Trading Support and Resistance

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Trading Support and Resistance
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Get our ForexTrading strategies with our monthly & weekly forecast of Forex currency pairs worth watching using support & resistance for the week of January 24, 2022.

: Buying currencies with high interest rates and selling currencies with low interest rates.

Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:January 2022 In my previous forecast last week, I made no weekly forecast, as there were no unusually strong counter-trend movements. Fading strong weekly counter-trend price movements is the basis of myI again make no weekly forecast, as there were no strong counter-trend price movements last week in the Forex market., as I expected, with 30% of all the important currency pairs or crosses moving by more than 1% in value.

olatility is likely to increase this week as the US FOMC will be reporting which is usually the major event in the Forex market each month. Last week was dominated by relative strength in the Japanese yen, and relative weakness in the New Zealand dollar.

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