Talking Points
Get real time volume on your charts for free. Click HERE
Daily Volume Chart: EUR/USD
Charts Created using Marketscope – Prepared by Kristian Kerr
EUR/USD traded at its highest level in over two-months this past week
FXCM volume rose to its highest level in years over the last couple of days which is supportive of the advance
Daily OBV touched its highest level since early January
A close under 1.0860 on above average volume is needed to turn the outlook negative on the euro
Daily Volume Chart: USD/JPY
Charts Created using Marketscope – Prepared by Kristian Kerr
USD/JPY touched its lowest level in over a month before rebounding sharply this week
The uptick in volume over the past few days is positive
A divergence in daily OBV is also potsntially positive for the exchange rate
A close under 118.00 on above average volume would turn us negative on the exchange rate
Daily Volume Chart: USD/CAD
Charts Created using Marketscope – Prepared by Kristian Kerr
USD/CAD fell to its lowest level in three months this past week
The general rise in volume during this decline is supportive of the downtrend
The sharp decline in daily OBV is also supportive
A daily close above 1.2300 on above average volume is needed to turn the outlook more positive for funds
To receive Kristian’s analysis directly via email, please SIGN UP HERE.
— Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com
To contact Kristian, e-mail kkerr@fxcm.com. Follow me on Twitter @KKerrFX
The Weekly Volume Report: Euro Volume Surges
No comments:
Post a Comment