Oil yesterday deprived investors who entered into trades on the first retest as the price moved back to the resistance from the designated triangle. Currently, the price of crude oil is moving in the intended direction. Tomorrow’s macroeconomic data, which expect inventories without stocks, may deepen the decline, but theseContinue Reading
Even on Friday, I did not consider short positions due to the lack of a specific signal that occurred at the moment. There was no reason why Petroleum should be cheaper (although this adjustment was due), but the confusion around the virus and the pandemic in the world has createdContinue Reading
Monday probably surprised many people. The surprise appears even though we knew earlier that there would be restrictions before Christmas. We knew that the bans in various countries would be stricter and the markets would react to it. So the UK, despite vaccination, will introduce greater restrictions because a newContinue Reading
Despite the assumptions supported by good data, crude oil did not rise to the levels we expected. The graph now shows a wedge from which the output can show the new direction or the continuation of the current. Bank analysts have been writing and saying in interviews for several daysContinue Reading
Currently, we can see where gold has stopped. Initially, we assume a reflection from the designated level, but keeping the finger on the trigger. In the current situation, it is possible to both break the rate to support around 1847 and break the channel up. However, from the previous experienceContinue Reading
We have been assuming strong growth for several days and we still do so. The euro is currently in a place where large orders in both directions can meet. On the one hand, strong resistance that encourages investments to reverse the trend that is supported by information about the coronavirusContinue Reading
We can see that yesterday was largely fulfilling the plan we presented on Wednesday. Currently, silver has stopped at a resistance, which may cause a slight correction, but we will certainly be able to say it only after the start of the European session. The plan presented earlier is stillContinue Reading
Swiss Currency Extremely Strong During today’s Asian session, the USD / CHF pair shows mixed dynamics, still close to the record lows of January 2015. Investors do not rush to open new trading positions awaiting the publication of the results of the 2-day Fed meeting, which will be released aContinue Reading
A few days ago, I wrote about the possible range of the US Dollar to the Canadian Dollar. The target remains valid all the time, but it is worth mentioning a condition that may decide about a change in the rate and a possible larger upward correction. The marked horizontalContinue Reading
Yesterday’s assumptions and market movement directly confirmed the legitimacy of using several factors of reading the chart. This translated into the fact that now the course went beyond the canal over the top. Currently, we are close to resistance, but it is possible that it will be broken. today’s dayContinue Reading
