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GBP/USD Forecast Update – December 20, 2024
The GBP/USD currency pair has found solid support at the previously breached resistance of the bearish channel, which suggests the potential for a continuation...
GBPCAD Resumes Bullish Correction – Forecast for Today (18-12-2024)
The GBPCAD has resumed its bullish correction, recently surpassing the 1.8110 barrier. This move formed a double bottom pattern, reinforcing the continuation of the...
EUR/JPY Forecast – December 16, 2024
The EUR/JPY pair has successfully surpassed the 161.10 resistance level last Friday, achieving additional gains by reaching 161.98 and approaching the resistance line of...
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GBP/USD Forecast – December 16, 2024
The GBP/USD pair has shown weak price action today, stabilizing around the $1.2635 level. The bearish trend...
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Bearish Bets on Asian Currencies Rise Amid US Tariff Concerns
Bearish sentiment surrounding Asian currencies has intensified, with short positions on the South Korean won and the...
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EUR/USD Price Forecast Update – December 13, 2024
The EUR/USD pair remains below the $1.0475 level, showing weak price action since the morning. This confirms...
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Foreign Currency Exchange Rates Today (22-6-2022)
Currencies ISO GBP EUR USD AUD NZD CAD Argentine Peso exchange rate ARS 0.007 0.008 0.008 0.012 0.013 0.011 Australian Dollar exchange rate AUD 0.564 0.655 0.694 1 1.101 0.898 Bahraini Dinar exchange rate BHD 2.155 2.503 2.65 3.821 4.209 3.431 Barbadian Dollar exchange rate BBD 0.406 0.472 0.5 0.72 0.793 0.647 Brazilian Real exchange rate BRL 0.158 0.184 0.194 0.28 0.309 0.252 British Pound exchange rate GBP 1 1.161 1.23 1.773 1.953 1.592 Canadian Dollar exchange rate CAD 0.628 0.729 0.773 1.114 1.227 1 Central African CFA...
WHAT IS AN ENTRY ORDER IN FOREX TRADING?
A forex entry order is an order that is placed at a specified price level for a currency pair. Once this price is reached,...
What is Slippage? Slippage in Forex Explained
Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize...
WHAT IS LEVERAGE IN FOREX TRADING?
Leverage in forex is a useful financial tool that allows traders to increase their market exposure beyond the initial investment (deposit). This means a...
WHAT IS A SPREAD IN FOREX TRADING?
Every market has a spread and so does forex. A spread is simply defined as the price difference between where a trader may purchase...
How to Short Forex: Short Selling Currency Explained
Short selling currency involves taking positions under the pretence of a bearish sentiment. Historically short selling has been used in the commodity markets under...
What does leverage mean in forex trading
Leveraged trading is also called virtual trading and deposit trading.It is investor uses own capital to serve as guarantee, enlarge the financing that offers...
What is the foreign exchange rate quotation
There are several different methods of foreign exchange rate quotation due to different standards.The commonly used marking methods include direct marking method, indirect marking...
What is exchange rate risk？
The exchange rate risk is that the foreign debt borrowed must eventually be converted into foreign currency in the local currency or repaid with...
What is a currency pair?
A currency pair is a foreign exchange transaction rate consisting of two currencies, represented by two ISO codes plus a delimiter, such as GBP/USD,...
What is the meaning of leveraged foreign exchange trading
Foreign exchange leveraged trading, also known as margin trading.As the name implies, it is to use a small amount of capital to invest several...
What is a foreign exchange position
In foreign exchange trades, position points to investor actually namely the proportion of investment capital with real.For example, if you have 10,000 actual investment...