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Coffee Downtrend Set To End

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The coffee price has risen from its lows and this could well be the start of the expected big rally which has been laid out previously. Let’s review the daily chart and monthly charts. COFFEE DAILY CHART We can see price has been moving up nicely since the January 2016 low at $112.53. To really gain confidence that a new bull trend is in play the price needs to crack above the previous swing high level which stands at $128.30 and is denoted by the horizontal line. The Bollinger Bands show a

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