A Study On Technical Analysis With Reference To International Forex

The foreign exchange market (Forex, FX, or currency market) is a global decentralized market for the trading of currencies. The foreign exchange market assists international trade and investments by enabling currency conversion. Our study is to test the technical tools to analyze about the technical impact and its return in the market. For this purpose 13 cross currency pairs were taken as sample size and Jensen’s Alpha, Beta, Relative Strength Index, and Buy and Hold Abnormal Return were used as technical tool for analysis and the conclusion is that it’s not preferred to invest in JPY pairs as the volatility and the return are not up to the mark and its preferred to invest in EURCAD as the return was high when compared to other scripts and the market was moving accordingly to its cross currency pair.

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USING THE RELATIVE STRENGTH INDEX FOR ACTIVE INVESTMENTS IN THE FOREIGN EXCHANGE MARKET

Modern Management Review ◽

10.7862/rz.2018.mmr.39 ◽

2018 ◽

Author(s):

Ceslovas BARTKUS

Keyword(s):

Foreign Exchange ◽

Foreign Exchange Market ◽

Relative Strength ◽

Exchange Market ◽

Strength Index

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TRANSAKSI VALUTA ASING (AL-SHARF) DALAM PERSPEKTIF ISLAM

IQTISHODUNA ◽

10.18860/iq.v3i2.257 ◽

2011 ◽

Vol 3 (2) ◽

Author(s):

Muhammad Sulhan

Keyword(s):

International Trade ◽

Foreign Exchange ◽

Foreign Exchange Market ◽

Foreign Currency ◽

Islamic Law ◽

Exchange Market ◽

Demand And Supply ◽

Written Text ◽

The Moment ◽

Currency Conversion

The written text attempts to explain transactional problem (trade) foreign exchange of Islamic law trade. It is caused by the international trade phenomena that won’t be free from state currency one another as a payment tool in which accelerate the traffic of international trade activity. The necessity of currency conversion in the international trade will bring up out of foreign exchange demand and supply in the foreign exchange market; it will cause foreign exchange trade transaction at last. Based on the variety of Islamic laws analysis, it is known that the foreign currency trade practice (al-sharf) is allowed if done based on each other agreement and cash, not to have a speculation (undertake something hoping for the best), there is transactional needed or aware of (saving), and if the transaction done toward the same type of currency so, it must have the same value and if it’s different, it must be done using prevailed rate of exchange (kurs) in the moment of transaction. The following types of foreign exchange transaction in the foreign exchange market, it is only spot transactional type allowed, meanwhile forward, swap, and option are forbidden because they aren’t cash and contain of maisir (speculation). Besides, the participants should pay more attention toward constrains of foreign exchange trade transaction and they should be able to avoid divergences that are forbidden in Islamic of syariah trade like extortionate, forcing and many others. In this case, these cause the transaction of foreign exchange trade is prohibited.

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