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A very high volume wide spread pin bar appeared today during US session at 1.3858 (chart 1).
This is due to EMA 200 on a weekly basis. As already mentioned, Moving Average 200 is common used by investment banks, as they open positions there (chart 2).
The closest resistance level is the zone between 1.34 and 1.35 (chart 3).
Since we have high activity around...
On Tuesday, high volume sell-off appeared on gold, as $1916 was tested twice as a resistance. The correction was 2/3 (Fibonacci) of the sell-off.
On Friday, US session started with a new bearish move with increased volume, as the subsequent correction was 1/2 (Fibonacci) of the highest volume candle.
If price breaks out the down trend line price $1990, most likely...
US Dollar futures
On Friday DX found a triple support around 93.5 (EMA100/EMA200 and a trend support).
On a 4H chart, the DXY broke both, EMA 100/200 with increasing volume showing a bullish participation followed by a low volume correction and a successful test with a high volume test candle.
On a weekly basis, last week finished with a bullish move with high...
One of the most useful indicators used by all investment banks and institutional traders is Moving Average (MA). When price reaches MA, the volatility(volume) increases. Either to break out, or to reject.
In this case, the volume remains average, which means no "smart money" participation, or at least not enough. Low volume rising price is a sign of...
Several sell pressure candles appeared in the last couple of weeks, showing that investors are looking for other assets.
21st September weekly candle broke the August 2011 support level with increased volume. The high of the weekly candle is $1963 as it is a very strong resistance, based on the traded volume. In case of rejections of that price, most likely will...
Last week EUR/USD finished with a low demand on the CME Futures market.
After the breakout with an increased volume two weeks ago, a correction has appeared.
The price range 1,1430 - 1,1500 is still not tested as a support, as since the end of July the movement is based on a major range and increased volume. This is a bullish signal.
On Friday, the price broke...
The Futures of USD Indexfinished the week on a red as the accompanying volume increased.
The growth of US dollar 3 weeks ago was with wide spread and low volume, showing no demand in place. Additionally, the price rejected to break the resistance level from March.
This is a sign of weakness as a new sell-off is comming in next weeks.
The most recent and strong...