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...
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...
AUD/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...
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...