SILVER at an important level
Yesterday’s silver analysis came true faster than I expected. The traffic in the channel continued, so now we have an important dilemma. If someone is playing on rebound from the channel, he may risk going long. Why did I write to take a risk? Because as I wrote yesterday, the channel can give a signal for further movement, and the channel is a correction in the opposite direction. By assuming a false break from the pattern, I have marked the level that should be taken into account when deciding to enter a position. The marked level will be decisive for further movement.
NZDCAD good level
Yesterday’s target level has been reached. At the moment we are waiting for the entry of European capital and I expect further growth. The New Zealander is also strengthening in relation to other currencies, so it may be a signal to move on this currency pair. An additional argument is closing contracts, which we can see from yesterday.
DAX In the correction phase
The German DAX30 index has recently slowed down the trend and consolidation is visible in the high time frame (D1). However, in the H1 time frame, you can see quite strong local trends on which you can earn money every day. At the moment we see another attempt to break the hole. It is possible to correct to the opening of the daily candle which will match the resistance from the D1 interval shown in the second image. I assume rather further declines, but I will make the decision to enter the UK market. An alternate blue arrow points to my gaze if the rate breaks a resistance level.
USDCAD has a strong reaction
On Monday I wrote about the level that was achieved yesterday. The intensity of the currency pair’s rebound surprised even me, but this is largely due to the strengthening of the US Dollar. All pairs with the dollar were shocked, as well as investors. Currently possible further move up. Despite the insignificant (with low impact on the market) data for America, it can be seen that there is a stir on the charts. After breaking the local resistance, the next level is 1.270 where we have the next resistance zone.
