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First problem. Did the US
Dollar appreciate or depreciate last week? Most likely we wouldn't be
able to answer that question, because it could've appreciated against
Australian Dollar and Japanese Yen, but it could've depreciated against
Canadian Dollar and English Pound.
Second problem. If we already know the past by having data for last
week, and we still can't say which forex currency was the strongest and
which forex currency was the weakest, then how in the world can we even
try to predict the future that has no data yet?
Solution. Our free forex trading calculator can't predict the future but
at least it can help us know the past. What this free software does is
it compares growth of 1 major forex currency against growth of each of
other 7 major currencies. Then the software gets 7 separate values, and
averages it out.
If our forex software determines that the
forex currency in question on average gained value over other 7 major
forex currencies, the number turns green, and gives out average global
appreciation value. If on the other hand our free software determines
that the forex currency in question on average lost value over other 7
major forex currencies, the number turns red, gets negative sign in
front of it, and gives out average global deprecation value.
That way without having to do any complicated calculations ourselves, we
can instantly know whether the forex currency in question truly
appreciated or depreciated last week. We can know that simply because
our free forex trading software compared it to every other major forex
currency, and calculated its average gain or loss on global level.
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