trustbrokergroup

trustbrokergroup

After the correction on Friday, USD/CAD was trading in the local consolidation a little bit above the support level 1.2764 - 1.2777, where large volume is concentrated. Given the local uptrend and the presence of the strong support, we should consider long positions. We can enter the market after a resumption of the growth of increased/large volume. A stop loss...

trustbrokergroup

As expected, EUR / USD corrected upwards after the rapid price fall last week. The upward price movement was smooth and on small volume, which cannot be regarded as a market reversal or a bullish signal. Moreover, two levels of resistance remain at the top of the chart: the first is 1.1692- 1.1705 and the second is 1.1740-1.1760. Both levels contain large volume,...

trustbrokergroup

Gold grew up on Friday and is testing the level of resistance 1273.80 - 1276.20, where large volume is concentrated. The move was on large volume, so we should wait for the reaction of the price to the resistance in order to understand the further direction of gold. Of course, given the presence of large volume accumulation at the top of the chart and the local...

trustbrokergroup

The Australian dollar showed an upward correction of the price on Friday. The move was on large volume, but smooth we should note the presence of the local downtrend and the exit of the pair from the consolidation. Given all these factors, we should give advantage to short positions. We can enter the market after a resumption of the fall of the price. A stop loss...

trustbrokergroup

The price corrected sharply on Friday, but the move was on average volume, so we should consider it as a reversal signal. Moreover, there is a local uptrend and the support 1.2764 - 1.2777. So we need to wait for the resumption of the growth (especially after the test of the level) and then we can open long positions. A stop loss should be placed below the...

trustbrokergroup

After 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...

trustbrokergroup

Nothing has changed for the Pound as the price is still trading in the consolidation between two strong levels: the support 1.3049 and the resistance 1.3318. Also we should note that large volume is concentrated in this range, so the exit of the price from it will be a good signal for entering the market. That’s why we should wait for the price to come out from...

trustbrokergroup

EUR/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...

trustbrokergroup

Gold 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...

trustbrokergroup

Downtrend for this currency pair continues as the price fell down sharply on increased volume. Unfortunately, it was spread throughout the chart, so we can’t point out any concrete volume level. Anyway, now we should consider only short positions. We can enter the market after a smooth upward correction on small volume. A stop loss should be place at the level...

trustbrokergroup

The pair continued growing, which totally matches with our previous scenario. Now we should consider only long positions for USD/CAD. We can enter the market only in case of a smooth downward correction on small volume, because we need to obtain an acceptable entry point. A stop loss should be place below the support 1.2764 - 1.2777. A potential of the deal is...

trustbrokergroup

USD/JPY grew up and is testing the resistance level 114.20 at the moment. If the price breaks it out, it will be a great bullish signal. The breakout 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 more than 110 points. The bottom line: long positions after a...

trustbrokergroup

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....

trustbrokergroup

The 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...

trustbrokergroup

The Australian dollar continued falling on increased volume, which is a good bearish signal. So our previous scenario remains actual: we should give preference to short positions. We can enter the market after a smooth upward correction in order to obtain a better entry point. A stop loss should be placed above the level 0.7785. A potential of the deal is around...

trustbrokergroup

USD/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...

trustbrokergroup

The price corrected down strongly yesterday. We should note that the move was pretty sharp and on large volume, so our previous scenario is questionable at the moment. Also we need to point out the new resistance level 114.20, which is a local maximum the price started falling from exactly this level. So we can consider long positions only after a breakout of the...

trustbrokergroup

The Pound grew up sharply and on large volume yesterday, which is a good bullish signal. So even despite the fact that the price is trading in the range right now, we should consider the scenario of its exit from the consolidation up. It will give a possibility to open long positions. The move must be abrupt and supported by increased/large volume in order to...