The British pound yesterday made another attempt to rebound, but unsuccessfully. Investors do not have enough strength to break the last highs in the H1 interval, which causes that the downward trend is stronger and stronger. Additionally Today we see how during the Asian session the price of the currencyContinue Reading
Welcome to the next Monday Forex review and beyond. GBPUSD We will start with the British pound because its situation after the weekend surprised me a bit. I was wondering whether to leave positions for the weekend but eventually closed. You can see that it was a good decision becauseContinue Reading
New Zealander’s to Canadian currency pair is currently consolidating on support. In the picture I present two possible price behaviors. After breaking the support, it is possible to continue the move to the 0.880xx price level because there the price reacted from the daily interval. After breaking the resistance youContinue Reading
The Canadian dollar is paired with the US dollar at all times in a designated downturn wedge pattern. Currently, I expect a downward correction, but the range I take into account for short positions is marked with a cross in the image.Continue Reading
After very long gains in crude oil, investors finally saw a correction. The current decline is almost equal to the largest correction in an uptrend. In a characteristic style for a rebound from the formation, price reacted almost immediately. We could see in the first image that there was alsoContinue Reading
The German DAX30 index was released by many people with the proverbial “bags”. Constant attempts to short positions have shown who the market is right. We are currently approaching an interesting level measured with a tool called fibonacci from its creator known as Leonardo Fibonacci, Filius Bonacci who was anContinue Reading
After yesterday’s FOMC statement and press conference we could see a large weakening of the US dollar against all currencies. Information on further support for the economy was not received optimistically. I perceive this growth impulse on the currency pair as the beginning of further increases. In my opinion, theContinue Reading
The European currency is still in a downward trend despite several attempts to rebound. We are currently seeing a reaction to the support that has kept the price on the same level since yesterday. At the moment, there is a chance for a long position when the price goes downContinue Reading
A new instrument that I decided to analyze because it has been in the circle of my interest for some time. You can see similar movements as in the DAX30 but in the NQ however they are more trending most of the time. Currently, from the H1 interval, we canContinue Reading
The current situation in gold is quite interesting because there has been a visible rebound and the local upward trend is maintained all the time. As long as we have lows higher and higher, the long positions are justified. In the case of breaking the marked line and breaking theContinue Reading
