Forex trading (FX) market of international currencies conversion of one currency to another. Forex is short for foreign exchange the global market for exchanging foreign currencies. we are dealing with buying and selling foreign currencies to make a profit.

Forex Trading Market Structure Working

Forex trading is a complex market with many different strategies and procedure systems. A market cycle has five main chapters Momentum, Blow-off, Transition, Discovery, and Deflation. Concept of the forex market Fundamental major/minor currencies structure into two levels interbank market and over-the-counter (OTC) market. Banks are a main role play in large trading deals in the market. Structure of market current flow, support, and resistance levels, swing high and swing lows, behavior or conditions, and market trend ups and down.

Forex Trading Market Structure Working Charting and Technical Analysis

Major Currencies Pair in Forex Market

The most common major currency pairs in the forex market are the following.

EUR/USD – Eurozone / United States “eurodollar” | USD/JPY  United States / Japan “Dollar Yen” GBP/USD United Kingdom / United States “Pound Dollar” | USD/CHF United States/ Switzerland “Dollar Swiss Franc” | USD/CAD United States / Canada “dollar loonie”| AUD/USD Australia / United States Australia “Aussie dollar” | NZD/USD New Zealand / United States “kiwi dollar”

USD/CAD. US dollar against the Canadian dollar

AUD/USD. US dollar against the Australian dollar

NZD/USD. New Zealand against the US dollar

USD/JPY. US dollar against the Japanese Yen.

USD/GBP. US dollar against the United Kingdom.

USD/CHF. US dollar against the Switzerland currency

Major Currencies Pair in Forex Market

Minor Currency Pairs in Forex Market

Minor currency pairs are the second most traded Pairs in the forex market these pairs are not included in US dollars Following are some minor Currency pairs.


There are many different technical analysis tools that can be used to analyze the forex market.

Candlestick charts:

Candlestick Chart: Similar to the bar chart, the candlestick chart also shows the high, low, open, and close prices, but it uses candlestick-shaped symbols. Each candlestick represents a specific time period (e.g., a day) and provides more visual information about the price action, including whether the price closed higher (bullish) or lower (bearish) than it opened.

Line Chart:

This is a simple chart that connects the closing prices of a currency pair over a specific time period. It provides a basic overview of price trends.

Bar Chart:

This chart displays the high, low, open, and close prices for a given period using vertical bars. The top of the bar represents the highest price, the bottom represents the lowest price, and the horizontal lines on the left and right represent the opening

Technical Analysis:

Technical analysis involves studying historical price data and using various tools to forecast future price movements. It is based on the idea that historical price patterns tend to repeat over time. Some key concepts and tools used in technical analysis include.

Support and Resistance:

These are levels on a chart where the price tends to stop or reverse. Support is a level where buying interest is strong, preventing the price from falling further. Resistance is a level where selling interest is strong, preventing the price from rising further.


These are mathematical calculations based on price, volume, or open interest that provide insights into potential price movements. Common indicators include moving averages, Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Bollinger Bands.

Technical analysis can be a powerful tool for forex traders, but it is important to remember that it is not a foolproof method. Technical analysis can only help to identify potential trading opportunities, and it is up to the trader to make the final decision about whether or not to enter a trade.

What are Major Currencies paired in Forex Market?

Currency Pair is a pairing of currencies where the value of relative to other For Example EUR/USD – Eurozone / United States “eurodollar is a major pair in the forex market.

How many currency pairs exist?

There are hundreds of currency pairs in the forex market but United Nation Currently allows 180 currencies.

What are the minor currency pairs?

Minor Currency pairs also known as cross-currency pairs are not associated with the U.S. dollar For Example