The pair finally has broken down the lower boundary of the consolidation and is trading below it. The move was sharp and supported by large volume, which is a good bearish signal, but we should note that volume was concentrated at the bottom of the fall and the new support level was created. It is 111.73 - 111.86. So we can open short positions after a sure...
The Pound is still trading a little bit above the support level 1.3225 - 1.3254, where large volume is concentrated. So our previous scenario of opening long positions is actual for this currency pair. We can enter the market after a resumption of the growth of the price after a test of the support level or a smooth correction to it. A stop loss should be placed...
The Euro tested the local maximum and after a creation of the new resistance 1.1870 the price fell down quite sharp. But even despite such a fall, we should note that the growth of the price was on large volume, while the correction of the pair down was on small one. Besides it, the price came out form the consolidation earlier last week, which is a good bullish...
Gold had broken out the previous resistance and was fixed above it. We should note that the breakout move was smooth and on small volume, but before it large volume appeared at the daily minimum and pushed the price up. So we can guess that buyers have opened longs at that level and then gold grew up. Also we need to point out the new support level 1290.20, from...
Yesterday GBP/USD showed a V-pattern: first the price fell on the average volume, and then it grew rapidly, with the upward price movement was on very large volume and completely absorbed the previous fall of the pair. This price movement is an excellent bullish signal.Also it is worth noting the formation of a new support level of 1.3225 - 1.3254, in which large...
The Euro showed a smooth downward correction yesterday. The move was also on small volume, so we should consider it as a technical correction, not as a reversal signal. Moreover, the pair is still trading above the previous correction. So that our previous scenario of opening long positions remains the actual. We should enter the market after a resumption of the...