Market Review 02.05.2014 (EUR,GBP,AUD,CAD,CHF,JPY,RUB)
EUR/USD
Euro showed purpose and the price went back to 1.3860. Large volume yesterday was not. I consider that the price will return to the area and will continue to rise 1.3845-3855 above 1.3888. I'll go into a long position with a stop at 1.3815.
GBP/USD
Pound showed 1.6918. I continue to consider the growth of the currency pair higher, but only after the price will return to the area 1.6850-6860. I will open long positions with a stop 1.6805 and purpose is 1.7050.
AUD/USD
Price stood all day in a given interval and the price is in the zone of accumulation volumes 0.9240-9300. Current accumulation zone volumes larger than the top. I'll wait for price move above the 0.9300 and will buy to retest 0.9275.
USD/CAD
Price completed yesterday's review showing the price above 1.0980. Price is back again in the accumulation zone 1.0940-0980. I consider that the price will go below 1.0940.
USD/CHF
Price returned to the lower boundary movement 0.8780-8850. Currency pair will continue to fall below 0.8770. I'll go into the short positions in the area 0.8810 with a small stop.
USD/JPY
Jena is in the zone of accumulation volumes 102.00-102.60. The price can go up as there is no large volumes. But I hold a short position with a stop 102.65 and targets below 101.85. I will open another position, if price will show large volumes on top.
USD/RUB
The market is closed.
EUR/USD
Euro showed purpose and the price went back to 1.3860. Large volume yesterday was not. I consider that the price will return to the area and will continue to rise 1.3845-3855 above 1.3888. I'll go into a long position with a stop at 1.3815.
GBP/USD
Pound showed 1.6918. I continue to consider the growth of the currency pair higher, but only after the price will return to the area 1.6850-6860. I will open long positions with a stop 1.6805 and purpose is 1.7050.
AUD/USD
Price stood all day in a given interval and the price is in the zone of accumulation volumes 0.9240-9300. Current accumulation zone volumes larger than the top. I'll wait for price move above the 0.9300 and will buy to retest 0.9275.
USD/CAD
Price completed yesterday's review showing the price above 1.0980. Price is back again in the accumulation zone 1.0940-0980. I consider that the price will go below 1.0940.
USD/CHF
Price returned to the lower boundary movement 0.8780-8850. Currency pair will continue to fall below 0.8770. I'll go into the short positions in the area 0.8810 with a small stop.
USD/JPY
Jena is in the zone of accumulation volumes 102.00-102.60. The price can go up as there is no large volumes. But I hold a short position with a stop 102.65 and targets below 101.85. I will open another position, if price will show large volumes on top.
USD/RUB
The market is closed.