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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 reserve
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An asset held by a country or economy and readily convertible to another country, usually calculated in terms of.They are also known as reserves,...
What is the number of RMB now
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This is the fifth set.On October 1, 1999, on the occasion of the 50th anniversary of the founding of the People's Republic of China,...
What is the RBA
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The RBA is Australia's central bank, known as the Reserve Bank of Australia, which is wholly owned by the Australian government.The Reserve Bank of...
What is the symbol of RMB
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For selections.The writing order is as follows: write the capital letter "Y" first, and then add two horizontal lines on the vertical, that is...
What is the unit of account for foreign exchange
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The point or basis point (PIP) is the important unit of account for a quote, with 1 point being 1% of the minimum unit...
What kinds of foreign exchange rates are there
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1. According to the tightness of the management system, it can be divided into official and market exchange rate ¢Ù official exchange rate (legal...
What problems should we pay attention to in foreign exchange trading? How to avoid it?
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Old strategies often fail to work.If you want to stay profitable, you need to be prepared to update and adjust yours.Market conditions are changing...
Who are the participants in the foreign exchange market
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Companies involved in the exchange of goods and services across borders often need foreign currency to ensure that imports and exports flow smoothly.In addition,...
The meaning of the Fed’s balance sheet
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The balance sheet is made up of assets and liabilities.The nature of the Fed's assets and the Fed's balance sheet is so simple that...
The exchange rate of the Korean won against the Chinese Yuan
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Which banks can exchange won: Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, these four banks...
The most common forex trading strategy
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Trading (Scalping): This strategy is suitable for traders who prefer short or rapid price movements.Scalping strategies focus on accumulating small but frequent profits while...
How to deal with the unexpected situation of foreign exchange stop loss setting?
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How to deal with the unexpected situation of stop loss setting?In conducting foreign exchange operations at will to stop setting, foreign currency normally stop...