USDCAD It can be seen that the US dollar is running out of strength to further push the rate up. The upcoming data also does not indicate large differences in the previous readings, which proves that the optimism is running out. If we look at the data for Canada onContinue Reading
Welcome to the first week of the new month. The Asian session did not set the direction and does not give any signals, so we are waiting for Europe and the first trading hours. EURUSD The European currency pair with the US dollar remains in a downward trend. The breakoutContinue Reading
EURUSD Today’s reading of non-farm payrolls, i.e. changes in the non-agricultural sector in the USA, will be extremely important. It will show whether the FED has a place to maintain a loose monetary policy, or whether it must aim at tightening it. Paradoxically, a good reading can be both “good”Continue Reading
GBPUSD Faced with the expected better data for the US and a slightly worsening situation in the UK, the currency is seeing a weakening with a few pairs. The caused customs problems at the borders with Ireland, the increasing number of new COVID infections and the slowing of the easingContinue Reading
USDCHF The previous analysis pointed to a rebound and exit of the price after the formation of the flag, with detailed instructions for two possible games. We can see in the pictures that the scenario is coming true and we can only confirm its continuation. The more accurate analyzes, theContinue Reading
EURUSD The currency pair shows a continuation of the downward movement after a slight rebound. Currently, we can observe colloquially called the inverted saucer formation. This usually means that the movement will continue towards the designated curve, so it is worth considering a short position as a continuation of aContinue Reading
Welcome to the last Monday of this month. We are entering the holiday season in Europe, the markets will be calmer and our attitude needs to change a bit. This week, on Wednesday and Thursday, macroeconomic data are announced that will have a real impact on the market, as thereContinue Reading
GBPUSD The UK currency fell twice due to macroeconomic data. The first time was the FOMC which shook all markets heavily in pairs with the US dollar, and the second time was yesterday when the data for England were released. The slightly deteriorating situation on the islands means that theContinue Reading
USDCAD The currency pair, commonly known as the Canadian, reached a support that initially fought from. Looking at the macroeconomic data that we expect at 2.30 pm European time, we can see that the forecasts for Canada are not optimistic, which may have an impact on the earlier strengthening ofContinue Reading
EURUSD The US dollar currency pair with the Euro currency remains in a downward trend and is not likely to break the trend. In the picture I marked what would have to happen for us to start entering the long position. The oRGR formation in this case will give usContinue Reading
