FXOptimax - Analytics

    FXOptimax

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    17th March 2016 Market Outlook

    Euro Aussie – EUR/AUD decline into its 1.4445–1.4351 support area as we expected in our 23rd February 2016 Market Outlook. Traders who went short as we recommended in our 23rd February 2016 Market Outlook & 15th February 2016 Market Outlook may consider taking profits at the 1.4445–1.4351 support area as price could potentially bounce back into the 1.5330 resistance level before moving lower.

     

     

    EURAUDrDaily

     

    Aussie Dollar – AUD/USD pullback into its 0.7420–0.7380 support area and shot up higher as we expected in our 14th March 2016 Market Outlook. Traders who went long as we recommended may consider taking partial profits while leaving the rest position to run further with a trailing stop behind as price is likely going to continue to move higher in the coming days.

    AUDUSDrH4

     

    Swedish Krona – USD/SEK fell lower after price breakout away from its 8.3230 key support level as we expected in our 15th March 2016 Market Outlook. Traders who went short at the breakout of 8.3230 key support level may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue to move lower into its next key support level at 8.1000.

    USDSEKrDaily

    Posted on 2016-03-17 06:30:55


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