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...
The Yen grew up and totally absorbed the previous fall of the price, which is a good bullish signal. Moreover, the growth of the price was on increased volume, so now we should give preference to long positions. We can enter the market after the resumption of the upward move supported by increased/large volume. This will be a sign for the continuation of the...
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...
Gold broke through the previous level of support, but could not continue the downward movement and after the formation of rather significant volume at the bottom of the chart grew sharply up. It is worth noting the new volume support level of 1272.90, from which the price rebounded sharply upwards. Nevertheless, given the downward trend and the fact that the...
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...
USD/CAD continued growing, which is a good bullish signal, but unfortunately, there is no a good entry point at the moment. We need to wait for a smooth downward correction of the price in order to get a better price for entering the market. A stop loss should be placed below the support 1.2558 - 1.2570. A potential of the deal is 130-140 points. The bottom...
USDJPY - The Yen corrected down yesterday, but the movement was on small volume, so that we can’t consider it as a reversal or bearish signal. That’s why our previous scenario remains the same: long positions should be in priority, but we can enter the market after a resumption of the growth on large volume, which will a good bullish signal. A stop loss should be...
Gold grew up strongly yesterday, but resumed its fall today during the Asian session. We should note that the upward move was on large volume, so we can consider opening short positions only after the price to breakdown the yesterday's minimum. The breakdown movement should be abrupt and supported by large volume. A stop loss should be placed above the breakdown...
The pair fell down sharply during the Asian session and is trading in the local consolidation a little bit below the resistance level 0.7893. That's why we should wait for the exit of the pair from this range and after that consider opening new deals here. The bottom line: wait for the exit of the pair from the local range.
The price showed a significant growth during the Asian session and now is testing the upper limit of the consolidation/level of resistance 113.20 - 113.42. Given such a strong bullish impulse, it is necessary to point out the scenario of the breakout of this level. If the price breaks the resistance out sharply and on large volume, it will be a great bullish...
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...
After the creation of the volume level 1283.70 - 1286.30, the price continued falling and is trading below this mark at the moment. Given this fact we can consider this level as the resistance from which we can deliberate short positions. We can open sales after a smooth upward correction in order to get a better entry point. The move should be on small volume;...
AUD/USD showed a smooth growth and is still located below the resistance level 0.7893, which is also a local maximum. Overall, the pair is trading in the consolidation, but given that AUD/USD is near its upper limit, we should consider the scenario of its breakout. The move should be sharp and on large volume. A stop loss should be placed below the breakout...
The yen showed a significant and rapid price increase on Wednesday and now it is trading near the resistance level of 113.20 - 113.42, in which large volume is concentrated and which is also the upper limit of the consolidation. It should be noted that the upward movement was on average volume, which was evenly distributed throughout the chart, so it is...
The price of gold continued falling on Tuesday, and the move was fairly certain. Nevertheless, the fall of the price was stopped by large volume, after which a new volume level of 1283.70 - 1286.30 was formed. Now the price is testing this level.Given that the price did not show any sharp reaction to this level and is trading inside it at the moment, we should...