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USD/CAD SELL - 06/11/2017 The price showed a significant fall last Friday and broke down previous lower boundary of the range. The bearish move was sharp and on large volume, so we should give preference to short positions. We can enter the market after a breakdown of the fresh volume level of support 1.2724 - 1.2747. A stop loss should be place above the breakdown volume bar. A potential of the deal is up to 200 points. The bottom line: short positions after the sure breakdown of the support
Short
by trustbrokergroup
USD/JPY BUY LIMIT - 30/10/2017After the test of the level of resistance, USD/JPY rebounded down sharply and on large volume, which puts under the question the scenario of opening long positions. But on the other hand, there is a strong uptrend, so we still should give preference to purchases. We can enter the market after a sure breakout of the resistance on increased/large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is 110+ points. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
EUR/USD SELL - 30/10/2017EUR/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 we should open short positions. A stop loss should be placed above the first resistance. A potential of the deal is more than 100 points. The bottom line: short positions after a smooth upward correction.
Short
by trustbrokergroup
XAU/USD - GOLD - SELL LIMIT - 27/10/2017Gold finally broke down the support and after that continued falling. Also we need to highlight the new resistance level 1273.80 - 1276.20, where large volume is concentrated.Given all these factors we should give preference to short positions. We can enter the market after a smooth correction up to the resistance in order to get a better price for entering. A stop loss should be placed above the resistance level. A potential of the fall is 120-130 pips. The bottom line: short positions after a smooth upward correction.
OANDA:XAUUSDShort
by trustbrokergroup
EUR/USD SELL - 27/10/2017 After significant fundamental factors the ECB meeting, the decision on the interest rate), EUR/USD demonstrated a strong fall of the price. The downward movement was sharp and on very large volume. As a result, the price broke through the lower boundary of the consolidation and continued its falling. Also it is necessary to allocate 2 new levels of resistance. The first 1.1692 - 1.1705, the second 1.1740 - 1.1760. In both levels, large volume is concentrated. Considering all the above factors, now it is worth considering exceptionally short positions for this currency pair. Sales can be opened after a smooth correction of the price up on small volume. A stop loss should be placed a little above the resistance level 1.1692 - 1.1705. A potential of the fall is 150-160 points. If the price breaks through this resistance level, our scenario still remains relevant, but it is applicable to the second resistance. The bottom line: short positions are in priority.
Short
by trustbrokergroup
2
XAU/USD - GOLD Waiting 26/10/2017The situation for gold is complicated as the price showed a significant growth on large volume yesterday. Also the new support 1271.40 was created during the move. So until its breakdown we can’t consider short positions. On the other hand, there is a downtrend and huge volume accumulation at the top of the chart. So opening long positions is quite risky at the moment. Moreover, the price is trading in some kind of local consolidation, that’s why the best decision will be waiting for its exit from the range. The move should be sharp and on large volume. Until that it is better to stay out of the market. The bottom line: waiting for the exit of the price from the local range
OANDA:XAUUSD
by trustbrokergroup
1
USD/CAD BUY - 26/10/2017USD/CAD continued its growth after the release of fundamental news yesterday. It is worth noting that the upward movement was very sharp and on very large volume, which is an excellent bullish signal. It is also necessary to allocate a new support level 1.2764 - 1.2777, which was formed during this movement and which contains very large volume too. Given these factors, we should give preference exceptionally to long positions for this currency pair. Sales can be opened after the test of the level of support and the resumption of the price growth from it. A stop loss should be placed below this level. The potential of the deal is more than 100 points. The bottom line: long positions are in priority.
Long
by trustbrokergroup
GOLD - XAU/USD - 25/10/2017Gold 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 more accurate and sure signal for entering the market. A stop loss should be placed above the breakdown volume bar. A potential of the deal is up to 150 pips. The bottom line: short positions after a breakdown of the support.
OANDA:XAUUSDShort
by trustbrokergroup
USD/CAD - 25/10/2017The 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 placed 1.2617. A potential of the growth is more than 100 pips. The bottom line: long positions are in priority.
Long
by trustbrokergroup
USD/JPY - 25/10/2017The 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 growth. A stop loss should be placed below the level 113.50. A potential of the deal is 100-110 pips. The bottom line: long positions are in priority
Long
by trustbrokergroup