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Target Forex Trading: Week Of January 8th, 2017

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Target Forex Trading: Week Of January 8th, 2017

Target Forex Trading: Week Of January 8th, 2017*/

– What ProAct Forex Target Traders See: We are currently sitting at 1.0531 in a large channel.We are anticipating an upward move in USDX which would create further selling pressure on this pair.We are looking to continue initially to the double bottom at 1.0372 and then either bounce there or continue down to the 1.27.
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January Forex Seasonality Sees Further US Dollar Strength to Start the Year

January Forex Seasonality Sees Further US Dollar Strength to Start the Year*/

– Talking Points:- In January, it’s typical to see the US Dollar rally versus the Euro and the Swiss Franc.- The US Dollar’s best month of the year is January.- Gold’s recent performances in January have been strong in recent years amid exceptional weakness in US equity markets.
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Forex Ranking, Rating And Score For January 2017

Forex Ranking, Rating And Score For January 2017*/

– The Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: (4X) with the (4X).The weaker currencies are the (4X) followed by the (2X) with the (2X) and (2X).A nice combination for coming month may be e.g:GBP/USD with theUSD/JPY with theAUD/USD with theSome of the pairs in the Top 10 comply for a longer term trade based on the Technical Analysis (TA) of the weekly and monthly chart.
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