trustbrokergroup

trustbrokergroup

Unfortunately, gold did not show any significant move on Monday and the price remained trading in the middle of the global consolidation between two strong volume levels: the support 1264.40 - 1266.00 and the resistance 1287.70. We should note the presence of large volume accumulation in this range, so we must wait for the price to come out from it. It will be a...

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The Australian dollar broke down the support level 0.7634 but could not fix below it and is trading at this level right now. Even despite this fact, this is a signal for considering short positions, but we need to get an additional signal. Such a signal is a resumption of the fall of the price on increased volume. A stop loss should be placed above the beginning...

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EUR/USD continues trading near the resistance level/upper limit of the global consolidation. It is necessary to correct this level, now it is the level of 1.1673, which was tested by the price yesterday. In addition, it is necessary to highlight the presence of large volume accumulation in this consolidation, which gives us reason to believe that large players are...

trustbrokergroup

On Monday, the price of gold showed significant growth, tested the resistance level of 1282.70 - 1284.60, after which it rebounded down. It is worth noting that the pair is still trading in the global consolidation (the lower limit - support 1264.40 - 1266.00), in which fairly large volume is concentrated. Given all of the above factors, the best decision will be...

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USD/CAD has broken down the support level, but unfortunately, the move was on small volume, so it is too risky to trade it. We need to get a stronger signal, such as a resumption of the fall on increased/large volume. Perfectly, if the price corrects up and them resumes its fall. A stop loss should be placed above the level 1.2782. A potential of the deal is up...

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The price tested the local minimum 1.1578 (which is also the support now), but failed to break it down, rebounded up and is trading in the local consolidation near this mark at the moment. We should note that the growth of the pair was on small volume, so we should consider it as a reversal signal. Given the strong fall last Friday we still should give advantage...

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Gold fell down sharply on Friday and tested the support level/lower limit of the consolidation. The move was supported by large volume, so we should consider the scenario of the further fall of the price and breakdown of the support 1264.40 - 1266.00. It will be a great bearish signal, so we will be able to open short positions for gold. The breakdown movement...

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Even despite the fact that the price is still locked in the consolidation 0.7643 - 0.7720, we should consider short positions as the price fell down strongly on Friday. The move was on large volume, so that we should deliberate the scenario of the breakdown of the support after which we can open sales. The move should be supported by increased/large volume, that...

trustbrokergroup

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...

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We should point out two new volume levels for the Yen: the support 113.62 - 113.76 and the resistance/local maximum 114.37. The price is located in the middle between these two levels, but given that the growth of the price was sharp and on large volume while the downward correction was smooth and on small volume, we should give advantage to long positions. We...

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The pound is trading in the level of support/lower limit of the global consolidation 1.3061 - 1.3090, where large volume is concentrated. So overall, the situation remains the same: the price is locked in the consolidation, but given the strong fall last week, we should give preference to short positions. We can open sales only after a confident and sharp...

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The Euro tested the resistance level 1.1692 - 1.1705 on Friday and fell down sharply and on large volume. The rebound was sharp, so it is a great bearish signal and we should give preference to short positions for EUR/USD. We should enter the market after a smooth upward correction of the price in order to get a better entry point for opening short positions. A...

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Nothing has changed for gold as the price is trading in the consolidation between two strong volume levels: the first one is 1264.40 - 1266.00 and the second 1282.70 - 1284.60. Besides it we must note the huge volume accumulation, which is located in this range. Given all these facts we can consider any new deals only after the exit of the price from the range,...

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The Canadian dollar is now locked in the range between two levels: the support 1.2764 - 1.2777 and the local maximum/resistance 1.2911. Large volume is concentrated in this range, so the exit of the price from it will be a good signal for entering the market. Given the local uptrend and that the fall of the price was on small volume, we should give preference to...

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USD/JPY resumed its growth and tested the upper limit of the consolidation/resistance level 114.20 yesterday. The test of the level was on increased volume, however, the price did not rebound from it, but remained trading near this mark. This is a signal to a possible breakdown of this resistance, which will give an excellent opportunity to open long positions....

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Despite the growth of the price during the Asian session today, we still should give preference to short positions for the Euro as there are two strong resistance levels and the fall of the price was supported by large volume while the correction was on small volume. We can enter the market after a resumption of the fall of the pair on large volume both from the...

trustbrokergroup

Gold continued its smooth growth yesterday, but overall the price is locked in the local consolidation between two strong levels. The first one is the support 1264.40 - 1266.00, the second the resistance 1282.70 - 1284.60. Also we should note that large volume accumulation is located in this range. That’s why the best decision will be just to wait for the exit of...

trustbrokergroup

The Australian dollar was trading in the little local consolidation the whole Monday, so our previous scenario remains the same: after a resumption of the fall on increased/large volume we can enter the market. A stop loss should be placed above the level 0.7720. A potential of the fall is around 80 pips. The bottom line: short positions are in priority.