The last time volume looked forex the EURUSDprice had been rising on above average volume and SSI was a respectable We looked at the pair with a bullish bias even though analysis, the Euro looked like it could be in trouble. Since that publication, the EURUSD has climbed pips higher, it's daily trading volume broke a 4-year record, and its Speculative Sentiment Index reading almost broke This article will look at what these circumstances mean for the pair moving forward. It volume free for real FXCM account holders, but is also free for anyone using a two week trial: This free software can be downloaded here and a free demo login can be acquired here. Real Volume is a default indicator that can be added to your charts. EURUSD Volume Hits 4-Year High During Breakout - Bullish. When we strip down volume based strategies to their core, they generally look for what direction price is moving when volume is at its highest. The rationale is that the more volume traded during a particular move, the more conviction the volume had. So when we see major breakouts to the upside in the EURUSD when volume hits record levels, this is certainly something that warrants our attention. The daily chart below shows how the Euro broke out of a one and a half month range on exceptional trading volume. In fact, yesterday, we saw more EURUSD traded than any other day in the last 4 years at FXCM, a remarkable stat. Coupled with the fact that the previous two bullish moves also occurred on above average volume, it begins to paint a picture analysis just how bullish the EURUSD has become. Created using Marketscope 2. Even though the Euro is over pips off its low, it still might have some legs to move further north. Forex Speculative Sentiment Index or SSI is a contrarian tool where we look to take trades that are opposite of its reading. So during times when SSI is positive, we would look for sell trades and when SSI is negative, we would look for buy trades. The inverse relationship that SSI has with price might point us towards a higher EURUSD. An SSI value of -3 is the lowest SSI value we have seen for almost the last months. As retail traders are stopped out of their trades, this could push the EURUSD higher as short sellers will need to buy to cover. Screen capture from DailyFXPlus. I have mentioned during the past few weeks about my long position on the EURUSD. I have been uncomfortable due to the fundamental situation between Greece and the rest of the Eurozone. But so far, SSI and volume has been spot on and I will continue with my long position until they tell me otherwise. As always, perform your own due analysis and trade using sound money management. Also, feel free to utilize a demo account to practice trading risk-free before trading with real money if you are just starting out. To contact Rob, email rob fxcm. Video Lessons Free Forex Training. Trading Using Fibonacci Reading the RSI, Relative Strength Index Money Management Principles Trade Like a Professional Workshop 1: DailyFX provides forex news and technical analysis forex the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from FXCM. Markets open in forex hrs 42 mins. DailyFX May 2, EURUSD trading volume at FXCM hit a 4-year high A new swing high was made on extreme volume EURUSD SSI closing in on -3, a bullish signal The last time we volume at the EURUSDvolume had been rising on above average volume and SSI was a respectable EURUSD Volume Hits 4-Year High During Breakout - Bullish When we strip down volume based strategies to their core, they generally look for what direction price is forex when volume is at its highest. Recently Viewed Your list is empty. What to Read Next. Just 1 in 5 support Trump's move to fire Comey. It's analysis Something else Thank you for helping us improve your Yahoo experience It's not relevant It's distracting I don't like this ad Analysis Done Why do I see ads? Learn more about your feedback.
Ours is still better for UK students because we make it our primary concern to adhere to British style guides and educational standards, not only language requirements.
And to say that there is no room for ambition is a misunderstanding of the new social paradigm.
Ours is still better for UK students because we make it our primary concern to adhere to British style guides and educational standards, not only language requirements.