Daily Technical Forex Forecast 30.05.2019


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 keen, confident 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 100 points.

GBP/USD

The Pound demonstrated a sharp fall and now is trading near the level of support/local minimum 1.2607 – 1.2617. Hence, we can reckon a scenario of its breakdown, which will allow us to open short positions.

The sink of the price must be keen, confident and supported by the large volume, which will be a more accurate and 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 120 pips.

USD/JPY

The price corrected upwards yesterday. The correction was on the increased volume and now the pair is located inside the local range between the support 109.10 and the resistance 110.62. Therefore, the best solution with the Yen is just to wait for a breakout of one of these levels and sharp exit of the price from the range and only after that we can open new positions. The movement must be supported by the large volume, which will be a more accurate signal for entering the market.

While the price is trading inside this range, we’d better stay out of the market.

USD/CAD

The Canadian dollar showed a sharp rise on the large volume and broke out the previous level of resistance, which is a great bullish signal. On the other hand, the price corrected down after the formation of the new volume level 1.3539. Therefore, we can open long positions only after the sure breakout of this mark. The move must be supported by the large volume, which 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 110 points.

AUD/USD

The Australian dollar is testing the level of resistance 0.6932, so that our previous scenario remains actual: we can consider a scenario of its breakout, which will allow us to open long positions. The surge must 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 70 points.

XAU/USD

Nothing has changed with gold as the price is still trading inside the local consolidation between 2 strong volume levels. The first one is the support 1267.30, the second one is the resistance 1301.00.

Hence, our previous scenario remains relevant: we can open new positions only after the sharp exit of the price form it. Moreover, the breakout movement must be confident and supported by the large volume, which will be a more accurate signal for entering the market.

While the price is trading inside this range, we’d better stay out of the market.

The sentiment: this technical indicator totally confirms our scenario with EUR/USD, GBP/USD and USD/CAD, which is a good additional signal for us. The situation with AUD/USD is opposite, hence, we should be more careful. As with other instruments, we can open new positions only after the sharp exit of prices from local consolidations.

Please let me know if you’re looking for a article writer for your site.
You have some really good articles and I think I would be a
good asset. If you ever want to take some of the load off, I’d
love to write some articles for your blog in exchange for a link back
to mine. Please blast me an e-mail if interested. Regards!

It is perfect time to make some plans for the future and it is time to be happy.
I’ve read this post and if I could I desire to suggest you
some interesting things or advice. Perhaps you can write next articles referring to this
article. I want to read more things about it!

Hi there just wanted to give you a quick heads up.
The words in your article seem to be running
off the screen in Internet explorer. I’m not sure if this is a format issue or something to do with web browser compatibility but I
thought I’d post to let you know. The design look great
though! Hope you get the problem resolved soon. Cheers

It’s a pity you don’t have a donate button! I’d certainly donate to this
brilliant blog! I guess for now i’ll settle for
book-marking and adding your RSS feed to my Google account.
I look forward to new updates and will share this site with my Facebook group.
Talk soon!

When someone writes an piece of writing he/she keeps
the idea of a user in his/her brain that how a user can understand it.
So that’s why this article is great. Thanks!

It’s actually a great and useful piece of info. I’m happy that you just shared this helpful information with us.
Please stay us up to date like this. Thank you for sharing.

I have been browsing online more than three hours today, yet
I never found any interesting article like yours.
It’s pretty worth enough for me. Personally, if all website owners
and bloggers made good content as you did, the net will be a lot more useful than ever before.

A fascinating discussion is worth comment. I
do believe that you need to publish more on this subject, it may not be a taboo matter but typically people do not talk about these
topics. To the next! Many thanks!!

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 problem. You’re incredible!
Thanks!

It is appropriate time to make some plans for the long run and it
is time to be happy. I have learn this post and if I could I want to
suggest you some fascinating issues or advice.
Perhaps you can write subsequent articles relating to this article.
I want to learn more things about it!

Hello there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but
I’m not seeing very good results. If you know of any please
share. Appreciate it!

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.

Hi there, I found your site by way of Google at
the same time as searching for a comparable subject, your website
got here up, it seems to be good. I have bookmarked it in my google bookmarks.

Hi there, simply became aware of your blog through Google, and located
that it is truly informative. I am going to watch out for brussels.
I’ll appreciate in the event you proceed this in future. Numerous other people might be benefited from your
writing. Cheers!

We’re a group of volunteers and opening a brand new scheme in our community.
Your website provided us with valuable info to work on. You have done an impressive activity and
our entire community shall be grateful to you.

I do accept as true with all of the ideas you’ve offered in your post.

They’re really convincing and can definitely work.
Nonetheless, the posts are very quick for novices.
Could you please extend them a little from subsequent time?
Thanks for the post. plenty of fish natalielise

Thanks for ones marvelous posting! I quite enjoyed reading it, you could be a great author.I will
ensure that I bookmark your blog and definitely will
come back sometime soon. I want to encourage you continue your great work, have a nice day!

I must thank you for the efforts you have put in writing this site.
I really hope to view the same high-grade blog posts by you later on as well.

In truth, your creative writing abilities has inspired me to get my own, personal blog now 😉

Thanks on your marvelous posting! I seriously enjoyed reading it, you are a great author.I will be sure to bookmark your blog and will eventually come back someday.
I want to encourage you continue your great work,
have a nice weekend!

It is appropriate time to make some plans for the longer term and it
is time to be happy. I’ve learn this publish and if I may I desire
to counsel you few attention-grabbing issues or tips.

Perhaps you could write subsequent articles referring to this article.
I want to read even more issues about it!

I’m very happy to find this great site. I want to to thank you for your time
for this wonderful read!! I definitely liked every little bit of it and I have you book-marked
to see new stuff in your website.

Appreciating the persistence you put into your website and in depth information you provide.
It’s awesome to come across a blog every once in a while that isn’t the same
unwanted rehashed information. Wonderful read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

This is really interesting, You are a very skilled blogger.
I have joined your rss feed and look forward to seeking more of your
magnificent post. Also, I have shared your website in my social networks!

I’m really enjoying the design and layout of your site.

It’s a very easy on the eyes which makes it much more enjoyable for me
to come here and visit more often. Did you hire out a designer to create your theme?

Outstanding work!

I have to thank you for the efforts you have put in writing this website.
I really hope to check out the same high-grade content by you later on as
well. In fact, your creative writing abilities has encouraged me to get
my own blog now 😉

Howdy! This is my first visit to your blog! We are a team of volunteers and starting a new project in a community in the same niche.
Your blog provided us useful information to work on. You have done a marvellous job!

86 Comments

Leave a Reply

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