The British pound yesterday made another attempt to rebound, but unsuccessfully. Investors do not have enough strength to break the last highs in the H1 interval, which causes that the downward trend is stronger and stronger. Additionally Today we see how during the Asian session the price of the currencyContinue Reading
Welcome to the next Monday Forex review and beyond. GBPUSD We will start with the British pound because its situation after the weekend surprised me a bit. I was wondering whether to leave positions for the weekend but eventually closed. You can see that it was a good decision becauseContinue Reading
New Zealander’s to Canadian currency pair is currently consolidating on support. In the picture I present two possible price behaviors. After breaking the support, it is possible to continue the move to the 0.880xx price level because there the price reacted from the daily interval. After breaking the resistance youContinue Reading
The Canadian dollar is paired with the US dollar at all times in a designated downturn wedge pattern. Currently, I expect a downward correction, but the range I take into account for short positions is marked with a cross in the image.Continue Reading
After yesterday’s FOMC statement and press conference we could see a large weakening of the US dollar against all currencies. Information on further support for the economy was not received optimistically. I perceive this growth impulse on the currency pair as the beginning of further increases. In my opinion, theContinue Reading
The European currency is still in a downward trend despite several attempts to rebound. We are currently seeing a reaction to the support that has kept the price on the same level since yesterday. At the moment, there is a chance for a long position when the price goes downContinue Reading
The dollar / Swiss franc currency pair has a chance for a downward correction after strong gains. Today’s data is projected for a significant reduction in retail sales may cause a downward correction. According to forecasts, the situation in America is getting worse, so the weakening of the dollar mayContinue Reading
The currency pair has entered a new downward trend and we are considering this position. The picture shows a condition that must be met for me to consider a long position. As always, we hedge against the main trend quickly. If we want to hold positions longer, it is worthContinue Reading
The British pound has recently weakened slightly against the US dollar. It was influenced by several factors that currently have a chance to work the other way. Today’s data for America indicate a significant deterioration in retail sales, which may be the beginning of the dollar’s weakening again. Additionally, theContinue Reading
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
