The Forex market is a market made up of several world currencies; which are constantly fluctuating, thus providing an opportunity to make profitable transactions as these currencies appreciate and depreciate. The factors which affect the depreciation and appreciation of a currency are unique to the economy which uses the currency.
United Kingdom: GBP
United States: USD
The general principle is that healthy economies give rise to healthy or appreciating currencies; so we tend to see a currency appreciating as its economy improves.
This article will look at the indexes of the three currencies listed above; the analysis is purely from a technical point of view. We will examine some fundamental factors which are responsible for the currency’s appreciation or lack of it. The article will also evaluate the current position of the indexes; so that the information obtained can be useful in the nearest future.
United States Dollar (USD)
The USD index has been in an appreciative state since since May/June 2014. There were several factors responsible for this rise, and they all gradually led to a six-month USD rally.
The United States Dollar started its appreciation wh…