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Forex Market Reviews

14 March 2017

Market sessions

## wisniewski

Daily analytical report (14/03/17)

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EURUSD, EURGBP, AUDUSD
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Market sessions

Gabriel Ojimadu

EUR/USD: a pin bar formation has recently appeared

Trading on the euro on Monday closed down. The EUR/USD rate fell from a maximum of 1.0714 to 1.0651 (-63 pips). The economic calendar was empty and the euro underwent a correction across the market after Friday's rally.
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13 March 2017

Media reviews

## pham

FX Markets Look to Article 50 Trigger, Fed Rate Hike, Aussie Jobs, BOE (news: 13/03/17)

With both house of the UK parliament on the verge of passing the Brexit bill – much faster than anticipated, mind you – the UK could be close to officially triggering its exit from the European Union. UK Prime Minister Theresa May could be finally handed the power to enact Article 50 by as early as Tuesday, which could put in stone, at least in the markets’ collective minds, that the UK is hurtling towards a ‘hard Brexit.’
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Trading ideas

Gabriel Ojimadu

Short-term trading idea FX EUR/USD - a bull’s game: strengthening of the euro expected by way of correction

Movement on the EUR/USD pair continues to correlate with that of 2005. According to historical patterns, a large downwards correction is due to take place after the 15th of April. Despite this, the rate may still deviate significantly upwards. After Friday’s payrolls, the price came out of the 1.0494 - 1.0626 range. As it breaks 1.0715, growth will accelerate to 1.0780. This is where the euro will stop growing and a symmetrical triangle will form. If a rebound doesn’t follow from this, and the rate breaks the 1.0829 support, we could see the price restore all the way to 1.1021. Should the daily candlestick close below the 2 copy line, then we can forget about this potential surge. We’re working towards 1.1021 with an eye on the 1 copy and 2 copy lines. The euro should reach the TR1 trend line by the 10th of April.
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Market sessions

Gabriel Ojimadu

EUR/USD: Monday v Friday

The euro closed up after trading on Friday. The single currency managed to reach the D3 line after the publication of the US jobs report. The number of new nonfarm jobs in the states in February grew by 235,000 after a forecast of only 200,000. The figure for December was revised from 157,000 to 155,000 and for January from 227,000 to 238,000. The aggregate change for these two months comes to +9,000.
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