Monday market review

Monday market review


USDCHF

The currency pair maintains a clear downtrend without any major upward breaks. Of course, we are not trying to trade against the prevailing trend, so we are waiting for the level marked in the image to break. Only when the price crosses the line will we be able to look for long positions.

usdchf

EURUSD

You can see that the Euro / US dollar currency pair remains in the designated channel. Due to reports about too strong Euro currency, I am still waiting for the situation to develop as the downtrend channel indicates a flag formation in an uptrend. Unfortunately, a situation with too strong a currency may lead to a situation that the price will be intentionally lowered to reach an acceptable level. Traders are not satisfied with such a translation, but we have no influence on the market, and therefore we adapt to what is happening on the charts.

eurusd

XAUUSD

Gold has apparently come to a halt which has led to profit accounting for investors who are constantly playing against the trend. We are waiting for the level marked with a dashed line. This is where I will be looking for opportunities to go long. If the level is broken and there is no signal to trade, I will analyze another plan.

XAUUSD H4

BTC

BitCoin analysis has been very effective lately. I hope you are using and you know when to buy the biggest cryptocurrency. On the picture you have exactly what I wrote about last week, I recommend that you go back to the previous entries. A price cut that has been fully invested by investors, and large purchases in large volumes. We are waiting for it, and we keep it.

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.


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/

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