Leave discussion below. This activity is proven in a number of markets.
After this anomalous weekend, i'm still short, no resistance has been closed on. We wait and see the next few months. Happy HOLD :-)
The Yen had tested the support level 111.73 - 111.86, but failed to break it down and rebounded up strongly. The growth was sharp, but on average volume, so it does not cancel our previous scenario of opening short positions after a breakdown of the support. The move should be abrupt and supported by large volume. A stop loss should be placed above the breakdown...
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 Euro showed a smooth downward correction yesterday. The move was also on small volume, so we should consider it as a technical correction, not as a reversal signal. Moreover, the pair is still trading above the previous correction. So that our previous scenario of opening long positions remains the actual. We should enter the market after a resumption of the...
USD/CAD fell down sharply yesterday, but the move was on small volume. Anyway, given that the price is trading near the lower boundary of the range/support 1.2404 - 1.2428, we should consider the scenario of the breakdown of this mark. If the price breaks down the support on large volume, we can open short positions. A stop loss should be placed above the...
Nothing has changed for the Yen as the price is still trading in the consolidation, so that we need to wait for the exit of the pair from it in order to be able to consider new deals for this currency pair. The bottom line: wait for the price to come out from the range.
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...
GBP/USD showed a smooth growth on Monday and broke through one of the resistance levels. It is worth noting that the upward movement was on small volume, so it cannot be regarded as a market reversal. In addition, the second resistance level 1.3184 - 1.3204 is still actual. It contains fairly large volume and was tested yesterday. Given the presence of a strong...
The Euro continued growing up on Monday, but the move was very smooth and wasn’t supported by significant volume, so that we are unable to point out any new volume levels or zones for this currency pair. The only relevant level is the support 1.1680-1.1699. Moreover, the price is locked in the consolidation, where large volume is accumulated. That’s why we need...
AUD/USD also did not show any significant reaction of the labor market data in the USA on Friday. The only thing that we should note is the new support 0.7744 which contains large volume. Nevertheless, our previous scenario of opening short positions remains actual, but now we need to wait for the sharp breakdown of the support. A move should be supported by...