Daily Technical Forex Forecast 07.02.2019


EUR/USD

The Euro went on falling yesterday, but the movement was on the small volume, so that we can’t allocated any new volume level or zone. Moreover, the pair is located within the local consolidation between the support 1.1267 and the resistance 1.1585.

Thus, the best solution with the Euro is just to wait for the sure and keen exit of the price from the range and only after that we can consider new positions. The breakout movement must be sharp and supported by the large volume, which will be a more secure signal for entering the market.

Until that, we’d better stay out of the market.

GBP/USD

The Pound continued falling and now is testing the level of support 1.2938. Therefore, our previous scenario remains actual: we should consider a breakdown of this mark, which will be a great bearish signal.

The sink must be confident and keen, also supported by the large volume, which will insure us against a false breakdown and will be a more reliable signal for entering the market. A stop loss should be placed above the breakdown volume bar. A potential of the deal is more than 100 points.

USD/JPY

The Yen resumed its upward movement. The growth was sharp and now the pair is trading near the level of resistance/upper limit of the local range 110.04. Thus, we can consider a scenario of the breakout of this mark, which will be an excellent bullish signal and allow us to open long positions. The breakout movement must be swift and confident, as well as on the large volume, which will insure us against a false breakout and will be a more accurate signal to enter the market. A stop loss should be placed slightly below the breakout volume bar. The potential of the deal is more than 100 points.

USD/CAD

The Canadian dollar showed an abrupt growth and is trading near the level of resistance 1.3274. Hence, we can and should regard a breakout of this mark, which will be a good signal for opening long positions. The rise must be supported by the large volume, that will be a more accurate signal for entering the market. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 90 points.

AUD/USD

The Australian dollar demonstrated a sharp fall and is trading nigh the level of support 0.7084. Therefore, we can consider a breakout of this level, that will consent us to open short positions. The drop must be keen and supported by the large volume, which will insure us against a fake breakout. A stop loss should be placed above the breakdown volume bar. A potential of the deal is more than 80 points.

XAU/USD

Gold fell down yesterday, but is still located within the local consolidation between 2 strong volume levels. They are the support level 1297.00 and the resistance level 1325.80.

Hence, the best decision with gold is just to wait for the confident and abrupt exit of the pair from the consolidation and only after that we can open new positions. The breakout movement must be supported by the large volume, which will insure us against a fake breakout.

While the price is locked within the range, we’d better stay out of the market.

The sentiment: this technical indicator confirms all our trading scenarios today, that is a great additional signal for us. As with the Euro and gold, we should stay out of the market until the exit of prices from local consolidations.

I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

Pingback: sex treffen
Pingback: download messanger
30 Comments

Leave a Reply

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