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AUD/USD still needs to complete the bearish correction before the bull starts another impulse moves. To me, we should be expecting a bearish impulse throughout next week to complete WAVE C. Goodluck
The NZDUSD could see some short-term downside as price sits at the trendline resistance highs.
Price has tried to break higher on a few occasions with no luck so far and with the USD looking likely to
continue to the $97.50 resistance we could see NZDUSD head back towards to the trendline support.
This market is in a consolidation pattern meaning that we must wait...
There is a clear gartley formation but still should confirm and gets a little higher in order to enter Long.
EMA 200 is showing as uptrend which is clear but if you place EMA's 12 and 27 is still waiting to decide the direction. Go Long if it breaks the gartley or wait for a new formation or entry signal.
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...
The pound is trading in the level of support/lower limit of the global consolidation 1.3061 - 1.3090, where large volume is concentrated. So overall, the situation remains the same: the price is locked in the consolidation, but given the strong fall last week, we should give preference to short positions. We can open sales only after a confident and sharp...
Despite the growth of the price during the Asian session today, we still should give preference to short positions for the Euro as there are two strong resistance levels and the fall of the price was supported by large volume while the correction was on small volume. We can enter the market after a resumption of the fall of the pair on large volume both from the...
The price corrected sharply on Friday, but the move was on average volume, so we should consider it as a reversal signal. Moreover, there is a local uptrend and the support 1.2764 - 1.2777. So we need to wait for the resumption of the growth (especially after the test of the level) and then we can open long positions. A stop loss should be placed below the...
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...
Nothing 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...
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...
Downtrend for this currency pair continues as the price fell down sharply on increased volume. Unfortunately, it was spread throughout the chart, so we can’t point out any concrete volume level. Anyway, now we should consider only short positions. We can enter the market after a smooth upward correction on small volume. A stop loss should be place at the level...
The pair continued growing, which totally matches with our previous scenario. Now we should consider only long positions for USD/CAD. We can enter the market only in case of a smooth downward correction on small volume, because we need to obtain an acceptable entry point. A stop loss should be place below the support 1.2764 - 1.2777. A potential of the deal is...
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...
The Australian dollar continued falling on increased volume, which is a good bearish signal. So our previous scenario remains actual: we should give preference to short positions. We can enter the market after a smooth upward correction in order to obtain a better entry point. A stop loss should be placed above the level 0.7785. A potential of the deal is around...
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...
The 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...
