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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 Pips in forex
jack wei -
When trading in the foreign exchange (forex) market, one of the terms that you may come across is "pips." Pips are a fundamental concept...
What is forex day trading
jack wei -
Forex day trading is a popular method of trading in the foreign exchange market where traders aim to profit from small price movements within...
What time does forex market open on sunday
jack wei -
The foreign exchange market, also known as the forex market, is a decentralized market where currencies are traded around the clock. The forex market...
What is an fx account
jack wei -
An FX (Foreign Exchange) account is a financial account that allows individuals and businesses to hold foreign currencies and trade them against each other....
What are safe havens and risky currencies
jack wei -
Havens include,, and.Here are some reasons why they are considered safe haven currencies: One.The U.S. dollar is the largest player in the world bond...
What are the characteristics of foreign exchange margin
jack wei -
1. Huge trading volume, with daily trading volume of more than 6 trillion dollars, more than 30 times that of the global stock market;2,...
What are the main foreign exchange indicators
jack wei -
Main indicators: 1. RSI Index RSI index is the relative strength index (RSI), which reflects the power contrast between the long and short sides...
What is spread forex
jack wei -
Forex trading, also known as foreign exchange trading, is the practice of buying and selling currencies to profit from the fluctuations in their exchange...
What is CFD?
jack wei -
CFD, or Contract for Difference, is a popular derivative trading instrument used in the foreign exchange (forex) market. CFD trading allows traders to speculate...
What times do forex markets open
jack wei -
The Forex market, also known as the foreign exchange market, is a decentralized global marketplace where currencies are traded. With a daily trading volume...
What is forex trading
jack wei -
Forex trading, also known as foreign exchange trading or simply FX trading, is the practice of buying and selling currencies from different countries. The...
What are the pricing methods for foreign exchange rates
jack wei -
1. Direct pricing method, also known as price pricing method, is a method of expressing a certain unit of foreign currency in the country.Generally,...