News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
The Weekly Volume Report: Euro Volume Surges

The Weekly Volume Report: Euro Volume Surges

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • Euro sees highest volume in years
  • USD/JPY volume starts to rise supporting advance

Get real time volume on your charts for free. Click HERE

Daily Volume Chart: EUR/USD

The Weekly Volume Report: Euro Volume Surges

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

The Weekly Volume Report: Euro Volume Surges

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

The Weekly Volume Report: Euro Volume Surges

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 instructor@dailyfx.com. Follow me on Twitter @KKerrFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES