Monday market review

Monday market review


Hello. A quick review of macroeconomic data points to today's speech by ECB President Lagarde, which could have a big impact on the market. On Tuesday, a speech by the chairman of the Fed, that is, Mr. Powell. But only from Wednesday the strong turmoil begins, because the Flash PMI for production and services will be read for both Euro, England and the USA, we must try to include such data in our position.

EURUSD

The European currency gives a burn to investors who wanted to play the flag formation before the breakout signal appeared. We don't really have a big economic basis to look for a rebound to cover the entire decline, but the price of the currency pair is approaching support so there is a chance for a reaction. As always, I recommend waiting for the signal to avoid trying to get the best price. After this drop, it can be seen that almost every trapped hole would have passed the "SL" hedging order.

eurusd

DAX30

dax

XAUUSD

Gold can be said to behave in a very similar way to currency pairs. There is a strong trend that continues, with the difference that we see stronger breakouts that can also be used. I have marked the place in the image where I will wait for the signal to conclude a long position. If he does not show up, I will not try anything by force, because it is not worth insisting on my own when we have no basis.

XAUUSD H4

BTCUSD

Bitcoin worries me a bit because I assumed the current correction, but not in the form it is in. The level we are at is the level of support that was clearly focused by investors. Despite the increased volume, everything one side wanted to sell (the seller), the other side (the buyer) bought back without further reducing the price, but the price returns close to this level. The more important factor is what I have marked in the picture, i.e. the increasing volume on each coin drop and the lack of buyers. I am waiting for the situation to develop and for the increased volume during purchases, which will be indicated by a rebound.

BTC

 

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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