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Since mid-April, GBPUSD is moving in a consolidation between support at 1.2660 and resistance at 1.3030. Less than two weeks ago, it seemed that bears will win and support area 1.2660 would be broken. However, this did not happen and bulls after a temporary descent below the support managed to derive a dynamic reflection that ended again last Friday at 1.3030...

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SILVER on H4 shows recently very strong declines. Price reached level of one of the earlier lows. It seems that now a correction should occur. Support should therefore serve at least to a short-term rebound. So in the short term, you should consider long position.

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In the past week, USDCAD after breaking 1.3000 support found itself on 10 months lows and it will have further consequences. The nearest target for bears is support at 1.2840. After breaking it, another target will be 1.2690 and it can not be ruled out that this level will be the main target of the sellers. During Monday’s session there may also be an attempt to...

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In the past week, USDCAD after breaking 1.3000 support found itself on 10 months lows and it will have further consequences. The nearest target for bears is support at 1.2840. After breaking it, another target will be 1.2690 and it can not be ruled out that this level will be the main target of the sellers. During Monday’s session there may also be an attempt to...

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AUDCAD has been trapped in consolidation for three years, where its upper limit is close to 1.0332, while the lower is around 0.9170. Since November last year we have seen several attempts to overcome the 1.0332 barrier, which each time failed. Currently price is testing less important support at 0.9924, where are lows from April this year. Successful breakdown of...

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On EURJPY chart you can see that price has set a new peak and broke resistance at a round level of 125.50. Trend is very strong and you can see more and more demand pressure. Support is at previously mentioned level of 125.50. The nearest resistance is around 129.00. It is worth looking on chart with lower time interval. On H1 chart you can see a strong...

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EURUSD reaction for data can be confusing. CPI YoY slowed down from 1.9% to 1.5% (expected 1.6%) and HICP decreased from 2.0% to 1.6%. The only solution to explain bullish reaction is fact that analysts expected stronger depreciation. Gains could also be influenced by news about German local inflation. CPI 0.16% in Saxony in June was 1.7% YoY (prior 1.6%) and on...

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EURUSD reaction for data can be confusing. CPI YoY slowed down from 1.9% to 1.5% (expected 1.6%) and HICP decreased from 2.0% to 1.6%. The only solution to explain bullish reaction is fact that analysts expected stronger depreciation. Gains could also be influenced by news about German local inflation. CPI in Saxony in June was 1.7% YoY (prior 1.6%) and on...

Comparic

On EURJPY chart you can see that price has set a new peak and broke resistance at a round level of 125.50. Trend is very strong and you can see more and more demand pressure. Support is at previously mentioned level of 125.50. The nearest resistance is around 129.00. It is worth looking on chart with lower time interval. On H1 chart you can see a strong breakout....

Comparic

In line with scenario presented in analysis from last Thursday, NZDUSD broke the upper limit, which was the resistance of triangle formation and pair turned towards the target around 0.7319. There also we saw an inflow of offers, which led to effective rebound from this level. Downward movement is currently being continued, and the nearest support can be provided...

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Declines on AUDNZD has been going on for three months. In previous week demand tried to reverse this unfavourable situation which ended in a rebound from resistance at 1.0550. Support at 1.0390 also did not stop the sell of and as a result AUDNZD reached its lowest level since January 2017. Current target for bears is 1.0340 support. At this level we could...

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Declines on AUDNZD has been going on for three months. In previous week demand tried to reverse this unfavourable situation which ended in a rebound from resistance at 1.0550. Support at 1.0390 also did not stop the sell of and as a result AUDNZD reached its lowest level since January 2017. Current target for bears is 1.0340 support. At this level we could expect...

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The WTI OIL price in US dollars is moving in wide consolidation, where the upper limit is around 55.00 range. On the other hand, support from the bottom provides zone around 43.30 level. It was just the aforementioned support zone that price reached yesterday, setting another lower low. Within the consolidation we can notice a smaller downward trend, where the...

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n second half of April GOLD set high around 1295.00. Declines in result of rebound led price close to 1217.00. During next bullish movement price reached previous high slightly overcoming it. This led to a situation wher ite was possible to update the trend line and its second reflection set at the 9th of May lows at 1214.17. Currently after rebounding from key...

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The WTI OIL price in US dollars is moving in wide consolidation, where the upper limit is around 55.00 range. On the other hand, support from the bottom provides zone around 43.30 level. It was just the aforementioned support zone that price reached yesterday, setting another lower low. Within the consolidation we can notice a smaller downward trend, where the...

Comparic

In second half of April GOLD set high around 1295.00. Declines in result of rebound led price close to 1217.00. During next bullish movement price reached previous high slightly overcoming it. This led to a situation wher ite was possible to update the trend line and its second reflection set at the 9th of May lows at 1214.17. Currently after rebounding from key...

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oday’s speech of Bank’s President, Mark Carney, seriously weakened pound sterling. As a result GBPCHF on H4 formed a Bearish Engulfing Formation. The candle forming the aforementioned formation establishes a lower low and its closure took place under the support area of 1.2387. This could therefore mean the end of bearish correction that began after UK elections....

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The GOLD market has moved north since second half of December last year. These increases are significantly less dynamic than previous falls, initiated by results of last year’s presidential elections in the United States and are moving within a growth channel. Although, as a result of the last growth impulse, at the beginning of June this year market for the...