The price showed a significant fall last Friday and broke down previous lower boundary of the range. The bearish move was sharp and on large volume, so we should give preference to short positions. We can enter the market after a breakdown of the fresh volume level of support 1.2724 - 1.2747. A stop loss should be place above the breakdown volume bar. A potential...
After the test of the level of resistance, USD/JPY rebounded down sharply and on large volume, which puts under the question the scenario of opening long positions. But on the other hand, there is a strong uptrend, so we still should give preference to purchases. We can enter the market after a sure breakout of the resistance on increased/large volume. A stop loss...
EUR/USD continued falling on Friday, so the local downtrend for this currency pair is going on. Also we need to point out the presence of 2 strong volume resistance levels: 1.1692 - 1.1705 and 1.1740 - 1.1760. That’s why our previous scenario remains the same: we need to wait for a smooth upward correction of the price in order to get a better entry point and then...
Gold finally broke down the support and after that continued falling. Also we need to highlight the new resistance level 1273.80 - 1276.20, where large volume is concentrated.Given all these factors we should give preference to short positions. We can enter the market after a smooth correction up to the resistance in order to get a better price for entering. A...
USD/JPY grew up and is testing the resistance level 114.20 at the moment. If the price breaks it out, it will be a great bullish signal. The breakout move should be sharp and supported by increased/large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is more than 110 points.
The bottom line: long positions after a...
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 situation for gold is complicated as the price showed a significant growth on large volume yesterday. Also the new support 1271.40 was created during the move. So until its breakdown we can’t consider short positions. On the other hand, there is a downtrend and huge volume accumulation at the top of the chart. So opening long positions is quite risky at the...
USD/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...
Gold fell down yesterday and is testing the support level 1272.90 at the moment. Given the presence of the local downtrend and the absence of any significant reaction of the price to the level, we should consider the scenario of its breakout, which will be a strong bearish signal. The breakdown move should be sharp and supported by large volume, which will be a...
The local uptrend for USD/CAD continues as the price grew up sharply yesterday. The move was supported by increased volume which only strengthens it is importance. Given all these facts we should consider exceptionally long positions. We can enter the market after a smooth downward correction of the price in order to get a better entry point. A stop loss should be...
The Yen grew up and totally absorbed the previous fall of the price, which is a good bullish signal. Moreover, the growth of the price was on increased volume, so now we should give preference to long positions. We can enter the market after the resumption of the upward move supported by increased/large volume. This will be a sign for the continuation of the...
