Andrew Olshanetskyi, Author at TriumphFX Analysis

30
Mar

Daily Technical Forex Forecast 30.03.2017

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD EUR/USD broke down its support zone and continued falling on increased volume. It tells us that buyers don’t have enough power to support the price and bears are dominating the market now. There are no new volumetric levels, but we need to note the bearish momentum that was on …

29
Mar

Daily Technical Forex Forecast 29.03.2017

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD After the release of good macroeconomic data for the economy of the USA, EUR/USD started its correction and now is trading inside its level of support 1239.60 – 1242.60. It is necessary to note that the fall was on low volume, so it’s too early to consider a reverse …

27
Mar

Daily Technical Forex Forecast 28.03.2017

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD Having opened with a gap after the weekend, EUR/USD had continued its growth up to the American session when it corrected after an appearance of bid deltas. Volume during the correction was not large enough to consider a market reversal or a possibility to sell the instrument. Also, the …

25
Mar

Weekly Technical Forex Forecast 27-31.03

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD EUR/USD is still trading inside its local consolidation near the level of resistance 1.0795 – 1.0816 which is a cornerstone in trading this instrument. We need to note that there is a huge volumetric accumulation in the consolidation that does not allow the rice to continue further growth. Anyway, …

23
Mar

Daily Technical Forex Forecast 24.03

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD EUR/USD is trading in the consolidation a bit lower its level of resistance 1.0793 – 1.0816 now. This level remains our cornerstone in trading this instrument and of course, long positions are still in priority, because a little correction of the price was without volume. Our previous scenario is …

22
Mar

Daily Technical Forex Forecast 23.03.2017

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD EUR/USD has not been able to break through the resistance level of 1.0795 – 1.0816 for two straight days. This level contains large volume that stopped the growth of the instrument. In addition, if you look at the D1 chart, it is clear that even this level is the …

21
Mar

Daily Technical Forex Forecast 22.03.2017

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD EUR/USD broke out the level of resistance with a further fixation above it. Also it is necessary to note a little consolidation near the local maximum – 1.0793 – 1.0816 where pretty high volume is concentrated. This level can’t be considered as support or resistance, but we can make …

Daily Technical Forex Forecast 21.03.2017

Posted ByAndrew Olshanetskyi Category Daily FX Analysis Date March 20, 2017

EUR/USD EUR/USD continues trading in the little consolidation a bit below its resistance level 1.0769 – 1.0781, which is our cornerstone in trading this instrument. The price tried to break this level, but failed and went down after the test, thus, this fall was on low volume, so our scenario …

19
Mar

Weekly Technical Forex Forecast 20-24.03

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD Despite expectations the US dollar weakened after the rate hike and FED press-conference last Wednesday. This occasion caused a huge growth of the EUR/USD currency pair and a creation of the support level 1.0669 – 1.0685. This level is very important, it’s the fixation zone of buyers, it means …