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

DAX40 A few days ago I wrote about the scenario with the OverBalance formation and today we see that the price is at the border of the formation. The German index is in a strong trend so we are currently waiting for a correction and breakout of local support fromContinue Reading

DAX40 Daily S3 15650Daily S2 15560Daily S1 15410Daily PP 15320Daily R1 15160Daily R2 15070Daily R3 14920 Here we have a similar situation as in the Nasdaq, I also expect a deepening of the decline and a rebound from the support zone. In the DAX40 it coincides with the designated OverBalanceContinue Reading

DAX40 Daily r3 15900Daily R2 15700Daily r1 15400Daily PP 15210Daily s1 14910Daily S2 14715Daily s3 14415 Yesterday the German index followed a string down until investors saw a psychological price level of 15,000. Another attempt to test the level created a double bottom and gave up opportunities to trade inContinue Reading

Monday market review

DAX40 Have you noticed that the German index has grown? Everyone who trades has probably already received a notification from their broker which companies have joined the index. According to the previous Monday market review, we are in the place we expected. Currently, we have a chance of a rebound,Continue Reading

Not much has happened on the chart recently, but I expect a really strong move this week. I will not predict the movement (I expect it to decline, but the market will verify it). I have marked my action plan for today in the picture. The first H1 chart showsContinue Reading