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Forex market reviews

07 July 2015

Market sessions

Vladislav Antonov

Pound Trying to Break from Daily Trend Line

The UK pound does not cease to astound me. On Friday it was down before the Greek referendum and on the back of strong statistics, yesterday it grew to 1.5627 from nothing. I don’t even want to try and understand what’s going on with these anomalies. Although, I do understand that things don’t happen for nothing.
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Market sessions

Vladislav Antonov

Euro Finds Balance Point at 1.1030

On Monday the euro/dollar renewed after a fall to the balance line and closed the day at 1.1055. Traders of the euro are waiting for the ECB’s verdict on the ELA program and the results of the EU summit regarding the Greek problem.
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05 July 2015

Trading ideas

Vladislav Antonov

Short-term Trading Idea FX AUD/NZD – Bear Speculation: Pinbar Formed

Trading opportunities on currency pair: due to the falling price of iron ore and weak stats from Australia and China, the Australian dollar is really under pressure. On the weekly a pinbar (reverse candle) has formed. A fall lower than 1.1130 leads me to believe there’ll be a weakening of the Aussie to the 1.0835-1.0916 zone.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX AUD/SGD – Bear Speculation: Developing on 29th June Idea

Trading opportunities on currency pair: Friday’s AUD/SGD rate departed from the triangle and fell to 1.0107. There’s not much left to parity and the 1.0053 target. As soon as the lower limit of the A channel has been passed, I’ll be expecting a drop in the rate of the AUD/SGD to 0.9680.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX AUD/USD – Bear Speculation: Expected Fall in the Rate to Lower Limit of Expanding Formation

Trading opportunities on currency pair: due to the falling price of iron ore and weak stats from Australia and China the Australian dollar is really under pressure. It is believed the new week will bring a fall in the Aussie to the 0.7380 lower limit of the expanding formation. If it passes this level, it will move lower towards 0.7280. A break in the trend (H0.8162-H0.7847) will cancel out a scenario for its fall.
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Alexander Razuvaev
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