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Forex market reviews

18 January 2016

Trading ideas

Vladislav Antonov

Short-term Trading Idea FX CAD/JPY – Bear Speculation: Expected Drop to 76.61 – 74.78 Support Zone

Trading opportunities for currency pair: the CAD/JPY is stuck in a bear trend due to the Chinese stock market crash and a fall in oil prices. If you’re looking to sell the Canadian, then 81.15/30 is your marker. After a rise of the rate to 82.43 we should stave off selling. Whilst the oil and Chinese markets are down in the dumps, expect the CAD to weaken to the 76.61-74.78 support zone. If the price returns to 82.44 over the next couple of days (before Wednesday), this falling scenario will be cancelled. The pair is likely to switch into a long consolidation phase.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX NZD/USD – Bull Speculation: Possible Upward Correction on Pinbar

Trading opportunities for currency pair: a pinbar has formed on the daily timeframe. As part of a correction, it’s likely there’ll be some short-term growth. This should start following a break of 0.6490 with a 0.6570 target. After this, we’ll need to see what the market comes up with. If things go as usual, after a break in the trend line, the price should return back to it. In our case, it’s towards 0.6685. If the sellers fully close Friday’s candle on Monday, the NZDUSD growth scenario will be cancelled out. In this case, we should expect a weakening of the NZD to 0.6235.
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15 January 2016

Media reviews

Natalya Indeeva

Juncker Sees Euro, EU Trade at Risk in Unresolved Refugee Crisis

Europe’s bickering over refugees has drained its credibility and ultimately puts continental free trade and the euro at risk, European Commission President Jean-Claude Juncker said.
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Market sessions

Vladislav Antonov

Euro Could Return to 1.0930

The euro/dollar on Thursday formed a spike. The strengthening of the euro to 1.0942 was caused by Reuters and a fall in European stock indices. Reuters relayed that the majority of ECB representatives are against a further loosening of monetary policy and at that moment the stock indices were trading down by 2-3%.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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