DOI: 10.14704/nq.2022.20.11.NQ66263

Obedinence Of Cross Currency Pairs Based on Technical Factors with Reference toOver the Counter Market

AEmille Surekha, G. Agila

Abstract

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 analyse 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 its 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.

Keywords

Foreign Exchange Market, Relative Strength Index and Abnormal Return

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