Daily Technical Forex Forecast 04.09.2019


EUR/USD

After the formation of the new volume level of support 1.0935, the price sharply corrected upwards. The movement was supported by the increased volume and now the price is trading inside the local range between this mark and the previous level of resistance 1.0987 – 1.1002.

Hence, we can open new positions only after the confident breakout of one of these levels and the keen exit of the price from this consolidation. The movement must be supported by the large volume, which will be a more secure signal for entering the market.

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

GBP/USD

The same situation with the Pound as the price demonstrated an abrupt growth after the creation of the new support 1.1962 – 1.1974. Therefore, the price is still located inside the local range between the new support and the previous level of resistance 1.2306.

That’s why, we can consider new positions only after the sharp and confident exit of the price from this consolidation. Moreover, the breakout movement must be abrupt and supported by the large volume, which will be a more precise signal for entering the market.

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

USD/JPY

Nothing has changed here as the price continues trading inside the local range between the support 105.12 and the resistance 107.60. Thus, our previous scenario remains relevant: we can open new positions only after the keen exit of the price from the consolidation. Moreover, the breakout movement must be supported by the large volume, which will be a more reliable signal for entering the market.

While the price is locked inside this range, we’d better omit this instrument from our trading plan.

USD/CAD

The Canadian dollar showed a sharp downward correction after the creation of the new resistance level 1.3376. Now the pair is trading inside the local consolidation between this mark and the previous level of support 1.3252. Hence, we can open new positions only after the confident and abrupt exit of the price from it. Moreover, the breakout movement must be supported by the large volume, which will insure us against a fake breakout.

Until that, we’d better omit this instrument from our trading plan.

AUD/USD

The Australian dollar corrected upwards after the test of the level of support 0.6696. The move was keen and supported by the large volume, nevertheless, it’s still located within the local range between this mark and the level of resistance 0.6816. Thus, we can open new positions only after the sharp exit of the price from it. Moreover, the breakout movement must be supported by the large volume, which will be a more secure signal for entering the market.

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

XAU/USD

The price showed a confident growth and broke out the previous level of resistance, which is a good bullish signal. Moreover, the movement was supported by the large volume. Besides it, we need to allocate the new support 1535.00 – 1538.20.

Considering all these factors, we should give advantage to long positions. We can enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss should be placed below the support level. A potential of the deal is more than 300 points.

The sentiment: this technical indicator totally confirms our trading scenario with gold, which is a good additional signal for us. As with other currency pairs, we can open new positions only after the confident and keen exit of prices from local consolidations.

Hi this is kinda of off topic but I was wanting to know if blogs
use WYSIWYG editors or if you have to manually code
with HTML. I’m starting a blog soon but have no coding
expertise so I wanted to get guidance from someone with experience.

Any help would be greatly appreciated!

Hello very nice web site!! Man .. Beautiful .. Superb ..
I’ll bookmark your site and take the feeds also? I’m satisfied to find numerous helpful information right here in the publish, we need work out extra techniques on this regard, thanks for
sharing. . . . . .

Excellent goods from you, man. I’ve understand your stuff previous to and you’re just extremely
magnificent. I actually like what you’ve acquired
here, certainly like what you are stating and the way in which you
say it. You make it enjoyable and you still care for to keep it sensible.
I can not wait to read much more from you. This is really a wonderful site.

I have been surfing online more than 3 hours these days, yet I by no
means found any attention-grabbing article like yours.
It is pretty worth enough for me. Personally, if all webmasters and bloggers made just right content material as you did,
the web might be a lot more useful than ever before.

Have you ever considered about adding a little bit more than just your articles?
I mean, what you say is important and all. Nevertheless think about if you added some great graphics or video clips to give your posts more, “pop”!
Your content is excellent but with images and clips,
this site could undeniably be one of the greatest in its field.
Fantastic blog!

I do accept as true with all of the ideas you have offered for
your post. They are really convincing and will definitely work.
Still, the posts are very short for novices. May just you please lengthen them a
little from next time? Thank you for the post.

Pretty great post. I just stumbled upon your weblog and wanted to mention that I have truly loved
browsing your blog posts. In any case I’ll be subscribing on your rss feed and I am hoping you write once more soon!

I was recommended this web site by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my difficulty.

You are wonderful! Thanks!

My brother suggested I might like this website. He was totally
right. This post actually made my day. You cann’t imagine just how much time I had spent for this information!
Thanks!

We are a gaggle of volunteers and starting a new scheme in our community.
Your web site offered us with helpful info to work on. You’ve done a formidable process and our entire community shall
be thankful to you.

certainly like your web site however you have to test the spelling on quite a few
of your posts. Many of them are rife with spelling problems and I in finding
it very bothersome to inform the reality however I will surely come back
again.

Great blog! Do you have any tips and hints for aspiring writers?
I’m planning to start my own blog soon but I’m a little lost on everything.
Would you propose starting with a free platform like WordPress or go for a paid option? There are so many options out there that
I’m totally confused .. Any tips? Many thanks!

30 Comments

Leave a Reply

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