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Filtrowane przez tagi:  1St Week
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1st Week of March 2014

alifari Przesłąno 3 Mar  w #Trader's blog #Volatility #Price #March #1St Week
First week of every month is filled with lot's of major news events, such as Interest Rate Decisions and Manufacturing Data which create lot of whipsaw price action and volatility for major currencies. However, all eyes are focused this week on ongoing tension between Ukraine and Russia and traders are expecting some massive price movements.
When currency market opened on Monday, lot of pairs opened with huge gap and the price action indicated risk-off mode, London session was more of a consolid…
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Przetłumacz na Angielski Pokaż oryginał

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AUDUSD Analysis for 1st Week of February 2014

alifari Przesłąno 1 Luty  w #Trader's blog #Analysis #Audusd #Direction #February #1St Week
Here are my analysis and price action forecast for AUDUSD for 1st week of February 2014.
1) Weekly Chart: We can see that price broke a significant demand zone between 0.8840 - 0.8890 couple of weeks ago.
2) Daily Chart: Price retested this zone after breakout and in doing so created a nice supply zone on daily time frame and this zone is holding price for now. Overall trend on Daily looks bearish as price continues to make lower highs and lower lows and in doing so creating supply zones.
I am e…
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Daytrader21 avatar
Daytrader21 1 Luty

I'm with you on this trade, it seems that as we go further into the downside trend the volatility diminish itself.

alifari avatar
alifari 1 Luty

For sure technical set up looks bearish, however Tuesday RBA rate statement could determine future price direction. If we look at another scenario, smart money could decide to short squeeze and take it all the way up to 90.00 level, if they think retail traders are heavily short.

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