The Euro corrected down, but is still located within the local consolidation between the support level 1.1517 and the resistance level 1.1827, in which the very large volume is concentrated. Hence, the best decision with this pair is just to wait for a confident breakout of one of these levels and the exit of the price from the range.
The move should be abrupt and supported by the large volume, which will insure us against a fake breakout and will be a more secure signal for opening new positions. While the pair is within the consolidation, it is better to stay out of the market.
The Pound also demonstrated a strong sink yesterday, but the general picture has not changed: the price is still located inside the local consolidation between two strong levels. They are the support 1.3066 and the resistance 1.3291.
Therefore, our previous scenario is still actual: we can open new positions only after a sure and swift exit of the pair from the range. The movement must be supported by the large volume, which will be a more precise and strong signal for entering the market.
The Yen is trading in the small range near the level of resistance 111.00 at the moment, so the situation has not changed: we still need to regard a scenario of a breakout of this mark, which will be an excellent bullish signal. The breakout movement should be abrupt and supported by the large volume, which will be a more secure signal for opening long positions. A stop loss must be placed just below the breakout volume bar. The potential of the deal is more than 110 points.
The pair corrected upwards after the creation of the new volume level of support 1.3138 and is trading in the consolidation between this mark and the resistance 1.3367. Therefore, the best decision with this instrument is just to wait for a breakout of one of these levels and an abrupt exit of the pair from the range. The breakout move should be supported by the large volume, which will be a more precise and secure signal for opening new positions.
The Australian dollar demonstrated an abrupt fall and broke down the previous support level, which is a strong bearish signal, so now it is worth giving preference to short positions. We can open sales after the resumption of the fall, but the movement must be on the large volume, which will be a more secure signal for entering the market. A stop loss must be located a little above this sink. The potential of the deal is about 80 pips.
Gold resumed its decline yesterday after a slight upward correction of the price. The movement was sharp, but on the small volume, so we cannot allocate any new level or zone. Despite this, we should consider exceptionally short positions as there is a strong downtrend with this instrument.
We can enter the market after the continuation of the fall of the price, but the movement should be supported by the large volume, which will be a more accurate and strong signal for opening sales with gold. A stop loss should be placed just above the beginning of this fall. The potential of the deal is more than 150 points.
The sentiment: the mood of the market totally affirms all our trading scenarios, which is a great additional signal. We can regard new deals with other currency pairs only after the sure exit of prices from consolidations.