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Question about forex pairs and candlesticks
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[QUOTE="Jason Rogers, post: 106484, member: 12232"] To add to what Enivid has already told you, it might help to look at an example with real numbers. At the time of this post, the CAD/JPY rate is about 79.48 That means 1 Canadian Dollar is worth 79.48 Japanese Yen. Suppose that rate fell to 79.00 That would mean 1 Canadian Dollar would be worth only 79.00 Japanese Yen. From this example, you can see that a falling CAD/JPY rate means the Canadian Dollar is falling in value relative to the Japanese Yen. By contrast, a rising CAD/JPY rate would mean the Canadian Dollar is rising in value relative to the Japanese Yen. [/QUOTE]
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