Volumetric analysis on February 04

EUR/USD

In terms of volume analysis, EURUSD is now declining from resistance 1.1485-1.1515 to support 1.1328-1.1290. These boundaries are based on the extreme traded amounts of the current futures contract. In other words, there is no trend structure in the movement of the pair. A couple in the side, with marked boundaries. It is worth highlighting the maximum amount of this outset. It is in the range of 1.1432-1.1390. It turns out that about trends, and serious purchases or sales, it is worth thinking only on the fact of a breakdown 1.1515 or 1.1290, respectively. But today, on Monday, on the day when the economic calendar is empty, the movements are unlikely to be volatile, so we will try to implement the script of last week, particularly the technical retreat from the zone with a large volume of 1.1432-1.1390, to the resistance line, 1485. The emergence of prices below 1.1390 ​​will say that buyers do not have any initiative, but you should not proceed to sales.

USD/CAD

The impulse breakdown of support, the probability of which we spoke on Friday, took a place. So far, there are no signs that this is false breakdown. Therefore, we will try to implement the idea to continue the trend movement down. Moreover, the volume that was recorded in the range of 1.3110-1.3160 ​​is the maximum. That is, overcoming the price mark of 1.3160 ​​will say that the breakdown is false and should not be sold anymore. In the meantime, downward movement is a priority. The target for the fall can be taken 1.3035. And accordingly, given that there is no macroeconomic news, in today's publication, it is advisable to find a good entry point in the resistance zone.

 


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