| Pivot: 1.244 Most Likely Scenario: Short positions below 1.244 with targets @ 1.235 & 1.23 in extension. Alternative scenario: Above 1.244 look for further upside with 1.251 & 1.2575 as targets. |
The foreign exchange market (forex, FX, or currency market) is a form of exchange for the global decentralized trading of international currencies. The foreign exchange market, which is usually known as "forex" or "FX," is the largest financial market in the world. Compared to the measly $22.4 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its $5 TRILLION a day trade volume. Forex rocks our socks!
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