USDCAD When I look at the upcoming US macroeconomic data readings, it is clear that the forecasts are not hawkish. Each forecast shows a slight deterioration in the US situation, which could reverse trends in many currency pairs. In the case of the “Canadian”, an optimistic point for us indicatingContinue Reading
EURUSD Overall, we remain with the plan I described last week. I recommend that you look for the last analysis of this currency pair and check the ranges I have given. The downtrend has not been negated, so we should only consider the short position. However, if someone is lookingContinue Reading
Welcome to the next August Monday market review. There was a lot of action on precious metals and USD currency pairs overnight. Let’s start! XAUUSD The gold during the Asian session weakened very much and I honestly admit that I would not expect such a move at night. I assumedContinue Reading
EURUSD After yesterday, I expected a stronger rebound, but as you can see the expectations are over. The start was quite good and the price was going as planned, but in the end, after the dollar appreciated, the investors started to deepen the low on the EURUSD. In this situation,Continue Reading
GBPUSD Yesterday, almost every US dollar currency pair fell into a heavy thrust driven by macroeconomic data. Today the situation for this pair is even more serious because the market expects data only for Great Britain, which almost every time causes strong price fluctuations. At the moment, we have theContinue Reading
EURUSD After an unsuccessful attempt to break the resistance, the price of the currency pair returned to declines driven by yesterday’s US data. Investors stopped at the support marked in the blue circles in the image. Of course, we do not “catch the falling knives”, so we wait for theContinue Reading
USDCAD The Canadian stopped at the level I wrote about last week. I have marked two places where you need to watch the currency pair because these are the breakout points. If the support below is broken, there is a high probability that the price will deepen the price low.Continue Reading
USDCAD Following the FOMC, the US dollar / Canadian dollar currency pair declined significantly. There was a breakout from a channel that I expected to hold, but nothing is lost yet as breakouts are a normal thing. I have marked the place where a possible return to the growth channelContinue Reading
EURUSD In this financial instrument, the situation is almost similar to that of the British pound. We see the breakthrough of the last peaks that created resistance, but before the data, he does not make such decisions, knowing how such experiments ended. Now there is an open path to aContinue Reading
GBPUSD As we saw yesterday, the plan has not been fulfilled. My position I had had closed to zero before the local support broke, and I did not repeat after that because the market was not as clear as I had hoped. Initially, the FOMC introduced confusion, investors did notContinue Reading
