Monday market review

Hello after a long break. Three weeks of vacation is too long. I rested, de-stressed and settled all outstanding matters. Now it’s time to get back to work. I look at the charts and I have to admit that I haven’t lost much. It was a good time to goContinue Reading

NZDJPY After long gains, we can now observe an arc that appeared at the top of the candlestick chart. Additionally, the factor of a quick reaction to new Covid infections which should (at least seemingly) strengthen New Zealand, it turns out that it weakens the State in the eyes ofContinue Reading

The dollar is clearly gaining strength with each passing week. In the discussed currency pair, we see that the price has approached the resistance that was set from the 2004 and 2005 periods. Later, the price also respected him, but with less accuracy. In the circle I marked the placeContinue Reading

EURUSD Yesterday’s plan was not implemented because the price did not give a signal for a rebound. After breaking the local low, investors continued to push the price lower and lower, allowing only to join the speeding train. The price eventually stopped at the support level, but I often sayContinue Reading

EURUSD The currency of Europe is in the upward correction phase and is likely to strengthen in the coming week. Data promise to be optimistic and the chart shows the first rebound from support from April this year. The marked place with a circle is where the price can reach,Continue Reading

NZDCAD Long time not discussed instrument because I mainly focus on the British pound and the German index. Currently, the price is in the correction phase and is approaching the support I have indicated in the image. However, due to the lack of intensity of traffic that we could observeContinue Reading

GBPUSD The situation on the pound looks quite clear. We have a short term downtrend that may deepen further to 1.3740. This level is support and fibo 61.8. Looking at the chart at the moment, you can see that the price is rising, and you can basically risk a longContinue Reading

USDJPY Despite the expected weaker data for the US, this currency pair is clearly strengthening. We now have the first positive signal to indicate a rebound as we broke the last high. At a time when we expect a correction on pairs with the US dollar, I expect the priceContinue Reading