market analysis


EURUSD is a chance to strengthen

The currency of Europe is in the upward correction phase and is likely to strengthen in the coming week. Data promise to be optimistic and the chart shows the first rebound from support from April this year. The marked place with a circle is where the price can reach, and a rebound can be expected from there.

eur

The DAX30 is fighting all the time

From the very morning we have a downward trend on the German index. If the trend continues, I will aim short at least to support. Yesterday the plan did not work out because each position was closed to zero. Currently, long positions will start building when the price exceeds the Daily PP, shown in the second image.

Daily R3 16096
Daily R2 16030
Daily R1 15970
Daily PP 15910
Daily S1 15850
Daily S2 15785
Daily S3 15725

dax

dax

ETH investors collect

Same situation as yesterday's BitCoin. The volume is lower and lower, the price jumps weaker and weaker so we can expect a strong move soon. Unfortunately, I am not able to predict which way because the volume itself does not indicate it. The factor that can push the rate down is that BTC is at the resistance level, and as you know, the king of Cryptocurrencies gives direction to other coins. Ethereum is also at the resistance level, but it has breached the price more strongly, which shows a greater "fight". Personally, I am waiting for a signal from the market because I am of the opinion that; "Better to lose an opportunity like money"

eth

How do you rate this article?

5


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.


Cryptocurrency markets analysis
Cryptocurrency markets analysis

Subjective view of the cryptocurrency market. Analyzes made on the basis of technical analysis used in financial markets. All analyzes are my view of the market. It is not recommended to make commercial decisions based on the information provided. You can check all my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.