A quick guide to reading and acting on our daily report.
The rate has not reached our target zone. Consider waiting for a better level before converting.
The rate is at or near our target zone. Consider this level to convert your currency or make your transactions.
Our target levels are based on interbank currency prices shown on our live charts.
The rate shown is the interbank rate at the time the report was prepared. Upper Resistance is the level we expect the rate to struggle to break above today. Lower Support is the level we expect to hold on the downside. These are your reference points for the day.
A brief summary of what is driving the market today. We keep this short - we do not find commentary on why currencies may have moved very valuable. What matters is where the rate is, not why it moved.
The Convert Target is the rate range where we recommend converting. The Stop Order is the level below which we would not wait any longer - if the rate falls to this level, consider acting to avoid further deterioration. These are guidance levels, not guaranteed outcomes.
Rather than watching the rate all day trying to figure out when to convert, subscribe to our Alerts. When the rate reaches our Convert Target, you receive an SMS and email notification. You decide to act and how much - we just make sure you know when the rate is there.
Key economic releases that may move the rate that day. These are not signals to act - they are flags to be aware of. Major data releases can cause the rate to move quickly in either direction.
Each business morning you receive our Best Rate Daily Conversion Strategy. Note the Convert Target and Stop Order for the day.
You can monitor our target levels on our live charts. These are interbank rates used as reference levels. Your actual transaction rate will vary - use these targets as your conversion trigger, not your exact execution price. Want to make it even easier? Add Rate Alerts to your subscription and get notified the moment our target is hit.
When the rate reaches your Convert Target, log into your CastleFX platform and convert. If you have Rate Alerts enabled, you will be notified by SMS and email when your target is hit.
If you are unsure how to apply the strategy to your specific situation, reach out directly. Every Castle Currency client has access to real currency expertise - not a call center.