Hello Price Action Traders.
The pair moved downward again on Friday, violating 1.3000 area and closing slightly below it. We are therefore still in a important support area where the market could push upward strongly or continue the bearish movement. For the week I look forward therefore to understand better what is going to happen, especially on Monday because if market will show some forex trading signals i could trade this market as well.
The Australian dollar had a bad week against the US dollar. For the first time in a year the price goes below parity with a low at 0.9960 area and closing the week at 1.0020. As far as I am concerned I will look for short trading signals on price rallies to 1.0150.
Dax30 – Germany 30 Cfd
The dax German stocks index, shows a sign of possible momentary stop of the trend. The price, as is clearly visible in the daily chart, by 14 days does not break any low of the previous day. This is a situation that illuminating in terms of price action trading means a trading opportunity! The bearish break of friday’s low could push the price down strongly. The zone where we can review a bullish continuation is 8,050 points.
It’s all for today!
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