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AUDUSD PRICE FORECAST FOR 3RD FEBRUARY 2014

AUDUSD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Monthly Chart
2) Weekly Chart
Price Target 0.8570 for 3rd February 2014
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alifari 19 Jan

Update: This week we have seen lot of sellers coming in taking price down around 300 pips and price is currently at 0.8780 and about 190 pips shy of my target. We could see continuation of down move as there is still lot of room for price to move down in next couple of weeks, so the target of 0.8570 is well within sight.

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alifari 30 Jan

Update 2: Since my first update price retraced around 100 pips from 0.8780 to 0.8880. This level was broken support on daily chart which acted as resistance and we saw another down move of 220 pips. Price is consolidating for now. However, overall trend looks pretty bearish as such we could see another move down in next couple of days.

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UPDATE AUG 23RD: USDJPY PRICE FORECAST FOR 2ND SEPTEMBER 2013

UPDATE USDJPY DAILY CHART AS OF AUGUST 23RD 2013As expected price reacted to daily demand zone between 96.00 - 95.80 and had a bullish run up to 99.00 level. I am expecting price to drop around 100 to 125 pips towards newly formed daily demand zone between 97.50 to 97.75 and then continue it's bullish run up to my target of 100.50. Currently price is around 190 pips shy of my target and I am expecting price to reach it before September 2nd.
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UPDATE AUGUST 23RD: GBPUSD PRICE FORECAST FOR 2ND SEPTEMBER 2013

UPDATE: GBPUSD DAILY CHART AS OF AUGUST 23RD 2013As expected we have seen sellers coming in at Daily supply zone at 1.5700. In last week of August, I am expecting price to retest daily level at 1.5700 one more time before heading down at 1.5500 - 1.5400 zone. Predicted target of 1.5426 is still within average weekly range.
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UPDATE AUGUST 23RD: EURUSD PRICE FORECAST FOR 2ND SEPTEMBER 2013

UPDATE: EURUSD DAILY CHART AS OF AUGUST 23RD 2013EURUSD somewhat ranging in the month of August. However, in last week of August, I am expecting a final push into Daily supply zone of 1.3500 where sellers would be interested to take it down again. Price target of 1.3260 is still very much possible keeping in view that average weekly range on EURUSD is about 200 to 225 pips. I am very much hopeful of pricing ending near my target by September 2nd.
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annatimone avatar

Interesting! Thanks for sharing.

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UPDATE AUG 23RD: AUDUSD PRICE FORECAST FOR 2ND SEPTEMBER 2013

UPDATE: AUDUSD DAILY CHART AS OF AUGUST 23RD 2013As expected price reacted to monthly demand zone between 0.89 and 0.8800 and had a bullish run up to fresh supply zone at 0.9225 - 0.9250. Price retested this daily supply zone and had a bearish run up to daily demand zone at 0.8950. I am expecting a bullish run to my target of 0.9320 in last week of August mainly due to recent positive fundamental report from China.
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UPDATE AUGUST 23RD: GBPAUD PRICE FORECAST FOR 2ND SEPTEMBER 2013

GBPAUD DAILY CHARTAs of August 23rd, 2013 price reacting as predicted. Expecting final push up to 1.76 - 1.77 area by end of month.
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