Daily Technical Forex Forecast 10.01.2019


EUR/USD

The Euro showed significant and sharp growth on the huge volume, which is a strong bullish signal. Moreover, the pair broke out the previous resistance level/upper limit of the local range. Considering all these factors, we should consider extremely long positions with this instrument.

Purchases can be opened after a small and smooth downward price correction to get a better entry point to the market. A stop loss should be set slightly below the beginning of a sharp volume price growth. The potential of the deal is more than 100 points.

GBP/USD

The Pound also indicated a keen surge and is currently testing the level of resistance/the upper boundary of the local range 1.2797. The growth was on the large volume, so that we can regard a scenario of its breakout, which will allow us to open long positions.

The upward movement should be abrupt and supported by the large volume, which will be a more secure signal for entering the market. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 130 points.

USD/JPY

The Yen goes on trading inside the local range between the level of support 107.28 and the level of resistance 109.46. Thus, our previous scenario remains relevant: we can open new positions only after the keen and confident exit of the price from the range. The movement must be supported by the large volume, which will be a more precise and secure signal for entering the market.

USD/CAD

The Canadian dollar carried on, but after the creation of the new support 1.3183, corrected upwards. However, there is a strong local downtrend + the rise was smooth and on the small volume, so that we still should give advantage to sales. Sales can be opened after a resumption of the fall and a sharp breakdown of the new support level. The move must be supported by the large volume. A stop loss should be placed above the breakdown volume bar. A potential of the deal is more than 100 points.

AUD/USD

The Australian dollar grew up yesterday, furthermore, the move was on the increased volume. We also should allocate the level of support 0.7117, which contains the large volume. Thus, we should give preference to 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 below the support. A potential of the deal is more than 80 points.

XAU/USD

The price renewed its surge yesterday. Besides it, the rise was keen and supported by the large volume, which is a strong bullish signal. So now we should consider a scenario of opening long positions with this instrument.

Purchases can be opened after a smooth correction of the price down, in order to obtain a more profitable entry point. A stop loss should be placed below the beginning of the sharp rise. A potential of the deal is more than 150 points.

The sentiment: this indicator fully affirms all our trading scenarios today, which is a great additional signal. As with USD/JPY, we should wait for the exit of the price from the local range and only after that we can open new positions.

Hello there, just became aware of your blog through Google, and found that it’s really informative.
I’m gonna watch out for brussels. I will appreciate if
you continue this in future. Many people will be benefited from your
writing. Cheers!

With havin so much content and articles do you ever run into any problems of plagorism or copyright infringement?
My website has a lot of unique content I’ve either authored myself
or outsourced but it appears a lot of it is popping it
up all over the internet without my permission. Do you
know any techniques to help reduce content from being stolen? I’d genuinely appreciate it.

Simply wish to say your article is as surprising. The clarity on your submit is just nice and i could assume you are a professional in this subject.
Fine with your permission allow me to snatch your RSS feed to keep up to
date with forthcoming post. Thanks a million and please continue the enjoyable
work.

I’ll right away clutch your rss feed as I can’t in finding your e-mail subscription link or
newsletter service. Do you have any? Kindly permit me know so that I may subscribe.
Thanks.

I’m pretty pleased to uncover this web site. I need to to thank
you for ones time just for this fantastic read!! I definitely appreciated every bit of it and I have you book-marked to look at new things in your website.

May I simply say what a comfort to uncover an individual who genuinely
knows what they’re discussing on the internet. You actually understand how to bring an issue to light and make it important.
A lot more people have to check this out and understand this side of the
story. I can’t believe you aren’t more popular since you certainly have the gift.

I was suggested this web site by my cousin. I’m not sure whether this post is written by
him as no one else know such detailed about my trouble.

You are wonderful! Thanks!

15 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *