GBPUSD The British Pound is currently in a consolidation phase, forming a triangle from which we will probably exit today. Yesterday I was very prepared to continue the upward move, but the positions were closed to zero due to the fact that nothing concrete happened. Today I am counting onContinue Reading

XAGUSD Silver slowed down a bit, defending the level it is on. We see the consolidation that we have marked in the rectangle. Normally, a price exit in one direction will give us a signal to the possible direction. Today we have to bear in mind that this is theContinue Reading

USDJPY Japan has a holiday today, Shōwa Day. In fact, it is the birthday of the reigning emperor from 1926 to 1989, but as you can see, he deserved the Japanese memory. It does not change the situation on the chart. Expected data for the US dollar may cause aContinue Reading

EURUSD The currency pair remains in a strong uptrend making slight corrections, thanks to which the channel was created. The trend is strong but I read every day that a lot of players try to take a short position without any foundation. However, today the USD expects quite strong macroeconomicContinue Reading

NZDCAD A currency pair in which the RGR pattern is being formed. Some say that a visible formation already provides an opportunity to trade. Others, on the other hand, are waiting for the entire formation to be drawn. Personally, I am waiting for the full formation with a correction becauseContinue Reading

USDCAD The above image with the presented macroeconomic data shows where we are. You can see that analysts expect the situation to improve in Canada and a slight deterioration in the US. The forecast for the US is not significant because at 20.00 EU time there will be a FOMCContinue Reading

USDCHF The currency pair is visibly weakening due to the weakening of the US dollar. This can be seen with almost every pair with which we observe the dollar. Currently, the chart shows that the price has reached the area of fibo 61.8 or fibo 50 measured from the lowestContinue Reading

Monday market review

We are starting the last trading week this month. Today, virtually no serious macroeconomic data is foreseen. Australia has a holiday today. On Thursday, Japan will have a holiday so during the European session one can expect a slightly different volatility than usual. DAX30 We start with the German indexContinue Reading

BTC The first cryptocurrency confused the plans of anxious people who panic sell everything as it goes. The correction is quite strong, but the price is still around OverBalance, which is the largest correction in the traffic so far. Looking at the trading volume, you can see that there wasContinue Reading

NZDCAD The currency of New Zealand is doing very well compared to other Canadian dollar pairs. It is enough to look at other pairs and you can immediately see that the Canadian has strengthened to most of the world economies after the data on Wednesday, which indicate, among other things,Continue Reading