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Forex market reviews

23 March 2015

Market sessions

Vladislav Antonov

Sterling Technically Readying for a Drop from U3 to D3

On Friday the GBPUSD returned to the upper limit of the MA channel (U3 line) due to the American dollar falling. A test of the LB, 1.4792, puts a further fall for the pound into question. It’s seems that traders are closing long positions on the dollar.
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Market sessions

Vladislav Antonov

Expect Euro Drop to 1.0687

On Friday the euro/dollar rate was trading below the 1.0690 level before the opening of the US session. At the American session the dollar crumbled against all the key pairs. The euro/dollar jumped by 190 points to 1.0881.
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Trading ideas

Vladislav Antonov

Medium-term Trading Idea FX USD/MXN - Wait and See: Follow the Pin Bar Formation

Trading opportunity for currency pair: last week was a lucky one for the Mexican peso. Over the monthly period a Pin Bar reversal is being formed. There’s a week left before the candle closes. If the price of oil keeps rising, wait for the rate of the dollar to drop to 14.59 and then to 13.80.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX NZD/USD – Wait and See: Will a Double Bottom Kick In or a Break from the Trend

Trading opportunities for currency pair: NZD/USD rate closed at the trend line. 0.7175 and 0.7187 minimums have formed a double bottom. On Monday-Tuesday we will either see a break from the line or a break through the resistance and growth to 0.7726. Whilst the trend line hasn’t yet been broken, it’s better stay in the bull’s dollar camp.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX AUD/NZD – Bear Speculation: Development of Ideas From 14th December

Trading opportunities for currency pair: New Zealand dollar still looks stronger than its Aussie counterpart. There are 264 points left before parity is reached. The zone between 0.9988 and 1.0181 offers strong support for buyers. When growth exceeds 1.053, it will stop falling.
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16 March 2015

Market sessions

Vladislav Antonov

British Pound Rate Able to Rebound to 1.48

On Friday the pound/dollar rate continued to fall and reached 1.4698. Traders are selling the pound in response to the Governor of the Bank of England’s Carney’s Thursday announcement in which he stated that there’s no current need to raise interest rates.
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Market sessions

Vladislav Antonov

Eurodollar Has Moved Into Correctional Phase

On Friday the euro/dollar rate continued to fall on the American session and reached 1.0461. The rate continued to drop, despite weak American statistical data.
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Trading ideas

Vladislav Antonov

Idea FX USDCHF – Bull Speculation: Breaking the Resistance Zone

Trading opportunities for currency pair: the dollar bulls have won back all their losses from “black Thursday,” 15th January, 2015.The USD/CHF has strengthened higher than the resistance zone at 0.9945-0.9971. You can aim at 1.0312 and 1.1331 again due to the growth of the dollar against both the euro and pound.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX GBPCAD – Bear Speculation: Possible Head and Shoulders Pattern Forming

Trading opportunities for currency pair: on the back of dollar growth and the Bank of England’s Mark Carney making an announcement, the GBP/CAD has done a U-turn downwards. If the pound drops any faster, there’ll be a basis for us to consider a head and shoulders trend.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX GBPUSD – Bear Speculation: Breaking the 1.4800 Limit

Trading opportunities for currency pair: the pound/dollar rate broke its limit last week, taking its roots from March and July 2013 minimums. The CCI indicator entered the trend zone lower than 100. Before 24th May this year, one can expect the pound to fall to 1.4345 and to 1.3705 by the middle of August.
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