DAX – you can look in the direction of 11300 points.
Since the beginning of this week, the bulls have been trying to get out of the weekly consolidation, built under resistance from the daily chart under 12450 points. I marked the previous places of reaction of the sellers with red arrows.
The bulls were closest...
GBPUSD – cable under pressure, Head and Shoulders indicates further declines – 21.06.2020
GBPUSD - the cable after a series of violent falls in the first half of March this year and setting the all-time low at...
4.00 is a challenge for dollar buyers
While the franc or the euro, in terms of the scale of the last correction, went back to places where buyers did not have...
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DAX increases can only be a correction
Yesterday in the stock markets was very successful for the bulls. Increases did not miss the trading floor in Germany. It is worth realizing, however, that last week's drop left negative technical consequences.
As you can see in the graph above, the area marked in...
Understanding FX Price Movements with Volume
In the Foreign Exchange Market, the volume shows the number of lots traded in a given currency pair. One lot is essentially defined as...
Nasdaq – bears begin to take control
We are after a 2.5 month rally on the stock markets. The main beneficiary of the lockdown was the technology sector, especially on-line shopping,...
GBPJPY – two inside bars at important level – 08.06.2020
The GBPJPY pair has been moving in an upward trend for the last three weeks. On the daily chart, an Inside Bar formation is...
How to earn without forecasting prices
Look at this chart and think about what to do now? Buy or sell?
Do you already know what to do? If you know then you are very lucky. Most investors, including me, have absolutely no idea what to do in a given situation. Statistically,...
Silver – correction to the nearest support
Recently, silver seems to be more and more resistant to falls.
Although in recent days there has been a slight drop in prices, so far...
Fibonacci and Wave Analysis – Similarities and Uses
When it comes to technical analysis in Forex trading, there are dozens of different indicators and methods of utilizing them. Among this lengthy list,...
USDJPY – a breakout from consolidation and a chance for growth – 03.06.2020
Since the beginning of 2017 the USDJPY pair has been moving in a downward trend, which has taken the form of a 1100p high...
AUD/JPY – towards the support of the ascending wedge – 27.05.2020
The AUD/JPY pair has been moving in an upward, downward trend since early April.
The quotations are in an easily recognizable formation - ascending wedge.
Today, after an attempt to overcome the resistance of the formation, the quotations have returned to its interior. The unsuccessful top-notch...
GBP/JPY – the pound’s exchange rate has returned to significant resistance – 26.05.2020
The direction of further movement of the quotations will depend on the result of the resistance test.
The pound rate is moving in a downward...
GBPUSD – break down from Inside Bar – 25.05.2020
It is beginning of the last week of May, a month that is definitely unfavourable for the British pound, during which a pair of...
EURUSD – two months in consolidation – 20.05.2020
EURUSD has been moving into a 220p consolidation range for nearly 2 months.
Today the price has reached the upper limit of this consolidation which...
GBPUSD – continuation of declines, no deal Brexit possible… 18.05.2020
Quite often recently I've been analysing the British pound in relation to the American dollar, which is a pair of GBPUSD. This is due to the fact that there are quite clear formations there, indicating only the "right" direction - south.
It all started at...
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GBPUSD – the death cross, last nail in the coffin ? – 13.05.2020
On the first of April this year, a "death cross" appeared on the daily chart. I wrote about this phenomenon in my analysis on...
USDJPY – bullish engulfing and a wedge – 11.05.2020
The USDJPY pair has been moving in a downward trend for 5 weeks, the quotes have taken the shape of a descending wedge. Usually...
AUDJPY – breaking out of an ascending wedge – 04.05.2020
The AUDJPY pair has been moving in an upward trend for more than 6 weeks, which quite accurately respected the two diagonal lines that form the ascending wedge formation.Interestingly, this 6-week upward trend stopped at exactly 61.8% of...
GBPUSD – two Head and Shoulders, death cross in the background – 29.04.2020
On the GBPUSD currency pair an interesting system of two Head and Shoulders patterns appeared. Although there is still a while to...
EURAUD – on the edge… 27.04.2020
EURAUD has been on an upward trend for the last 3 years. From January 2017 to mid-March 2020 the price increased by...
AUDUSD- time to go south? 22.04.2020
Last week the AUDUSD pair reached the level of 0.6450, which is exactly 61.8% of the last downward movement measured from a...
GOLD- broken trend line – 20.04.2020
GOLD - last week ended with a strong accent, the price broke the local trend line and ended Friday's quotation at 1681 $/oz. The "prophecy" from the previous analysis of this precious metal has come true, the sequence of higher highs (HH)...
GOLD (XAU) on the way to declines, will be cheaper? – 16.04.2020
The price is approaching the trend line (red) led from level 1565. Overcoming this line will result in breaking the sequence...
Tokenization as the future of telemedicine?
Because of current crisis, the telemedicine
market is one of the most prospective and...
4 Debit/Credit Cards That Let You Use Your Crypto Balance
In a previous post on ‘Cryptocurrency in a Pill’, we talked about some of the most...
Scalping on a Range Bar chart using Bollinger, MACD and SD...
A Range Bar Chart (RB) is a specific chart that depends on the price change and is independent of the time...
What Are the Top Market Analyses Methods in Forex Trading?
What Are the Top Market
Analyses Methods in Forex Trading?
There are various methods traders usually use to analyze the...
Breakout from the “night channel” – an Example of a...
Breakout from the “night channel”
One of the more simple trading strategies is the so-called “breakout from the night channel”.This system works well for the...
