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 Australian dollar showed an upward correction of the price on Friday. The move was on large volume, but smooth we should note the presence of the local downtrend and the exit of the pair from the consolidation. Given all these factors, we should give advantage to short positions. We can enter the market after a resumption of the fall of the price. 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...
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...
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...
EUR/USD remains trading in the consolidation between two strong volume levels. The first one is the support 1.1680 - 1.1699, the second is the resistance 1.1870. Also we need to point out the presence of strong and large volume accumulation in this range, so we can consider that big players are gaining positions. Given this fact the best scenario will be just to...
The 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...
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...
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...
The price has broken out the previous resistance, but the move was smooth and on small volume, so we can't trade this breakout at the moment. But on the other hand, this movement points us that buyers are dominating the market and we, of course, should give preference to long positions. The scenario is similar to the one for the euro: we need to wait for a...
EUR/USD continued growing and broke out the previous upper limit of the consolidation. Now the price is trading above it. We should note that the breakout move was on increased volume, but it was spread throughout the chart, so we can't point out any specific volume level. Anyway, given all other facts above we should consider opening long positions....
It is necessary to point out the new resistance level 1291.60 - 1294.20, which contains large volume that has stopped the growth of the price. Now gold is trading a little bit below this mark. Given the sure growth we should give preference to long positions, but only after a breakout of this fresh level. The move should be sharp and supported by increased/large...
The price failed to breakdown the lower limit of the consolidation and returned trading back in it. That's why our previous scenario remains the same: we might consider opening new deals only after a sure exit of the price from the range on large volume, so it will be a more accurate signal for entering the market. While the pair is trading in the consolidation,...
The Euro continued its upward movement and now the price is near the upper limit of the consolidation. It is worth noting that the growth was fairly confident and supported by pretty large volume, which is a strong bullish sign. Unfortunately, volume was spread throughout the movement, which makes it impossible to single out a specific new volume level. Thus, the...
AUD/USD is trading a little bit above the level of support 0.7744 at the moment. The price showed a little growth, but it was on small volume + given the presence of the local downtrend, we should consider short positions for this currency pair. We can enter the market after a breakdown of the support on large volume, so it will be a more accurate signal. A stop...
The pair is trading in the little consolidation below the resistance 1.2566 - 1.2580. The price fell down during the Asian session, but the move was on small volume, so we can’t regard it as a bearish signal. That’s why we still should give preference to long positions, but we can enter the market only after an abrupt breakout of the resistance on large volume. A...