The Euro grew up significantly and on the large volume, which is a great bullish signal. Moreover, the new volume level of support was created during this movement, it is 1.2312 – 1,2318.
Given all the factors above, we should regard exceptionally purchases with the Euro.
We should open long positions after a little and smooth downward correction of the price in order to obtain a better entry point. A stop loss should be placed below the new level of support. The main target of the deal is the level of resistance 1.2411 – 1.2426.
After raising the interest rate in the USA, the dollar weakened, as a result, GBP/USD showed a sharp and rapid price growth. The upward movement was supported by the large volume, which only increases its importance.
It is also necessary to allocate the new volume support level 1.4057, from which the sharp price movement began.
Thus, we should consider exceptionally long positions with the Pound at the moment. It is better to enter the market after a small and smooth correction of the price down to get a more advantageous entry point. A stop loss should be located under the new level of support. The potential of the deal is more than 150 points.
The Yen showed an abrupt fall which was supported by the large volume, which is a good bearish signal. Besides it, the price is located a bit above the lower boundary of the local consolidation 105.43, thus, we can consider a scenario of its breakout. It will give us an opportunity to open short positions with the Yen.
The breakdown movement must be sure and abrupt, which will be a more reliable signal. A stop loss should be placed above the breakdown bar. A potential of the deal is more than 120 points.
The Canadian dollar is still locked in the local consolidation between 2 strong volume levels: the support of 1.2818 and the resistance of 1.3100. So even despite the sharp fall yesterday, we should wait for the exit of the price from the range and only after that we can regard new deals here. The breakout move must be sharp and on the large volume, which will be a more secure sign for entering the market.
Until that, we should omit this pair from our trading plan.
The Australian dollar also grew up against the US dollar yesterday. The move was sharp and on the large volume, which is a good bullish signal. The only special point is that the volume was evenly spread throughout the chart, so we can’t highlight any new level or zone. That’s why we can open long positions after a stoppage of the local correction and a resumption of the sharp rise. A stop loss should be placed below the yesterday’s abrupt move. A potential of the deal is more than 100 points.
The price demonstrated a huge and keen growth that was supported by the large volume. Consequently, the previous resistance level was broken out, which is a good bullish signal. Also we need to allocate the new support level 1323.10 – 1324.40, in which large volume is concentrated.
Considering all the facts above, we should give preference to long positions with gold. We can enter the market after a smooth correction of the price down in order to get a better entry point. A stop loss should be placed below the new support. A potential of the deal is more than 120 points.
The sentiment: this indicator totally confirms all our trading scenario except the one with the Australian dollar. So there are a plenty of good trading opportunities today.