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December 23th USDJPY Chart Analysi Hello. Don’t forget to press “Likes” and “Follow” me. I will begin USDJPY Chart Analysis for December 23th This is XAUUSD Gold Chart Analysis for last week. It followed route B, and ended up with drifting sideways, slowly going up. It went above the final orange trend line. I assume the uptrend would continue for a while. Today I brought USDJPY 30m candle chart. I will briefly summarize, 1. Please check route A & B with A’s long position entry timing / B’s short position entry timing with each price point at the right side. 2. Route A : Please check if it goes down below long position entry point. If it does, please refer to route B. When it goes up, please check if the price breaks out the final green parallel resistance line. 3. Route B : Please check if it breaks out short position entry point. If it does, please check route A. This is it. I believe the movement and direction will be decided approximately after tomorrow. I hope you cope well with it. I will come back to you tomorrow. Thank you. (Translation Jae Ho Shin)
by BitCoinGuide
GBP/USD Waiting - 30/10/2017Nothing has changed for the Pound as the price is still trading in the consolidation between two strong levels: the support 1.3049 and the resistance 1.3318. Also we should note that large volume is concentrated in this range, so the exit of the price from it will be a good signal for entering the market. That’s why we should wait for the price to come out from the consolidation on increased/large volume. The movement must be sharp. Only after that we can consider new deals here. The bottom line: waiting for the price to exit from the range.
by trustbrokergroup
EUR/USD SELL - 27/10/2017 After significant fundamental factors the ECB meeting, the decision on the interest rate), EUR/USD demonstrated a strong fall of the price. The downward movement was sharp and on very large volume. As a result, the price broke through the lower boundary of the consolidation and continued its falling. Also it is necessary to allocate 2 new levels of resistance. The first 1.1692 - 1.1705, the second 1.1740 - 1.1760. In both levels, large volume is concentrated. Considering all the above factors, now it is worth considering exceptionally short positions for this currency pair. Sales can be opened after a smooth correction of the price up on small volume. A stop loss should be placed a little above the resistance level 1.1692 - 1.1705. A potential of the fall is 150-160 points. If the price breaks through this resistance level, our scenario still remains relevant, but it is applicable to the second resistance. The bottom line: short positions are in priority.
Short
by trustbrokergroup
2
USD/CAD BUY - 26/10/2017USD/CAD continued its growth after the release of fundamental news yesterday. It is worth noting that the upward movement was very sharp and on very large volume, which is an excellent bullish signal. It is also necessary to allocate a new support level 1.2764 - 1.2777, which was formed during this movement and which contains very large volume too. Given these factors, we should give preference exceptionally to long positions for this currency pair. Sales can be opened after the test of the level of support and the resumption of the price growth from it. A stop loss should be placed below this level. The potential of the deal is more than 100 points. The bottom line: long positions are in priority.
Long
by trustbrokergroup
GBP/USD BUY - 26/10/2017The Pound grew up sharply and on large volume yesterday, which is a good bullish signal. So even despite the fact that the price is trading in the range right now, we should consider the scenario of its exit from the consolidation up. It will give a possibility to open long positions. The move must be abrupt and supported by increased/large volume in order to insure us from fake movements. A stop loss should be placed below the breakout volume bar. A potential of the deal is up to 200 pips. The bottom line: long positions after a breakout of the upper limit of the range.
Long
by trustbrokergroup
EUR/USD BUY - 26/10/2017 Despite the strong growth of the price yesterday, the Euro is still locked in the consolidation between two strong volume levels: 1.1680 - 1.1699 and 1.1870. So our previous scenario remains the same: trading only after the exit of the price from the consolidation. But given the sharp upward move, we should give a little advantage to long positions. We can open purchases after an abrupt and sure breakout of the level 1.1870. The movement should be supported by large volume, which will be a more accurate signal. A stop loss should be placed below the breakout volume bar. The target is 1.2015. More please check section Daily Analysis website www.trustbrokergroup.com The bottom line: long positions after a sure breakout of the resistance.
Long
by trustbrokergroup
AUD/USD - 25/10/2017AUD/USD continued falling after the release of the negative macroeconomic data this morning and finally broke through the lower limit of consolidation/support level 0.7744. It is worth noting that the movement was sharp and on a fairly large, as for the Asian session, the volume. Considering this breakdown move we should give preference to short positions. Sales should be opened after a small and smooth correction of the price upwards to get a more profitable entry point and, as a consequence, a better risk/profit ratio. A stop loss should be placed for the level of 0.7785. The fall potential is about 100 points. The bottom line: short positions are in priority.
Short
by trustbrokergroup
GOLD - XAU/USD SELL 24/10/2017 Gold broke through the previous level of support, but could not continue the downward movement and after the formation of rather significant volume at the bottom of the chart grew sharply up. It is worth noting the new volume support level of 1272.90, from which the price rebounded sharply upwards. Nevertheless, given the downward trend and the fact that the price growth was not on large, but on increased volume, it is worth considering the scenario of the fall and a breakdown of the level of support. The movement should be sharp and on large volume, which will be a more accurate signal for entering the market. A stop loss should be placed slightly above the volume breakout bar. The first target of the deal is 120 points, the second - 220 points. The bottom line: short positions after a sure breakdown of the support.
OANDA:XAUUSDShort
by trustbrokergroup
AUD/USD SELL - 24/10/2017The pair was trading in the small consolidation below the previous local consolidation yesterday. Volume on the market was small, so we can’t point out any new volume level or zone. Given the exit of the price from the consolidation, we should give preference to short positions. We can enter the market after a resumption of the fall on increased/large volume. A stop loss should be placed above the beginning of the sharp move. A potential of the deal is 50-60 points. The bottom line: short positions are in priority.
Short
by trustbrokergroup
USDJPY BUY - 24/10/2017USDJPY - The Yen corrected down yesterday, but the movement was on small volume, so that we can’t consider it as a reversal or bearish signal. That’s why our previous scenario remains the same: long positions should be in priority, but we can enter the market after a resumption of the growth on large volume, which will a good bullish signal. A stop loss should be placed below the level 113.05. A potential of the deal is more than 110 pips. More please check section Daily Analysis website www.trustbrokergroup.com The bottom line: long positions are in priority.
Long
by trustbrokergroup
XAU/USD - GOLD SELL - 20/10/2017 Gold grew up strongly yesterday, but resumed its fall today during the Asian session. We should note that the upward move was on large volume, so we can consider opening short positions only after the price to breakdown the yesterday's minimum. The breakdown movement should be abrupt and supported by large volume. A stop loss should be placed above the breakdown volume bar. The target is the support level 1261.10 - 1262.80. As for long positions, we may consider them only after the breakout of the level 1305.00. The bottom line: short positions are in priority.
FX_IDC:XAUUSDShort
by trustbrokergroup
USD/JPY BUY - 20/10/2017 The price showed a significant growth during the Asian session and now is testing the upper limit of the consolidation/level of resistance 113.20 - 113.42. Given such a strong bullish impulse, it is necessary to point out the scenario of the breakout of this level. If the price breaks the resistance out sharply and on large volume, it will be a great bullish signal, so we will be able to open long positions. A stop loss should be placed below the breakout volume bar. A potential of the deal is 110+pips. The bottom line: long positions after the breakout of the resistance.
Long
by trustbrokergroup
GBP/USD SELL - 20/10/2017 After another test of the previous support level of 1.3163, GBP/USD still managed to break this mark and now the price continues falling down. It should be noted that the fall of the pair was rather sharp, but on small volume, so it is impossible to single out a specific new volume level. Despite this, this signal is a good bearish pointer. Moreover, there is a large accumulation of volume at the top of the chart, which exerts additional pressure on the price. Given all these factors, it is worth giving preference to short positions on this instrument. Sales should be opened after the appearance of large volume in the market and a rapid fall of the price after that. This scenario gives us a good place for the stop loss - just above the beginning of a volume fall of the price. The target is a local minimum. The bottom line: short positions are in priority.
Short
by trustbrokergroup
GOLD - XAU/USD SELL - 17/10/2017 After the creation of the volume level 1283.70 - 1286.30, the price continued falling and is trading below this mark at the moment. Given this fact we can consider this level as the resistance from which we can deliberate short positions. We can open sales after a smooth upward correction in order to get a better entry point. The move should be on small volume; it will ensure us that it is not a reversal signal or beginning of the strong growth. A stop loss should be placed above the level 1288.70. The target is 1262.00. The bottom line: short positions are in priority.
OANDA:XAUUSDShort
by trustbrokergroup
AUD/USD BUY - 19/10/2017 AUD/USD showed a smooth growth and is still located below the resistance level 0.7893, which is also a local maximum. Overall, the pair is trading in the consolidation, but given that AUD/USD is near its upper limit, we should consider the scenario of its breakout. The move should be sharp and on large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is 70 pips. While the pair is trading in the consolidation, we should stay out of the market. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
USDJPY BUY - 19/10/2017 The yen showed a significant and rapid price increase on Wednesday and now it is trading near the resistance level of 113.20 - 113.42, in which large volume is concentrated and which is also the upper limit of the consolidation. It should be noted that the upward movement was on average volume, which was evenly distributed throughout the chart, so it is impossible to single out a particular level or zone. Nevertheless, given the sharp price growth and the fact that it is located near the resistance level now, it is worth considering the scenario of breakdown of this mark and opening of long positions for the USD/JPY. The breakout movement must be sharp and on increased volume, after fixing the price above resistance, you can open purchases. Stop loss is worth a breakdown volume bar. The potential of the deal is more than 110-120 points. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
GOLD - XAU/USD SELL - 18/10/2017 The price of gold continued falling on Tuesday, and the move was fairly certain. Nevertheless, the fall of the price was stopped by large volume, after which a new volume level of 1283.70 - 1286.30 was formed. Now the price is testing this level.Given that the price did not show any sharp reaction to this level and is trading inside it at the moment, we should consider the scenario of its breakdown. It will be an excellent signal for sales. A stop loss should be placed just above the breakdown volume bar. The potential of the deal is 200 points. The bottom line: short positions are in priority.
FOREXCOM:XAUUSDShort
by trustbrokergroup
GBP/USD SELL - 18/10/2017 The pair fell down sharply yesterday and broke down the previous level of support. But then the move was stopped by the new volume level 1.3163 and the price started trading a little bit above this level. Given the abrupt fall and the absence of the significant reaction of the price to the support, we should consider the scenario of its breakdown and opening short positions. A stop loss should be placed above the breakdown bar. A potential of the deal is around 130 pips. The bottom line: short positions after a sure breakdown of the support.
Short
by trustbrokergroup
AUD/USD BUY - 17/10/2017 AUD/USD showed a smooth fall of the price yesterday, but the move was on small volume, so we can't consider it as a reversal signal. But on the other hand, we can open long positions only after a strong and sharp breakout of the resistance level 0.7893. The move should be supported by large volume. A potential of the deal is 70 pips.If the price continues falling on small volume, we should stay out of the market. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
USD/JPY SELL - 17/10/2017 The Yen had tested the support level 111.73 - 111.86, but failed to break it down and rebounded up strongly. The growth was sharp, but on average volume, so it does not cancel our previous scenario of opening short positions after a breakdown of the support. The move should be abrupt and supported by large volume. A stop loss should be placed above the breakdown volume bar. A potential of the deal is more than 100-110 pips. The bottom line: short positions after a sure breakdown of the support.
Short
by trustbrokergroup
GBP/USD BUY - 17/10/2017 Yesterday the Pound corrected down and tested the support level of 1.3225 - 1.3254, in which fairly large volume is concentrated. The fall of the price was quite sharp, but on medium volume, so there is simply no way to single out new volume level. Thus, before the breakdown of the support we should give preference to long positions for this currency pair. BUY can be opened after the price rises from the support level. Ideally, it should be a strong bullish impulse. A stop loss should be placed under the support level with a small margin. The growth potential is about 150 points. If the price breaks through this level, then it's worth to be out of the market. Short positions can be considered only after the breakdown of the level of 1.3137. The bottom line: long positions are still in priority.
Long
by trustbrokergroup