It means that the exchange rate fluctuates slightly for a period of time, and there is no obvious upward or downward trend, which is cowhide finishing. At this stage, the market volatility is small and the direction is not easy to grasp, which is the most confusing time for investors.

The factors of concern are that shrinkage operation inhibits the rebound space, policy expectation is the key to the strength of the market, and external factors are the biggest constraint on the rebound.

Four basic types of foreign exchange consolidation:

1, consolidating in the rising.

Refers to the rapid rise of the exchange rate after a period of time, and then rises again after a short break. The corresponding rise in the early stage is often a rapid rise after weakness. Judging from the trading volume, the price increase has increased. In the consolidation stage, the volume of transactions has not shrunk. Although profit-taking has been thrown out, the buying spirit is strong enough to repel the empty side.

2. Integration in recession

Refers to the exchange rate after a period of decline, slightly stabilized, slightly rebounded and then turned around again. Its corresponding early decline was hit by bad news, and consolidation was just an empty strategy for rest. The share price rebounded slightly, but it could not withstand the air attack, and the price decline increased.

3. High-end integration

After a period of appreciation, the exchange rate stagnated, the stock price fluctuated, many parties exhausted their energy, the exchange rate was high, and there was limited room for growth.

4. Low-level consolidation

Refers to the exchange rate hovering at the bottom after a period of decline, coupled with the emergence of Lido, the popularity gradually gathered, and the market funds did not withdraw. As long as it stops falling, it will enter the market one after another. Starting from idling, the main bookmakers continue to absorb cheap chips in the market, and the floating chips are reduced day by day, reducing the pressure on the file. Many parties are ready for this. When this happens, the plate will break upward.