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CHF
The pre-planned short positions from key resistance range levels
have been implemented with the achievement of main anticipated target.
OsMA trend indicator marks relative rise of bearish activity and the
lack of sustained bull’s resistance gives grounds to choose bearish
planning priorities for today. On the assumption of it we can assume
probability of rate’s resumption to close 1,1300/20 resistance levels,.. |
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Currency cross rates are currency pairs that does not include USD, such
as EUR/JPY. Pairs that involve the EUR rate are called euro crosses,
such as EUR/CHF and EUR/JPY. All other currency pairs that don't
involve USD or EUR are generally referred to as cross rates. Examples
of cross rates are GBP/CHF and CAD/JPY.
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A lot of traders tend to fail in accomplishing currency trading
success. The reason for this is mostly pointed out on the deficiency in
discipline on the part of the traders. But that is not the most
important reason why traders lose. The main reason is actually the
shortness of focus that these dealers have when what they should be
doing is to seriously concentrate most of their efforts on one thing
alone. |
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In order for you to start to make money with currency trading, you
first have to understand the terms used. FOREX or Foreign Exchange is
used in reference to the international currency exchange market. Value
of currency is traded against the other for a profit. |
Although the foreign exchange market is often billed as a banker's game, currencies
can sometimes be great diversification for a portfolio that might have
hit a bit of a rut. It's a market that can also offer tremendous
opportunity when other global forums enter the doldrums. |
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Optimism found its way back in Japan today after the central bank
announced not only their rate decision holding it steady at 0.1% but
also they expressed improving their view regarding the future
developments of the second largest economy in the world after being
mysterious for some time. |
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Forex, FX and the Forex market are some common abbreviations for the
Foreign Exchange market. Actually it is the largest financial market in
the world, where money is sold and bought freely. |
EUR/USD - Euro Dollar
1,3990.
EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD
is in a consolidation after the last bullish movement. The volatility is
high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily
(Mataf Trend Indicator) is in a bullish configuration. The uptrend should
continue to gather momentum.
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FOREX SEARCH
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