Monday market review

Welcome to the new week and the new month. Today is public holidays in two European countries (France and Italy) and the liquidity may be slightly different from other days. When the banks are not functioning and are closed, the exchange transaction takes place without their participation, i.e. with lessContinue Reading

EURUSD Today, the currency pair is not so clear to analyze as there are many countries in the Eurozone that can affect the overall currency situation. In the near future, perhaps even today, we expect a Report on international economic and exchange rate policy. The source does not provide aContinue Reading

Monday market review

NZDCAD A New Zealander follows a long trend towards a Canadian, which for the patient is an opportunity to hold the position along with the addition, i.e. the so-called pyramiding. Currently, we have a chance for a downward correction, seeing that the price has reached the level of 61 fibo,Continue Reading

NZDJPY After the formation of the flag and the breakout, you can see that investors are strongly pulling the rate up. In a large time range, the possible range shown in the image. A long period of time may be the end of this year, or the first half ofContinue Reading

GBPUSD Currently, the currency pair is on the trend line where there is quite a strong resistance at the same time. Thanks to this, it has two factors that can confirm a possible direction in line with the downward move, which has been going on for almost 4 months. Remember,Continue Reading

Monday market review

Welcome. We are half a month old and this week seems to be calmer. The data expected by analysts do not differ much from the previous readings, only England on Friday is to have higher retail sales, which is good for the currency. EURUSD On the chart of the mostContinue Reading

GBPUSD Bearing in mind the movement in the newly created channel, we can see that the currency is moving in a new short-term trend. Only breaking the upper limit of the channel will allow the trend to continue for a longer time. Tomorrow’s macroeconomic data for the USD are alsoContinue Reading

USDCAD The currency pair is in the position I indicated about two weeks ago. It will depend on the upcoming sessions whether the US dollar will be stronger than the Canadian dollar. The macroeconomic data for this week are mixed, only expecting slightly fewer unemployment claims, which may have aContinue Reading