The dollar / Swiss franc currency pair has a chance for a downward correction after strong gains. Today’s data is projected for a significant reduction in retail sales may cause a downward correction. According to forecasts, the situation in America is getting worse, so the weakening of the dollar mayContinue Reading
The currency pair has entered a new downward trend and we are considering this position. The picture shows a condition that must be met for me to consider a long position. As always, we hedge against the main trend quickly. If we want to hold positions longer, it is worthContinue Reading
The British pound has recently weakened slightly against the US dollar. It was influenced by several factors that currently have a chance to work the other way. Today’s data for America indicate a significant deterioration in retail sales, which may be the beginning of the dollar’s weakening again. Additionally, theContinue Reading
Welcome to the next Monday market review. Today it will be short because health reasons oblige me to visit the doctors. Gold in the m30 interval is close to local support. This level will be of interest to me if the price reaches it and rebounds with a retest. InContinue Reading
The New Zealand currency, after a fairly strong slump, is in the upward correction phase. Why am I writing corrections? As you can see a strong break in the last lows and supports, we have a chance for a longer downward move. If you look at the one-day chart, youContinue Reading
The dollar in recent days has been gaining strength to such an extent that it has reached the designated resistance at which the price stopped. At the moment, a possible scenario for a correction with the range marked on the image next to the channel line. If we overcome theContinue Reading
The euro reacted to the slight weakening of the US dollar. We see a correction and we can expect a lot of uncertainty by 1.30 pm European time. A designated line can give you a chance to enter and earn a few pips. Personally, he does not trade when theContinue Reading
Yesterday’s gold behaved as we expected. From the lower M15 timeframe I showed the level where the price broke our resistance line and exited the wedge and made a retest. In the same picture, I marked a possible level where the price may break our support. The main assumption isContinue Reading
I considered the earlier declines of the currency pair as a temporary collapse due to high optimism among investors. The painted oRGR caused a different thinking from the one I assumed after the information from European bosses about the too strong Euro currency. At the moment you can see thatContinue Reading
The US dollar / Canadian dollar currency pair may show investors a slight turmoil today. Data for the US is forecasted for an improvement in the economic situation, which may eventually lead to a move beyond the resistance zone and the formation of the right side of the arm. AfterContinue Reading
