Which instrument to choose to analyze Forex currency pairs?

What trading instruments and functionality can be used to analyze currency pairs in the Forex market?

Many popular trading methods use the analysis of trading volume and open interest. Information about real volumes is not broadcast on the Forex currency market. Therefore, many traders who trade on the FOREX market use the analysis of stock information that comes from the Chicago Mercantile Exchange (CME).


Please see below the correspondence list between CME currency futures and major forex currency pairs.


6E = EUR/USD Euro
6B = GBP/USD British pound
6J = USD/JPY Japanese Yen
6A = AUD/USD Australian Dollar
6С = USD/CAD Canadian Dollar

6N = NSD/USD New Zealand dollar

6S = USD/CHF Swiss franc


It is important to note, if you are analyzing indirect quotes (USD / CAD, USD / JPY), you need to consider that they are inversely proportional to the corresponding futures (6C, 6J, 6S). To put it simply, if the price of an indirect currency increases, then the price for the corresponding futures goes down and vice versa.



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