GOLD sticks to the plan all the time, additional confirmation may be the expected US dollar data, which are better than previous readings, which may drive gold decline. Unfortunately, there are two scenarios to take in the current situation because the previous moves lacked a clear direction. As you canContinue Reading
The “Canadian” has been keeping the downward trend for 7 months, which has led many investors to considerable losses. The conviction that the course must finally bounce invariably accompanies many amateurs. In the image below you can see the exit from the box, retest and continuation of declines. Many timesContinue Reading
In line with yesterday’s assumptions, the price of the European currency against the US dollar has broken the channel and is following the designated levels. There is a strong resistance zone ahead of us, where the rate has already stopped once and made a downward correction. This level may beContinue Reading
The European currency behaved in line with our expectations, rebounded from the upper part of the channel and reached its lower level, then rebounded again. However, we currently assume further growth after the condition of leaving the channel upwards is met. Then the possible range is estimated at 500 pips,Continue Reading
We assume a further downward move due to macroeconomic data to be announced for the British Pound at 8:00 AM. Due to expectations of deterioration of England’s situation, the rate after yesterday’s stronger break, which I presented giving the exact level, rebounded back to the downward trend. Asia in theContinue Reading
I have been running a magazine on financial markets for 2 weeks. Gold, after realizing the downside scenario, broke the support, made the assumed retest and deepened the low. Currently, we expect further declines which in an indefinite period of time (even 2 weeks) may reach the level of 1670.xxContinue Reading
The price of Oil made a sharp correction after data showing increased stocks of crude oil. The price was very technical, exiting the canal, the rate pulled back, breaching local support, and moved in the right direction. Unfortunately, as we can see, the enthusiasm of investors was quickly cooled downContinue Reading
The forecast decrease in crude oil stocks caused the rate to go up. Forecasts are not strong enough to expect big increases, but this may only be an impulse for crude oil to continue the price increase that we announced a week ago.Continue Reading
According to the last entry, the assumptions turned out to be accurate. The pound returned to resistance, rebounded, but finally broke the resistance level today, which we currently treat as support. Brexit data, or rather constant discussions on twitter portals, of people who have an impact on the market causeContinue Reading
The instrument played by the vast majority of investors responded nicely to the upper line of the channel. However, at the moment the rate is based on local support which, if broken, may deepen the correction. However, we focus more on rebound and another test of the upper level andContinue Reading
