Currency forecasts are based on the major currency pairs. It should be taken into consideration that they are like connected vessels. The most popular currency pair is EUR / USD. It is the most discussed, most predicted of the greatest interest. Dollar and Euro are the most popular currencies in circulation in the most global markets. Both currencies are in combination with many other currency pairs.
The movement of these currency pairs to some extent reflects the basic currency pair EUR / USD. For example, currency pair Japanese yen JPY U.S.dollar USD are of great importance.
At the exchange rate USD / JPY if the price increases, ie the dollar is getting more expensive the value of currency pair EUR / USD because the dollar rises on other markets and consequently its price is getting up more or less on all markets. When analyzing currencies we have to be reckoned with their presentation with most currency pairs involved.
Currency forecasts made for a particular currency or currency pair should always be bound to comply with other related currency pairs. Thus, the forecasts are more precise and they can be relied on to a greater extent. In the Internet space a lot of be interesting currency forecasts can be found . Currency forecasts are made for the major currency pairs, where one player cannot impact the market. These are the EUR / USD, GBP / USD, USD / JPY. A lot of other forecasts of other currency pairs are made but they are not of great public interest.
Currency forecasts made in ForexTrading-ea.com are for the currency pair EUR / USD.