2021, 20:27
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