Welcome to the last day of the month. Sessions from last week, as every month, showed that contracts were closing, so this week we have to be careful that new contracts do not take the profit from the entire month. Mark Douglas in his book “In a trance of investing”Continue Reading
GBPCAD I have not discussed such a currency configuration yet. I want to add new instruments because I have noticed that there are many retail investors who are trying their hand at multiple currency pairs. The analysis will be a bit general, as GBPCAD has been moving in a wideContinue Reading
USDCAD The analysis of each currency pair should begin with checking the macroeconomic calendar. Today, the US dollar is expected to announce preliminary GDP, which analysts forecast a slight improvement of 0.1% so it can be assumed that no one is expecting a surprise from the American economy. The secondContinue Reading
Dax30 The index yesterday opened a gap with many brokers, because brokers suspended quotes in several countries during Monday’s holidays. At the moment we can see that the rate rebounded from the support which is equal to the largest correction in the upward move, commonly referred to as the 1:Continue Reading
EURUSD The currency pair is not slowing down its pace of growth. Unfortunately, anyone trying to catch the tops is left with a finger in their nose because the price is rising all the time and will probably continue to rise up to the level marked in the image. FromContinue Reading
GBPUSD After a significant rebound, the currency pair is in the triangle-forming phase, which is best seen in the H4 time frame. The analysis of the lower time frames shows that the price of the currency pair may rise further to the price of 1.4181x where the price has alreadyContinue Reading
XAUUSD The metal has been consolidating for a week, despite the fact that the US dollar is weakening against many currencies. Consolidation is at the border of the growth channel, so investors are defending the price level, hoping for a correction. The next attempt to approach the resistance will weakenContinue Reading
USDCHF The Swiss currency appreciates significantly against the US dollar. The decline in the currency pair is almost as strong as the rise, which may indicate that the price decline will continue. I would expect a reaction at the level shown in the picture, but if the American economy doesContinue Reading
GBPUSD In fact, the entry will be short. A new channel with a high time interval has been designated. If you did not consider this form, I suggest you pay attention to it. The target point is marked in the second image. The deal will be played in the rangeContinue Reading
DAX30 If anyone thought that the dax30 would be lethargic, he was wrong. I myself belong to this group because I got used to slower moves with a smaller price range. At the moment, we see a wide range in which the price of a stock moves. It is worthContinue Reading
