Key Technical Levels
has settled into a short-term 175 pip range which has created level for high frequency traders to target. A developing wedge formation signals that we could see further consolidation. However, trader should remain cautious as these formations often lead to breakouts.
has seen its Bollinger band widen to 627 pips as broader volatility has led to extreme variation amongst most pairs. However, we have started to see one week implied volatility readings significantly decrease over the past few days with the pair’s reading down from 15.11 two days ago to 12.31. We can see the dissipating concerns in the ATR which has started to turn lower. At 120 pips the AUDUSD”s daily volatility is near the bottom of the most traded pairs.
To Discuss Scalping Strategies and Get Tips From Other Traders Visit The Scalping Forum.
How To Use Scalping Report Video
To discuss this report or be added to the email list, contact John Rivera, Currency Analyst: firstname.lastname@example.org