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AUDCAD Under Negative Pressure – Forecast for December 23, 2024
The AUDCAD currency pair has recently encountered significant resistance near the 0.9100 level, which has contributed to a continuation of negative momentum. This resistance,...
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...
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EURJPY Encounters Strong Resistance – Forecast for December 17, 2024
The EURJPY pair has halted its recent bullish momentum after hitting a significant resistance at 162.40. This...
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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...
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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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What is the foreign exchange market
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The foreign exchange market, also known as the forex market, is a decentralized market where currencies are bought and sold. It is the largest...
What is a broker in forex
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A broker in forex is a financial intermediary that connects individual traders and institutional clients to the foreign exchange market. Forex brokers offer trading...
What is forex investment
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Forex investment is the practice of buying and selling currencies in the foreign exchange market (also known as the forex market or FX market)....
What is currency trading
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Currency trading, also known as foreign exchange (forex) trading, is the act of buying and selling different currencies with the aim of making a...
What is us30 in forex
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US30 is a term used in the world of forex trading to refer to the Dow Jones Industrial Average (DJIA), which is one of...
What does fx stands for
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In the finance industry, FX is shorthand for foreign exchange, which refers to the process of converting one currency into another. This can happen...
What is spread in forex
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The foreign exchange market, also known as the forex market, is the largest and most liquid market in the world. It involves the exchange...
What does Pip in forex stand for
jack wei -
If you are new to the forex market, you may have heard the term "pip" mentioned frequently. Pip is one of the most important...
What time does london session open
jack wei -
The forex market is a global decentralized market that operates 24 hours a day, 5 days a week. The market is divided into four...
What is ecn in forex
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ECN stands for Electronic Communication Network, which is a type of forex trading network that allows traders to directly access the interbank market. It...
What is Forex Scalping
jack wei -
Forex scalping is a popular trading strategy that involves entering and exiting trades quickly in order to make small profits. This strategy is often...
What time does the forex market open
jack wei -
The Forex market is a global decentralized market for the trading of currencies. It is open 24 hours a day, 5 days a week,...