EURUSD rallied strongly in 2023 and is reaching the critical upside resistance of the 1.11500-1.12000 zone. This is for now seen just as a pullback retrace and a retest of a broken strong downside resistance as can be seen on the monthly chart below. It is also reaching the mid […]
Is the EURUSD destined to continue lower Read More »
This is a free weekly market overview for this and the coming week. Key points of the support and resistance indicated for forex pairs, indices, commodities, and crypto. Do you like the video? Register now for one on one mentoring and pay in two or three intsallments!
Free weekly market overview 02.05.2023. Read More »
GBPUSD rallied from Sept 2022 when it reached parity to 1.2600. A confirmed break above this level is required for an upside continuation to 1.3400 which is the falling wedge resistance. A break below 1.2200 will lead to a reversal down into parity again. The weekly GBPUSD chart shows
GBPUSD is squeezed for a direction Read More »
ARKK is breaking below the triangle after the rejection from 39.70, the triangle’s upside resistance. This ongoing break is below 37.60 and strongly indicates that the triangle is being broken to the downside. How to trade this? This is an excellent opportunity to short most of the tech companies
DJIA rallied strongly in 2023 and is reaching an almost historical high. This pullback is now being rejected from 35120 and we are seeing the consolidation below this level on a monthly chart. A break above this level is required for the upside extension. The weekly DJIA
DJIA retrace just below the historical high Read More »
