Monthly Archives: January 2015

NZD/USD, testing monthly support!

After three months of consolidation, NZD/USD continue the fall in January. In the last couple of days, the pair is testing previous monthly support levels at 0.7370/470. If the pair close January bellow this level (0.7370), furder decline is possible. On the other way, if the pair defend that level and close above, recovery in February could push the pair toward

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EUR/USD, pulled back by the eur/chf!?

1.1220 supported the pair over the Asian sesion and the pair pushed strongly up this morning, braking the 38.2 fibo retracement from the ‘QE decision fall’. I cant find the resistance at that level and possible reason could be 300 pips up/down move on the EUR/CHFpair!? At this moment, technicaly it’s not clear to me to see the next possible move? After the

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EUR/USD, 1.111 as temporary support or?

On Friday, EUR/USD finaly find the buyers at 1.1114 level after which they pushed the pair up to 1.1288, where the bears stoped them and return the pair again to 1.1207, where the pair close the previous week. EUR/USD didn’t manage to cover 38.2 fibo retracement from the ‘ECBs QE decision fall’ which was started at January 22. from 1.1637. Greek elections

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I told you that I will smash the euro…

…if Euro area inflation aproach to 0%! In December 2014. inflation fell bellow zero, to -0,2% and in this week, Mr.Mario Draghi (ECB) ‘fire up’ the 1.1 trillion euros QE in total, ie. to buy 60 billion in sovereign bonds each month until at least September 2016 . They decided to do everything in order to boost Euro area recovery, with the main objective

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