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EURCHF Remains Above Key Support Level – Market Forecast for February 24, 2025
The EURCHF currency pair has recently experienced downward pressure but has managed to maintain positive momentum, closing consistently above the crucial support level of...
EURJPY Faces Decline – Forecast for February 17, 2025
The EURJPY currency pair has struggled to maintain momentum above the 160.25 mark, as it succumbed to the negative pressure from key technical indicators....
USD/CHF Price Seeks Positive Momentum for Further Gains: Forecast for February 11, 2025
The USD/CHF pair is currently holding above the 0.9100 level, but it requires a positive catalyst to maintain its upward momentum. If the price...
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India’s Forex Reserves Rise for Second Consecutive Week to $630.6 Billion
India's foreign exchange reserves grew for the second straight week, reaching a total of $630.6 billion as...
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How Long Should I Hold a Forex Trade?
The forex market, or foreign exchange market, is one of the largest and most liquid financial markets...
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Is a Higher or Lower Spread Better?
In the world of financial markets, particularly in forex (foreign exchange) trading, the concept of spreads plays...
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NZDUSD Testing Key Support Level Amid Negative Pressure
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The NZDUSD currency pair has encountered significant downward pressure recently, reaching the critical support level at 0.5900. The pair has continued to register further...
USDCHF Exceeds Initial Target, Aims for Further Gains
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The USDCHF currency pair has successfully reached and exceeded our initial target at 0.8995. Today, it has continued its upward movement, striving to maintain...
GBPJPY Reaches Initial Bearish Target, Eyes Further Declines
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The GBPJPY currency pair has resumed its corrective bearish movement, successfully reaching the initial negative target at 182.35. This level is currently acting as...
EURJPY Continues Sideways Movement, Awaits Bullish Momentum
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The EURJPY currency pair has once again entered a phase of sideways trading, with consolidation occurring near the 157.80 mark. This lack of significant...
GBPAUD Under Pressure as Stochastic Declines
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The GBPAUD currency pair has recently encountered significant downward pressure, driven by a decline in the stochastic indicator towards the 20 level. This bearish...
How much is 1 lot in forex?
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In the world of forex trading, understanding lot sizes is fundamental to managing risk and optimizing your trading strategy. A "lot" is a standardized...
Who is the owner of octafx: A Complete Overview
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OctaFX is a well-known name in the world of online forex trading, offering its services to traders across the globe. With a reputation for...
Why do day traders lose money?
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Day trading is an alluring endeavor, promising quick riches and the freedom to work from anywhere in the world. While some day traders achieve...
GBPJPY Under Pressure as Support Levels Tested
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The GBPJPY currency pair finds itself under renewed downward pressure as it continues to trace negative patterns, testing the lower bounds of the minor...
EURJPY Maintains Positive Outlook
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Despite facing persistent pressure from major indicators, the EURJPY pair's stability above the main bullish channel's support line at 156.85 suggests the possibility of...
Will interest rates ever be 3 again: An In-Depth Analysis
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The question of whether interest rates will ever return to 3% is a subject of significant interest and speculation among economists, policymakers, and investors....
NZDUSD Shows Signs of Recovery
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The NZDUSD pair initially struggled to maintain levels below 0.5900, but it has since displayed positive momentum and made efforts to secure gains on...