Euro analysis:
Results of the last week:
First half of the last week as it was predicted the market was in declining trend and has tested the price 1.4014 then turn back to 1.4273.
Having analysed last week from the point of view of the Market Profile and volumes the forecast for this week is following:
http://savepic.ru/741501m.png
Main levels are specified on pic. 1 - are maximum volumes of each day from last week, the basic area of volume accumulation is in a price range 1.4177 -1.4167 - it is a range where the majority of investors has placed their positions and it is priority level. Maximal price of this contract is 1.4307 - as soon as it will be breaken, many investors will start to open long positions, but also some large players can take advantage of it . Not to become part of this game I reccomend to wait for good correction to important levels and only then to make the decision for entering or not. Some levels that will be important 1.4242 and 1.4177.
If market will keep declining tendency - we will wait for formation of large maximal volume of day, and look for shorts below it.
1.4177 - 1.4167 - from this range it is possible to do short positions to max volume of Wednesday, and long positions to volume of Monday.
http://savepic.ru/775294m.png
On the pic. 2 you can accurately see all basic price ranges of each day of the last week.
Results of the last week:
First half of the last week as it was predicted the market was in declining trend and has tested the price 1.4014 then turn back to 1.4273.
Having analysed last week from the point of view of the Market Profile and volumes the forecast for this week is following:
http://savepic.ru/741501m.png
Main levels are specified on pic. 1 - are maximum volumes of each day from last week, the basic area of volume accumulation is in a price range 1.4177 -1.4167 - it is a range where the majority of investors has placed their positions and it is priority level. Maximal price of this contract is 1.4307 - as soon as it will be breaken, many investors will start to open long positions, but also some large players can take advantage of it . Not to become part of this game I reccomend to wait for good correction to important levels and only then to make the decision for entering or not. Some levels that will be important 1.4242 and 1.4177.
If market will keep declining tendency - we will wait for formation of large maximal volume of day, and look for shorts below it.
1.4177 - 1.4167 - from this range it is possible to do short positions to max volume of Wednesday, and long positions to volume of Monday.
http://savepic.ru/775294m.png
On the pic. 2 you can accurately see all basic price ranges of each day of the last week.
skype: aleksey_trader