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Asian Journal of Research in Social Sciences and Humanities
Year : 2016, Volume : 6, Issue : 6
First page : ( 1717) Last page : ( 1735)
Online ISSN : 2249-7315.
Article DOI : 10.5958/2249-7315.2016.00320.8

Impact of Time Frames and Technical Indicators on Strength of Currency Pairs

Dr. Krishnaveni P.*

*Assistant Professor, Department of MBA, SNS College of Technology, Coimbatore, India

Online published on 1 June, 2016.

Abstract

It is an attempt is made to find out how far the time frames and technical indicators are important in determining the strength of nine selected currency pairs, viz., EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, EURGBP, EURJPY, NZDUSD, and USDCAD. From the analysis of strength of currency market by time frame, it is concluded that trading currencies in shorter time frame is popular but with less consistency whereas trading currencies in longer time duration (here 1 hour) is somewhat stable. It is further concluded that trading currency pairs using Momentum indicator followed by Parabolic SAR, RSI and Williams %R are stronger than the trading currency pairs using other technical indicators. When the strength of currency pair is analyzed by type of indicators (leading and lagging), it is ascertained that popularity of using leading and lagging indicators is almost same in the currency market.

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Keywords

Time Frames, Technical Indicators, Currency Pairs, Leading and Lagging Indicators, Dealt Lots.

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