Preferred direction: BUY Comment: This currency pair was looked for a promising short not so long ago, however, the buyer still manifests itself and most likely the growth will continue. Remember that on the market, trader should be flexible! Level 0.87757 is now considered as the first target, which is unlikely to delay the buyer for a long time and the...
Preferred direction: SELL Comment: The beginning of the week assumes the strengthening of the US dollar in all directions, including, of course, the Euro. This currency pair continues to be under the full control of the seller. At the moment, it is necessary to wait for the price to close below the level of 1.09623, which previously showed itself very well....
Preferred direction: SELL Comment: Recent buying ideas should be noted, as the setup formed at the beginning of the new week indicates the likely strength of the seller. The situation is somewhat reminiscent of the current situation for the Canadian, the idea for which was also published today (see ideas below). The formed balance to push right on the support...
Preferred direction: BUY Comment: The formed balance right at the resistance level of 1.33347 indicates a serious mood of buyers who are aiming to break through this level. In the very near future, most likely, market participants will be able to observe an upward impulse due to the sellers accumulated in the balance. Growth prospects locate at the resistance...
Preferred direction: BUY Comment: Analysis for metal is working out exactly and after the publication of data on the labor market, the instrument headed towards the previously set goals. To continue the upward momentum, buyers must at least close above the level of 1938.915. In general, medium-term goals are in favor of buyers so far, as we said earlier. ...
Preferred direction: SELL Comment: The sell-priority remains on the currency pair, however, a small addition in connection with the upcoming data on the US labor market. In this addition, it is assumed that at the time of the start of the data release, the US dollar will strengthen on all fronts, after which a reversal and a fall in the currency are expected....
Preferred direction: BUY Comment: Market participants are waiting for data on the US labor market, and it is pointless to try to "predict" the price movement. However, there is a very likely scenario, mainly based on their previous ideas for this currency pair. A downward movement towards the level of 1.09000 is expected, where Friday's buyers can show...
Preferred direction: BUY Comment: The plan for gold has fully worked out, and now, just like with the euro, you can start looking for buy-positions. At the moment, the focus of our attention stays near the level of 1938.915. However, before the growth, another small downward impulse is expected, at which the price may reach the level of 1920. The medium-term...
Preferred direction: BUY Comment: Finally, we can look for buy-position in the Euro. As we expected, the price fell a little under the level of 1.09623 towards the next potential sellers' target at 1.09000. This probability still remains, but it is already possible to start open buy-position, it would be optimal to break your position into three, that is, to...
Preferred direction: SELL Comment: At the moment, one of the most promising trades in the foreign exchange market. At the level of 0.87757, two false breakouts were formed, which promises a fall to mid-term lows at the level of 0.85696. It should be noted that the level of 0.87757 is a daily level, that gives it the most important value (breaking level). The...
Preferred direction: Neutral Comment: The sales provided in the previous trading ideas for metal have been fully worked out. However, most likely sellers will push the price a little lower to the level of 1938.915, which we also discussed earlier. There is also potential BUY-area there with upside potential to 1981.680. Thank you for like and share your views!
Preferred direction: SELL Comment: The currency pair has been pushing towards the support level of 1.09623, that most likely indicates continued sales. However, it can hardly be said that this is a medium-term perspective. At the moment, the fall limit is considered to the level of 1.09000, and that is more likely against the background of the release of data,...
Preferred direction: Neutral Comment: Sellers are in no hurry to push the price down from the level of 142.204, which is the upper border of the current trading range. At the moment, there is an attempt to fix the price above the level and further move up. It is now worth considering sales only when the price closes below the specified level. Thank you for...
Preferred direction: SELL Comment: The trading plan for gold remains in active work and works out positively. The instrument is confidently moving towards the level 1938.915. It is from this support that at least a pause is expected, and the main scenario so far suggests growth from this area. It is recommended to look at the longs there after false breakouts...
Preferred direction: SELL Comment: In our last trading ideas, we traded the pound long and after a short pause on this instrument, most likely, we should not expect short-term buy. You can look at them only at the level of 1.26989, at least. The week is full of macroeconomic data, so you should be prepared sometimes for sharp jumps in both directions. The...
Preferred direction: SELL Comment: The euro, as expected, fell to the support at 1.09623 and, most likely, the selling pressure will not weaken. The closest target to which the price can easily approach is 1.09000. Level 1.08485 is the second target for sellers. As mentioned earlier, most likely the instrument will be under pressure throughout the week, and...
Preferred direction: SELL Comment: The last trading idea in euro long has fully worked out, and it will be risky to continue holding long to 1.11221, as we noted earlier. Here, one can use partial fixation and transfer to breakeven, who is directly confident in the further upward movement. Now the optimal solution would be to take a break, since the instrument...
Preferred direction: SELL Comment: After a week of meetings of central banks, the currency pair came close to the level of 142.204. At the moment, a potential false breakout has been forming, and if the price closes below 142.204, we can expect a fall to 140.230, and even to the lower border of the current price range under consideration. Thank you for like...