The European currency keeps the price, does not let it fall too low. Yesterday I read a question from the president of the European Union that she asked representatives of the Fed. The question was; “Why is the dollar weakening while the US economy recovers and numerous vaccinations are planned?”Continue Reading
Due to the strengthening US dollar, we are waiting for another attempt to attack the resistance level. As I wrote earlier, the support and resistance become “weaker” with each subsequent attempt to break through. The third, fourth and each subsequent attempt to break the resistance indicate a strong pressure forContinue Reading
Last week had moments where he was able to surprise. There was no impact of macroeconomic data as we would expect. The swearing-in of Joe Biden has already largely been priced into the financial value. Crude oil prices (despite the significant difference between the forecast and the reading) did notContinue Reading
The New-Zealander to the Canadian corrected a bit faster than I expected, but as the saying goes: “the market is not a pharmacy”. The current rebound from the resistance gives us a positive signal for further price drops with the range marked in the image. For traders of this currencyContinue Reading
The Swiss currency continues in a downward trend, but recently we have seen several attempts to break the resistance. As we know, the level that is tested several times becomes weaker and therefore has a greater chance of breaking it. At the beginning of the week I was already gettingContinue Reading
According to yesterday’s post, the British Pound is still moving in the channel that created the flag. During the Asian session, there was an attempt to exit the mountain, but unsuccessful. The course quickly returned to formation. At the moment we are on the border of the lower part ofContinue Reading
Today, at the beginning of the European session, the British Pound moved up strongly, in line with our expectations. At the same time, after the late investors began to buy the currency pair in a rush of excitement, which in the afternoon the forums began to appear more and moreContinue Reading
The currency of Great Britain does not surprise us with anything, and goes where we assumed. The appreciation of the pound was conditioned by the previous economic situation and the strength of the currency in the previous years. Brexit only drives the entire mechanism of currency strengthening … Only yesterday’sContinue Reading
As before, so now. We are in a downward trend, and going above the resistance will only give a positive signal to possible long positions. Lagrad’s statement about too strong the euro had an immediate effect in the form of declines in pair with the dollar, but it is notContinue Reading
Earlier expectations for the Japanese currency proved to be wrong due to the weakening dollar. I assumed a weakening against other currencies, but here I expected a reaction. It was clear that investors were trying to break out on the supports and on the border with the triangle, but allContinue Reading
