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EUR/USD BUY LIMIT - 12/10/2017 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. Unfortunately, there is no a good entry point at the moment as we don't have a good place for a stop loss. That's why we should wait for a smooth downward correction (optionally) and a resumption of the growth on large volume, so will be able to place a stop loss below the beginning of such move. A potential of the deal is 100 pips. The bottom line: long positions are in priority.
Long
by trustbrokergroup
GOLD - XAUUSD BUY 11/10/2017 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 volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 150 pips. The bottom line: long positions after a breakout of the resistance.
OANDA:XAUUSDLong
by trustbrokergroup
USD/JPY Waiting - 11/10/2017 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, it is better to stay out of the market. The bottom line: wait for the price to come out from the range.
by trustbrokergroup
EUR/USD BUY - 11/10/2017 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 most likely scenario is a breakdown of the upper boundary of the local consolidation, which will be an excellent signal for entry, and further price growth. The breakdown movement must be sharp and on large volume, this is a must condition in order to avoid false breakdown, which will make the entrance more accurate and reliable. A stop loss should be placed below a volume breakdown bar or the beginning of a rapid price growth. The potential of the deal is about 110 points. T he bottom line: long positions are in priority.
Long
by trustbrokergroup
AUD/USD SELL STOP - 10/10/2017 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 loss should be placed above the breakdown volume bar. A potential of the deal is 70 pips. As for long positions, we can consider them only after a breakout of the resistance 0.7868. The bottom line: short positions after a sharp breakdown of the support.
Short
by trustbrokergroup
USD/CAD BUY STOP - 10/10/2017 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 stop loss should be placed below the breakout volume bar. A potential of the growth is 100 pips. As for short positions, we can deliberate them only after a breakdown of the support 1.2404 - 1.2428. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
GBP/USD SELL STOP- 10/10/2017 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 local downtrend, it is necessary to give preference to short positions. Sales can be opened in case of the test of the resistance 1.3184 - 1.3204 and a sharp rebound of the price down on increased volume. A stop loss should be placed a little above the resistance level. The goal is a local minimum. If the price breaks through the resistance level, then it's worth to be out of the market, since there are several large volumetric accumulations at the top of the chart and we can open long positions only after their breakout. TP 50-60 pips. The bottom line: short positions after a rebound of the price from the resistance.
Short
by trustbrokergroup
EUR/USD Waiting - 10/10/2017 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 to wait for a sure exit of the price from this range in order to be able to consider new scenarios. While the pair is trading in the consolidation, we should stay out of the market. The bottom line: waiting for the exit of the price from the range.
by trustbrokergroup
AUD/USD SELL 09/10/2017 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 increased/large volume. A stop loss should be placed above the breakdown volume bar. A potential of the deal is 70 points. The bottom line: short positions after a sure breakdown of the support.
Short
by trustbrokergroup
XAU/USD SELL - 06/10/2017 Gold continued falling, moreover, the move was supported by increased volume, which is a good bearish signal. Unfortunately, volume was spread throughout the chart, so we can't point out a specific level, but anyway, we should give preference to short positions. We can enter the market after a smooth upward correction to get a better entry point and, as a consequence, a better risk/profit ratio. A stop loss should be placed above the yesterday's maximum. A potential of the deal is 120-130 points. The bottom line: short positions after a smooth upward correction.
OANDA:XAUUSDShort
by trustbrokergroup
AUD/USD SELL - 06/10/2017The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for enter. A stop loss should be placed above the resistance. A potential of the deal is 60-70 pips. The bottom line: short positions are in priority.
Short
by trustbrokergroup
USD/CAD BUY - 06/10/2017The price grew up strongly as suggested and broke out the previous local maximum. Also we need to point out the level 1.2519, where the fixation of the price was. So now we should consider long positions. We can enter the market after a smooth downward correction to get a better entry point and risk/profit ratio. A stop loss should be placed below the level 1.2519. A potential of the deal is 90-100 pips. The bottom line: long positions are in priority.
Long
by trustbrokergroup
USD/JPY BUY - 06/10/2017 The Yen fell down, then grew up and is still trading in the local consolidation below the resistance 113.20. So nothing has changed here and we still should consider opening long positions after a breakout of the resistance level. A move should be sharp and on large volume, so it will be a more accurate signal. A stop loss should be placed below the breakout volume bar. A potential of the deal is 120 pips. The bottom line: long positions after a sure breakout of the resistance.
Long
by trustbrokergroup
GBP/USD SELL - 06/10/2017 GBP/USD fell down yesterday and broke down the lower boundary of the consolidation. The move was abrupt and on large volume + two new resistance levels were created. The first one 1.3184-1.3204, the second 1.3124-1.3145. Both levels contain increased volume. Given all these facts, we should consider exceptionally short positions. We can enter the market after a resumption of the fall from the current level or after a smooth upward correction. A stop loss should be placed above the resistance 1.3124-1.3145. A potential of the deal is 140-150 pips. If the price breaks out the first resistance during its correction, we can apply the same scenario to the level 1.3184-1.3204. The bottom line: short positions are in priority.
Short
by trustbrokergroup
XAU/USD SELL - 05/10/2017 Despite the fact that the price remained trading in the local consolidation, it is necessary to note a fairly sharp fall of gold on fairly large volume. It is also worth highlighting the new volume support level 1272.20, which was formed during this downward movement. In addition, this level is the lower limit of large volume accumulation, which is concentrated in this consolidation. Therefore,breakdown of this mark will be an excellent signal for the continuation of the local downtrend. The bottom line: short positions after a breakdown of the support.
TVC:GOLDShort
by trustbrokergroup
USD/JPY BUY - 05/10/2017 USD/JPY - moves unpredictably, as the price falls down, then grows up and all these moves are on small volume. But overall, it is locked in the local consolidation a little below the level of resistance 113,20. So that our previous scenario remains the same: due to the strong uptrend we should still give preference to long positions. We can enter the market after a confident breakout of the resistance on large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is 120 pips. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
GBPUSD SELL - 05/10/2017 GBP/USD - The Pound is also trading in the consolidation right now. We need to point out the presence of large volume accumulation in this local range, so the exit of the price from it will be a great signal for entering the market. Given the local downtrend and the location of the price near the lower boundary of the consolidation, we should give preference to short positions. We can enter the market after a confident breakdown of the lower boundary of the consolidation on increased volume. A stop loss should be placed above the breakdown volume bar. A potential of the deal is 110-120 pips. The bottom line: short positions after a breakdown of the consolidation.
Short
by trustbrokergroup
EURUSD Waiting - 03/10/2017EUR/USD The local downtrend for the Euro continues as the price broke down the lower boundary of the previous local consolidation. The fall was quite abrupt, but unfortunately it was on small volume, so we can't point out any fresh volume level. It leads to the absence of the place for a stop loss. That's why we need to wait for the appearance of increased/large volume and creation of a new level, that can be used as a reliable place for a stop loss. Only after that we can consider opening short positions. While the pair is trading on small volume it is too risky to enter the market. The bottom line: short positions are in priority.
by trustbrokergroup
GBPUSD CONSOLIDATION - 03/10/2017GBP/USD The Pound also fell down and broke down the previous local consolidation. Despite the confident downward move, which is a good bearish signal, volume on the market is low, so we can't highlight any new volume level or zone. It makes trading the Pound more difficult as there is no a good place for a stop loss.That's why we need to wait for the appearance of large volume on the market and a creation of a new volume level, that can be used in trading as a reliable place for a stop loss.While volume on the market is low, we should skip this currency pair from our trading plan. The bottom line: short positions are in priority
by trustbrokergroup