Volumetric analysis on February 01

EUR/USD

Yesterday's high-risk idea did not materialize. We saw a weakening of the single European currency during the American trading session. Is it a possible trend reversal? We won’t guess, just pay attention that the volume gained in the price range of 1.1432-1.1390. Therefore, the likelihood that here is an open interest of buyers. This means that you can try to implement yesterday's trading idea. This is a search for entry points and a purchase from the balance of 1.1432-1,1390. However, due to upcoming news events, the goal should be adjusted to 1.1485 and not expect to update the highs. At least this week.

GOLD

During yesterday's trading session in the price range of 1319-1326 a serious volume was traded. In the updated futures contract, it is commensurate with the fact that it has been traded in the boundaries of 1312-1306. Thus, there is reason to believe that a trend reversal can take a place. And those goals that we laid yesterday may be postponed for a long period. However, it is too early to assume that this is exactly a reversal. We will talk about sales if the price falls below 1306. And certainly not this week. In the meantime, from the balance of 1312-1306 we can consider purchases with a target of 1319. Also, up to the resistance, and not suggesting a maximum update.

 


Do you want to practice and test the analyst's assumptions? Open a demo account in ARUM Capital!

If you are confident in your abilities and consider the risks, you can open a real account for trading.

Open a demo account   Open a real account

 

 


Care. The provided market analysis materials are a professional opinion of an associate of ARUM CAPITAL. These materials are provided for infomation purposes only. In no way can the provided analysis be considered as an action signal, neither is it any sort of investment advice (for the purposes of EU Directive 2004/39/EC). ARUM CAPITAL waives any liability for the trading results which may arise after using these reviews. These materials contain NO warranties or guarantees, either direct or implicit, on the precise, complete or confirmed character of the details they contain.

Thank you! Your request has been sent. Our team will contact you shortly.