The European currency is at a borderline level which, if violated, may cause a deeper correction. The correction can reach even close to 400 pips. Someone will ask where this number comes from ? taking into account the Over Balance, trend lines from the H4 time interval and the FiboContinue Reading
The British pound slowed down a bit, so investors probably have a chance to match orders for a longer move. Consolidations mean that someone selects large positions broken into many small ones in order not to have a bad overall price, so that one purchase will not cause a largeContinue Reading
For the past two days, we have been seeing the US dollar strengthen against almost most related currencies. Many currency pairs with the dollar have hit strategic levels or possible reversal points, which could prove disastrous if the US dollar continues to gain. At the moment, on the USDJPY pair,Continue Reading
USDCHF is in an interesting place as it has hit a resistance zone which is in line with the trend line. I have written many times that it is not worth catching lows or peaks, and in the pictures below I present the simplest form of entering a position inContinue Reading
Yesterday’s entry indicated possible growth in relation to good data for the European economy, and it did. Admittedly, the German index did a downward correction in the first place as the data were slightly different than expected, but later the entire correction was tightly filled and the increase was continuedContinue Reading
If the situation does not resolve this week, we may see a gap in line with the short-term trend on Monday. Currently, gas has already shown how to hold out investors, but a reversal cannot be assumed until the conditions we have agreed are met. Of course, each investor mayContinue Reading
The dollar pairs with the Japanese currency yesterday rebounded as expected from the bottom of the falling wedge. However, the peculiarity of the pair is that it is trending, similar to the Canadian dollar currency except that the Canadian is more corrective at a lower time frame. In this case,Continue Reading
The British Pound can go either way in the short term and both ways are covered in the image below. If we break the resistance line, there is a chance to reach the designated zone, but if we go down, I assume that the trend line will be breached andContinue Reading
The New Zealander pairs with the Canadian dollar close to a strong level. If anyone is considering going short, I recommend waiting for the right opportunity to avoid catching the top. However, for people who play on rebound from supports and resistances, the level is to be observed.Continue Reading
Due to the expectations for the US data, I assume a further decline in the pair. Yesterday’s post clearly showed what we expect, and that we did not take long positions into account, and today, unfortunately, we expect a deepening of the low. The data are expected to be weakerContinue Reading
