FXOptimax - Analytics

    FXOptimax

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    9th March 2016 Market Outlook

    Gold – We have a nice little support area at 1248.50–1240.00 in the Gold market which traders may consider buying into this market as the overall trend is still bullish at the moment. The next key resistance level is not found until 1308.00 which offer traders massive profit margin to trade the long side in this market.

     

     

    XAUUSDrH4

     

    Loonie Dollar – USD/CAD is currently finding some support below and starts to pullback higher. If price pullback to the 1.3660 resistance level, traders may hunt for potential short setup. While a more aggressive traders may conside buying into this market and trade it up into the 1.3660 resistance level for a short term counter trend trade.

    USDCADrH4

     

    Aussie Kiwi – AUD/NZD is trending up nicely on the smaller time frame which traders may consider jumping onto it as the trend is likely going to continue to rally higher into its next resistance level at 1.1083. Traders may consider buying into this market when price pullback to the 1.0960 support level to ride on the bullish trend.

    AUDNZDrH4

    Posted on 2016-03-09 06:30:06


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