Monday's financial market review


BitCoin

We can see that the last expectation did not bring the situation we had hoped for, so we are still waiting. Given conflicting market signals, decisions should not be made on a principle; "Maybe it will work." I have marked what can happen in the picture. Unfortunately, the last plan was not fulfilled because the price drop took place on a very high volume turnover, which showed a greater power of sellers. Now this will be confirmed by the situation as in the picture, i.e. the current increase is on a smaller volume (number 1), and if the decline is on an increased volume (number 2), it means that I will expect a further decline.

btc

EURUSD

oRGR is starting to show on the chart? If so, everyone knows what to expect. We conclude transactions after the price goes beyond the resistance line, it is best if it was combined with high turnover. The oRGR pattern may indicate a trend reversal, which will give us a signal to trade with a possible higher profit.

eur

USDCAD

After the Canadian one can see that there is not enough strength for further growth and the chart is slowly adjusting to a downward correction. The place marked with a cross shows the breakout point which will indicate possible further declines. An additional argument is the Friday breakout of the trend line and a correction to the resistance, which proves the technical arrangement of prices by investors.

usdcad

DAX40

Daily R3 15890
Daily R2 15795
Daily R1 15670
Daily PP 15580
Daily S1 15455
Daily S2 15370
Daily S3 15245

We are waiting for the resistance to break through and for further growth. At the moment, we have an uptrend from high and low timeframes.

DAX

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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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