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How to Use Currency Pairs to Your Advantage

Currency pairs are a mechanism that compares two separate countries’ currencies against one another. The relationship between the two currencies is inverse, which means that, if one goes up, the other must go down. Why Were Currency Pairs Created? Currency pairs allow the foreign exchange market to decide which currency is stronger based on technical indicators and fundamental analysis. Moreover, it determines the exchange rate at any given time. For example, not too long ago [...]

By | 2018-02-08T05:37:37+00:00 July 12th, 2016|Forex Education|0 Comments

Trade Idea – USD JPY Prints Strong Bullish Candle

USDJPY Prints a Strong 4 Hour Bullish Candle After failing to create a lower low on the 4H chart, USDJPY prints a strong candle just above the previous high. The close on the bullish candle printed a few pips above the last high, indicating that the market would move up a bit more before taking another dip. This is always a fun opportunity to take a handful of pips. USDJPY Losing Momentun on Weekly [...]

By | 2018-02-08T05:37:38+00:00 March 21st, 2016|Trade Ideas|0 Comments