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
The GBPUSD pair is consolidating so much that, even if I really wanted to, I don’t see an opportunity to enter even a small position. Personally, I don’t like such a market so I wait for the price to come out for the marked area from the second image. TheContinue Reading
We are currently seeing the price of gas outside the designated channel. This is not a reason to worry because this value is characterized by breaking the formation and returning to it after a while. Currently, I would wait with long positions until the price returns to the designated channelContinue Reading
XAUUSD is in a good downtrend that can be used without any problems. At the moment, we can observe the formation of the wedge that has formed. The price has reacted to the support that is at the same price level as the wedge limit. We assume declines all theContinue Reading
