Skip to content
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
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
The Weekly Volume Report: High Turnover Euro Capitulation

The Weekly Volume Report: High Turnover Euro Capitulation

Kristian Kerr, Sr. Currency Strategist

Talking Points

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

Daily Volume Chart: EUR/USD

The Weekly Volume Report: High Turnover Euro Capitulation

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD continues to trade in a sideways to lower range
  • Well above average volume spikes at recent lows warn of a possible near-term downside capitulation
  • The contraction in daily OBV suggests a directional spike is looming
  • A close back over 1.1240 on above average volume is needed to turn the outlook positive again on the euro

Daily Volume Chart: USD/JPY

The Weekly Volume Report: High Turnover Euro Capitulation

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY has come under steady pressure over the past few weeks
  • However, volume has also declined during this time which suggests the decline is only a correction against the primary trend
  • The pickup in daily OBV is a concern
  • A close under 120.30 on above average volume would turn us negative on the pair

Daily Volume Chart: GBP/USD

The Weekly Volume Report: High Turnover Euro Capitulation

Charts Created using Marketscope – Prepared by Kristian Kerr

  • GBP/USD has come under steady pressure these past few weeks
  • Daily volume has also declined during this time which is not indicative of a broader downside resumption
  • However, the sharp drop in daily OBV is a concern
  • A daily close back over 1.5575 on above average volume is needed to turn the outlook positive on the pound again

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