If you look at the major stock indices, the DAX has been catching the eye of technically recently. From the perspective of the weekly chart, we can see the ending wedge breakout. Its credibility was also enhanced by its precise placement below the horizontal resistance level. As you can see, the minimum range of the
Very little has happened in the dollar market for many weeks. It stuck in a side move, which was also preceded by a significant weakening of the USD from previous months, along with a rebound since March and an increase in risk appetite in the markets. It is clearly visible on EUR/USD. After reaching 1.20,
While the Nasdaq or the wide S&P500 not so long ago broke further bullish records, a slightly different picture appears from the behavior of smaller companies, represented by Russell 2000. In this case, after the covid panic, it was not possible to return to the long-term highs, and only remedy the pandemic collapse. If we
The Nasdaq rebounded almost 90% from the trough in March. This sector is the leader of the entire recovery. However, the mood among investors is extremely optimistic, and technology companies are mostly interested in the youngest investors. On the one hand, the tech giants' business model appeals to new investors, often millennials, who use Robinhood.
Tuesday morning, and thus the new month, begins with the continued weakening of the dollar. In the case of EUR / USD, this move pushes the market to the round 1.20 level. However, if we look at the balance of forces on the daily chart, it is clear that in recent weeks the trend has
The past days have brought the Eurodollar retraction, which leaves a noticeable upper shadow on the weekly chart. It is worth noting that the 8-week rally with EUR / USD has been gaining steadily behind us. A retreat from the previous days and an end of the week around 1.18 or lower would mean that
Level 13000 points on DAX has been causing problems for the bulls for a long time. This can be seen on the first weekly chart. This is where a lot of market reaction has occurred, both from below and above. This area has also entered the game in recent weeks, and fierce gameplay is taking
The third week of consolidation on the dollar is coming to an end, which in the case of EUR / USD slowed down its current move in the area of the resistance zone, also strengthened by the presence of a 61.8% retracement of the entire long-term downward trend. Very similar conclusions can be drawn from
Behind us is a very successful period for the silver market, which with great dynamics broke out of the range of several-year volatility, which is a phase of long-term accumulation. Accumulation ended with a covid trap, i.e. dropping the market on new lows, but also an immediate return of the market to the range of
Last week in the stock markets began with a strong increase, while the bulls became breathless with time. As a result, we saw a spike turn into ever greater disappointment and a bull-trap on many major indices. One of the examples is the DAX, where buyers undertook to cross the resistance zone in the area
