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CADJPY Exits Bullish Track – Forecast for July 24, 2024

The CADJPY currency pair has encountered significant negative pressure, fluctuating below the MA55 and with stochastic indicators showing oversold conditions. This has led to...

EURJPY Breaks Support – Forecast for July 24, 2024

The EURJPY currency pair has continued its negative trajectory, breaking below the bullish channel’s support line at 169.90. This move confirms the shift to...

GBPJPY Experiences Significant Decline – Forecast for July 24, 2024

The GBPJPY currency pair experienced a decline yesterday, settling below the 201.65 level and indicating a shift towards a bearish trend. This morning, the...

EURJPY Faces Decline – Forecast for Today, July 23, 2024

The EURJPY currency pair has encountered significant resistance at the 171.60 level, preventing further bullish movement. The pair has since dropped below the 170.65...

GBPJPY Hits Target – Forecast for Today, July 23, 2024

The GBPJPY currency pair has maintained its bearish stance below the 204.40 resistance level, benefiting from additional negative momentum provided by stochastic indicators. The...

What is the Benefit of Spread in Forex?

In forex trading, the term "spread" refers to the difference between the bid price and the ask price of a currency pair. This seemingly...

Which is the Best Spread in Forex?

The spread in Forex trading is the difference between the bid and ask price of a currency pair. It represents the cost of trading...

No Change to the GBPJPY Pair’s Negativity – Forecast for July 22, 2024

Despite the GBPJPY pair forming some bullish waves and settling near 203.50, the previously suggested negative trend remains intact. This is due to the...

How Do You Maximize Profit in Forex Trading?

Forex trading, also known as foreign exchange trading, offers substantial opportunities for profit in global currency markets. However, achieving consistent profitability requires strategic planning,...

USD/JPY Price is Recovering – Forecast for July 19, 2024

The USD/JPY price halted its decline near the 155.00 barrier, rebounding bullishly to breach the 156.80 level and settle above it. This movement suggests...

EURJPY Delays Bullish Momentum – Forecast for July 18, 2024

The EURJPY pair indicated a delay in its bullish momentum as it slipped below the additional support level at 171.60, resulting in some losses...

GBPJPY Faces Significant Losses – Forecast for July 18, 2024

The GBPJPY pair encountered substantial downward pressure yesterday, initiating bearish movements after breaking below the critical support level at 240.45, resulting in considerable losses...

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