20080822

The WIG Index still has some place for upward move:



The WIG20 Index is still in the channel, but considering the small volume, it can easily break from it:



The US market close confused the most of technicals traders (here). There seems to be potential for upward move, but I think there will be some level of uncertainty at next session.

The polish market is also giving the mixed signals. After US close, we shall expect high open at polish market at Monday (covering the gaps), but volatility and small volume together can make miracles.

The EURPLN has broken the short-term uptrend line and we will rather expect it to continue downwards now (chart thanks to ChartStation):