Brent, WTI Yesterday’s oil volume analysis suggested a scenario that came true. There was a drop in the price on the increased volume, which indicated the appearance of the other party to the transaction, in this case probably investors who bought all the contracts. Now we are waiting for exactlyContinue Reading
Brent, WTI Black gold, as some call crude oil, is clearly undergoing consolidation. The volume of trading on this stock attracted my attention. Falling turnover when moving in one direction indicates no willingness to buy or sell the asset. This can be easily observed on cryptocurrency exchanges (I recommend toContinue Reading
XAUUSD Gold created a local growth channel with a steep slope. We remain in an uptrend, and a possible correction may occur to the border of the channel, where there will be support. However, I would not try to enter a short position based on a rebound from the channel.Continue Reading
GBPUSD The currency pair is not slowing down. The level of correction following the recent strong gains has already been almost entirely compensated by investors. The broad consolidation at the bottom of the correction was simply selecting contracts at a better price to prepare for further increases that I alreadyContinue Reading
The currency pair increases its price in line with the complexes, so we are close to the resistance. Due to the weakening dollar, I expect a further increase to the level around 1.2269x and a return reaction to the designated trend line which coincides with the support.Continue Reading
USDCHF The currency pair remains in the downward phase and so far does not promise a strong reversal of the trend. Dollar in tandem with most currencies is weakening. This is not very optimistic because the US economy is in good shape, but the constant printing of money, stimulus packagesContinue Reading
Welcome to the next May Financial Markets Review. We will start today’s ranking with gold. XAUUSD The value during the Asian session slowly but visibly increases its value so that it is approaching the resistance once again, which is likely to be broken. Continued growth will not surprise me. IContinue Reading
EURUSD You can see that the currency pair maintains the emerging uptrend. Despite the exit from the previously designated channel, we are still growing and we should include such positions. You can see that the price rebounded from the support, so until we break this level, the short position willContinue Reading
XAGUSD When writing about gold yesterday, I also wanted to describe silver, but I thought we would wait until the next day and devote a separate entry to it. We are in a situation where silver is closer to support than gold, but apparently there are smaller price movements. ItContinue Reading
GBPUSD The currency pair is moving as expected so far. In principle, you can invest in this pair without much worries due to the technical movement involved. At the moment, we see a new growth channel whose border is in line with the previous channel lasting a full 5 months.Continue Reading
