EUR/USD The Euro demonstrated an abrupt growth supported by the large volume. Besides it, we need to point out the new volume level of support, it’s 1.1112 – 1.1120. These are good bullish signals. On the other hand, the price is located in the middle of the local consolidation between …
24
May
May
Posted BySamuel Morton
Category Daily FX Analysis
AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, price has reversed around the horizontal level at 0.6865. The AUDUSD continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they are tight and are moving sideways. Trading opportunities could exist …
23
May
May
Posted ByAndrew Olshanetskyi
Category Daily FX Analysis
EUR/USD Nothing has changed with the Euro as the price is testing the level of support 1.1143. Therefore, our previous scenario remains actual: we can reckon a scenario of its breakdown, which will allow us to open short positions. The drop must be keen and confident, also supported by the …
23
May
May
AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD continues to find support around 0.6865. Price is still indecisive. Trading opportunities may exist around the moving averages and around the horizontal levels at 0.6865, 0.6890, 0.6910, 0.6935 and 0.6965. If the AUDUSD closes below 0.6865, …
22
May
May
Posted ByAndrew Olshanetskyi
Category Daily FX Analysis
EUR/USD The Euro showed an abrupt growth, but it was totally swallowed by the further drop and the price is trading near the level of support 1.1143. Thus, we may assume that buyers don’t have enough power to push the price upwards and sellers are still dominating the market. Thus, …
21
May
May
Posted ByAndrew Olshanetskyi
Category Daily FX Analysis
EUR/USD The Euro continued falling and now is testing the level of support 1.1143, which contains the large volume. Therefore, our previous scenario remains relevant: we should consider a breakdown of this mark, which will allow us to open short positions. The drop must be confident, keen and supported by …
21
May
May
Posted BySamuel Morton
Category Daily FX Analysis
AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, price has reversed off the horizontal resistance at 0.6935. The AUDUSD is down-trending but the moving averages are tightening and moving sideways – signalling market indecision. Trading opportunities could exist around the moving averages and around the horizontal …
20
May
May
AUDUSD – 1 Hour Chart As suggested in Friday’s chart analysis, the AUDUSD continued to be bearish and move lower. Price is down-trending and is currently in a retrace phase. Opportunities to go short may exist around the trend resistance area and around the horizontal levels at 0.6935 and …
20
May
May
Posted ByAndrew Olshanetskyi
Category Analysis Aside
EUR/USD The Euro showed a significant and sharp drop and is now trading near the support level 1.1121. Thus, we can consider a scenario of its breakdown, which will allow to open short positions. Sales can be opened after confident breakdown of the support level on the large volume, which …
17
May
May
Posted ByAndrew Olshanetskyi
Category Daily FX Analysis
EUR/USD The Euro continued falling, but is still located within the local consolidation between 2 strong volume levels. They are the support level 1.1121 and the resistance level 1.1255. Besides it, the large volume is concentrated within the range, so we may admit that big players are gaining new positions …