20100505

The WIG Index fell -1.74%:

The market has generated daily sell signal. We cannot say what is the range of correction, however we need to note we are still in primary uptrend.
Therefore, short positions are against the trend.

The EURPLN and CHFPLN have retraced greatly today:

Nevertheless, the primary downtrend has not been broken yet.
Any short-term forecasting in Forex is pure guessing. Also, reasoning it after makes no sense in most of the cases.
However, we might want to read few opinions (here, here or here).

Sources:
[http://www.bankier.pl/wiadomosc/Sroda-kolejny-dzien-spadku-wartosci-zlotego-2136450.html (via Google Language Tools)]
[http://www.xtb.pl/strona.php?komentarz=14372 (Google Language Tools)]
[http://www.tms.pl/z-rynku/komentarze-rynkowe/357-kolejna-sesja-dynamicznego-oslabienia-zlotego.html (via Google Language Tools)]

No comments:

Post a Comment