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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.

GBPCAD waiting for test of fibo 50%

GBPCAD moves in an upward trend since 2013. Last two weeks were correction declines. Declines are very flat and even failed to reach fibo 50%...

EURUSD prepare for long movement

EURUSD after a false breakout above the triangle on August 24 returned to its range. Currently, the volatility is very small which normally ends...

AUDJPY it’s time for a rebound

In July and August AUDJPY moved in consolidation between the levels of 89.15 - 92.65. Break below pointed minimum of 24 August triggered a...

GBPUSD – rebound from the support. Will it be permanent?

Last week GBPUSD broke below the support on level 1.5330 and move down. Drop was stopped on next support 1.5160, which make today's rebound....

EURAUD – breakout from the consolidation that lasted for three years

EURAUD on hourly interval approached to the resistance level at 1.6150. After his breakthrough nearest target will be 1.6585 which is a maximum of...

NZDUSD – support is broken, target of falls 0.5900

NZDUSD for nearly two weeks is moving in a downward channel. Today there was an attempt to leave top of the channel but ended...

EURGBP breakout from the consolidation will indicate the direction.

For more than a week EURGBP moves in consolidate between 0.7394 and 0.7260. Yesterday at the press conference ECB President Mario Draghi euro depreciated...

AUDCAD – breached two years support

After fourth test of support on level 0.9400 bears reached its purpose and support was breached. The price was so low last time in...

USDJPY – important resistance began a correction?

High volatility in USDJPY took place on 20-24 August where was a drop from 124.00 to 116.13. Currently it settled down and price for...

EURCAD – it’s not the end of falls

EURCAD for last 4 months moves in a upward trend. Movement forms trend channel which was break up 3 weeks ago. Last week after...

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