Month: May 2019

EUR/USD Nothing has changed with the Euro as the price is trading near the level of support 1.1112 – 1.1120. Hence, our previous scenario remains relevant: we may reckon a scenario of its breakdown, which will be a great bearish signal. The fall of the price must be keen and …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD has reversed around the horizontal level at 0.6935. Price continues to be indecisive. The moving averages confirm the market indecision – they have been crossing frequently and are moving sideways. Trading opportunities may exist around the …

EUR/USD The Euro demonstrated an abrupt drop supported by the large volume and now is testing the level of support/lower boundary of the local consolidation 1.1112 – 1.1120. Thus, we can and should a scenario of its breakdown, which will allow us to open short positions. The movement must be …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, price reversed off the horizontal level at 0.6910. The AUDUSD continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they are tightening and are moving sideways. Trading opportunities could exist around …

EUR/USD The Euro showed an abrupt fall yesterday, but the price is still locked inside the local consolidation between 2 strong volume levels. The first one is the support 1.1112 – 1.1120, the second one is the resistance 1.1266 – 1.1276. Therefore, we can open new positions only after the …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD has been finding resistance around 0.6930. Price continues to be indecisive and lack trend momentum. The moving averages have been crossing frequently and are moving sideways – confirming the market indecision. Trading opportunities may exist around …

EUR/USD Nothing has changed with the Euro as the price is still located within the local consolidation where the large volume is concentrated. The boundaries of the range are the level of support 1.1112 – 1.1120 and the level of resistance 1.1266 – 1.1276. Thus, we can consider new positions …

  AUDUSD – 1 Hour Chart   Price continues to be indecisive and lack trend momentum. Trading opportunities could exist around the identified horizontal levels at 0.6865, 0.6890, 0.6910, 0.6930, 0.6935 and 0.6970. The moving averages are bullish and widening, suggesting that the AUDUSD may attempt a bullish move. The Reserve Bank …

  AUDUSD – 1 Hour Chart   As suggested in Friday’s chart analysis, the AUDUSD has been finding resistance around 0.6935. Price continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they have been crossing frequently. Trading opportunities may exist around the moving averages …

EUR/USD The Euro continued correcting upwards on Friday and is trading within the local range between the support level 1.1112 – 1.1120 and the resistance level 1.1255. It should also be noted that the large volume is concentrated in this consolidation, so we may assume that big players are gaining …