List & explain the factors, circumstances that affect/influence the value of currencies in forex trading.?
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World news effects the FX market along with the central banks buying and selling currencies.EUR/USD - 1.2715
Despite euro's cross-inspired rebound from 1.2662, as this move is viewed as retracement of the decline from 1.2831, reckon upside would be limited to 1.2745/50 and yield retreat, below said support would extend aforesaid decline to 1.2631 but break of latter support is needed to confirm early erratic fall from 1.2940 has resumed, 1.2600 next.
Above 1.2763/65 would risk stronger recovery to 1.2790/00, however, said resistance should remain intact and yield further choppy consolidation
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how many money that is circulated and how much people using it
The factors are fundamental (like news, policies, political) as well as technical (technical indicators)..
You can learn more about them at -
http://the-forex-trading.blogspot.com...
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