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Piotr Drabik

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Author of worldtrader.pl blog and big supporter of technical analysis. Active medium-term trader. In his analysis uses classical charts, price action as well as harmonic patterns and Elliott Waves. In trading he always tries to take into account two points of market's view, in accordance with the principle that each transaction may be attractive both for the demand and supply traders.

NZDUSD – 400 pips in 15 minutes and a false breakout from consolidation

New Zealand Dollar to US Dollar Rate moves in a downward trend since mid-2014 year. The movement of prices over the past four months...

Test of the longterm trend line and defense of support on GBPJPY.

GBPJPY is moving in an upward trend since the beginning of 2012. Although for the last 10 weeks GBPJPY did not break the peaks,...

EURAUD with Monday candle continues dynamic upward movement.

At the daily interval you can see breakout of the upward channel, in which EURAUD moves from April 2015. After breakout, there was a...

EURGBP breached out of the channel top and broke resistance on 0.7310

Last week the bulls on EURGBP first defeated the level 0.7165 and next 0.7220 to end the week at 0.7225. Today, with great momentum...

EURUSD broke another resistance, the current target is 1.1450

Yesterday's strong candle broke resistance on 1.1220 and EURUSD continues upward movement. If at current levels EURUSD start to fall level 1.1220 will become...

AUDCAD – double bottom pattern, but support is still under pressure

Interval hourly. Level 0.9545 stopped the descent two times in last few days creating double bottom pattern. At the same time 120 pips higher the...

USDCHF – bottom exit from consolidation and breached out support

For a week USDCHF was moving in consolidation and created a channel with the width of 75 pips Yesterday, the bears were able to breach...

USDJPY – break out down of consolidation

Yesterday USDJPY broke of consolidation. In which price remained for a week. Move down was stopped on suport level at 123.68. Attempt of greater...

AUDUSD – support on 0.7320 stop move down

AUDUSD moves in a narrow range of about 80 pips for a week . During today's morning it tested the support level at 0.7320...

FTSE100 index approached the 6-year trend line.

Index reached the suport that for two months is in the game. We were unable to successfully maintain than the historical peak of 2000....

GOOD TO KNOW!

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