Andrew Olshanetskyi, Author at TriumphFX Analysis

10
Aug

Weekly Technical Forex Forecast 12-16.08.2019

Posted ByAndrew Olshanetskyi Category Analysis Aside

EUR/USD The Euro continues trading within the local range between 2 strong levels: the support 1.1170 and the resistance 1.1240. It is also necessary to highlight that the large volume is concentrated inside this consolidation. Given all these factors, we can open new positions only after a confident and rapid …

9
Aug

Daily Technical Forex Forecast 09.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro is still locked inside the local range between the support 1.1170 and the resistance 1.1240. Thus, our previous scenario remains relevant: we can open new positions only after the sharp exit of the price from it. Furthermore, the breakout movement must be confident, keen and supported by …

8
Aug

Daily Technical Forex Forecast 08.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro corrected downwards and is currently located inside the local consolidation between 2 strong volume levels. They are the level of support 1.1170 and the level of resistance 1.1240. Thus, we can open new positions only after the confident exit of the price from this local range. The …

7
Aug

Daily Technical Forex Forecast 07.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro resumed growing after the formation of the new level of support 1.1170. This level contains the large volume; we can see it here. Hence, we can use it as a good place for a stop loss. We can enter the market and open long positions after a …

6
Aug

Daily Technical Forex Forecast 06.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The price demonstrated a confident and sharp growth and broke out the previous level of resistance, which is a good bullish signal. On the other hand, the movement was on the small volume, therefore, we can’t allocate any new volume levels or zones. Nevertheless, we still should give advantage …

3
Aug

Weekly Technical Forex Forecast 05-09.08.2019

Posted ByAndrew Olshanetskyi Category Analysis Aside

EUR/USD The Euro continued correcting upwards, but the movement was on the average volume, so we can’t open long positions now. Moreover, the pair is trading below resistance level 1.1104 – 1.1114, in which the large volume is concentrated. Thus, we should give preference to sales. Short positions can be …

1
Aug

Daily Technical Forex Forecast 01.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The price demonstrated a huge drop supported by the large volume and broke out the previous level of support, which is a great bearish signal. Besides it, we need to point out the new level of resistance, which was created during this move. It’s 1.1104 – 1.1114. Hence, we …

30
Jul

Daily Technical Forex Forecast 30.07.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro slightly corrected upwards yesterday, but is still located near the level of support/local minimum 1.1109. Hence, our previous scenario is still relevant: we may reckon a breakdown of this mark, which will allow us to open short positions. The drop of the pair must be confident, keen …

28
Jul

Weekly Technical Forex Forecast 29.07-02.08.2019

Posted ByAndrew Olshanetskyi Category Analysis Aside

EUR/USD The Euro has resumed its decline and is now trading near the support/local minimum 1.1109. Given the presence of the strong local downtrend, we can consider a scenario of the breakdown of this mark, which will allow us to open short positions. The breakout movement must be confident, rapid …

26
Jul

Daily Technical Forex Forecast 26.07.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD After the formation of the new level of support 1.1109, the price sharply corrected upwards. Nevertheless, after the appearance of the strong and large volume at the top of this movement, the price resumed falling. Now the pair is located near this mark. Given the presence of the strong …