Volumetric analysis on September 11

GBP/USD

Due to the Brexit theme we see quite a storm in quotations, and almost every day the market structure is changing. However, we assume that there will not be another sharp change in the next few days, we will continue to adhere to the structure that now exists. Moreover, news related to Britain's exit from the European Union support pound. We draw attention to the fact that yesterday the quotes closed at the high of the day, and support of 1,3010-1,2995 played did not allow the price to roll back below. In general, this is reason to believe that the upward trend is strong and we can expect the price rise to 1,3100, and possible correction will not be lower than 1,2995. However, if this happens, then it makes sense to prepare for a serious rollback to 1.2950-1.2900, where we should also wait for the reaction of the price and the rebound upwards.

AUD/USD

The situation has not changed much, although we saw an attempt to break down, which was today in the Asian session. The area of 0.7135-0.7170 can still play resistance, since the volume that has been aggregated there are maximum. And even the fact of breakdown at the level of 0.7170 is not a sign of a change in trend. Since the main force moving the quotes down, is located in the price range 0.7240 -0.7135. Therefore, the downward movement is our priority, and one of the most potential targets is 0.7080.

USD/CHF

The pair has a larger lateral structure than the trend one. The resistance of this sidewall is located in the range of 0.9740-0.9775 and only breakdown at 0.9775 will indicate the development of some trend, and will allow to expect growth to the level of 0.9815. But according to the classical technical analysis interpretation, you can count on movements in the outset. Rebound from the resistance and the movement towards the support at 0.9690. In addition, it is not necessary to count on particularly serious movements, since the expiration of the main currency futures, which will take place on September 19, is ahead of the pair, and most likely, before this date will be traded inside the designated outset.

 

 

 


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.