Over 20 years in trading
Buyers are trying hard, but the resistance level at 1263/66 is strong and it’s 23.6 fibo return from the recent 1000 pips fall. Can they break this level? They looks determinated enough, but the question is were the sellers will take over again!? Don’t forget at the daily MA200 which is here at 1264 as well. Next stronger resistance where the
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At the website forexlive.com on September 26. I made a prediction and the possible EUR/USD move if 1.1260/80 hold the buyers and you can see today how this ended. The pair was boring for a longer period, but I sow that this move could come in the coming days. Daily MA’s 100 and 200 holded for days, but the fall was
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I wrote about SL hunting two days ago at the GBP/USD and here we are again, at the USD/JPY. Well, there is a very good saying ‘trade what you see, not what you think’, but in the last couple of weeks I see too many moves like this, on which is not easy to trade. Is there is not enough liquidity for
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Asian market loves to play with the GBP/USD, especially since they have crashed the Pound on October 07. That was a fet finger, yes you wish. As I wrote in my analysis that day, it will be extremely hard to find a technical support level in between the 1.2470 and 1.1940. As you can see, there was 2 attempts to reach
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I am following lately GBP/USD on smaller TF’s (15 and 30) and I enjoy in the sellers game with this pair. True, technical analysis on smaller TF’s works perfect, if we exclude this move from the afternoon, which is also a normal move in the market as we call it, SL hunting. You can see clearly how the sellers have searched for
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This is one of the reasons why I didn’t analyse the USD/GBP after Brexit and it was only a matter of time when something like this will happen. 662 pips slide in a matter of only 3 minutes was brutal last night, same as 530 pips return. I sow the move last night, but to be honest didn’t pay much attention
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We could say, finaly the Brexit fear is erased, right!? The sellers have continue with strong pressure today after huge fall on Tuesday and they have reached 1250/53 support level, which could hold them for a while, or!? Gold also broke the daily MA200, but what to say about that. In this week, the sellers have broke everything what was on
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Gold sellers have smashed the preciuos metal today, which is fell today for 380 pips for now (must bold this). Gold opened the day at the price 1312 and low for now is 1274. What a free fall true the several support areas and with no bounce at all. I wrote in my previous gold article in between the comments at first how
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The sellers are strong after they have touched daily MA100 yesterday and broke the psihical 1300 support today. The selling pressure continued and they have reached 1292.42 low for now, but the bearish momentum is still strong. As you can see, at first they have broke the support trend line and daily MA100, 1300 latter on and another support trendline.
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As expected the Reserve Bank of Australia didn’t change the rates with unanimous decision. Full Governor Lowe’s monetary policy statement here 04:30 h (London time) RBA Interest Rate Decision > Previous 1.5%, Current 1.5%
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The precious metal has stuck after Brexit in between 1300 and 1375 for two months, with formed descending triangle and down trend line as strong resistance on the way up and with 1300/10 as a strong support on the way down. Possible break on the way up could be short term successful, as we have strong resistance at 1352/57, but
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The buyers are on the run after FED’s stay on hold and dovish Yellen yesterday. They have reached 1.1250 for now where the buyers have stoped today. As I see it, this trend line is the main technical reason for that, as I don’t see anything else here. Take a look at the EUR/USD move inside the channel and H4 spikes and
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