Over 20 years in trading
Gold is not favorable for 5 weeks in a row and technical picture is still in favor of the bears. Daily MA100 is holding on the way up for the last three days and you can see how the precious metal is moving true the symmetrical triangle in my chart. The support at 1200 is more a pshisical then technical and
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Are you ready for today’s decision and press conference? What to expect from Mr.Draghi and could we see another run in front of the euro bulls? Well, the several major banks expect no changes in monetary policy, with main focus on implementation of corporate sector purchase program (CSPP) and new LTRO-II. If the ECB will stay with policy on hold, press conference will be
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It’s 22 days, 6 hours and 30 minutes until the official Refrendum and the tight polls results are all ove the news. Most of them are showing that aprox the 3% is in favor of the ‘leave the EU’ voters and this is what effects the Pound in the market strongly now. It will be hard to trade the Pound in June
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Could we see a reversal toward 0.7700 here? Well, based on my analysis this is possible move, if this will be a temporary bottom at 0.7120/50 for now!? The Aussie reached daily MA200 at 0.7250 today and this is important level because it’s the last day in May. If the pair stayed bellow today, in the beginning of June we could see another
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Check my gold analysis from May 24. and see how accurate my gold move prediction is. I hope that you read carefully what I am writing and not only looking at my chart and my important levels what I am marking mostly. It’s imposible for me to write and draw on all TF’s and it’s important for you that you read
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As you can see, it’s not an easy level for the buyers and it will be interesting to see how serious they are now!? What will be even more interesting is how the sellers will react if the buyers manage to reach 111.60/80, the strong resistance area in my point of view… Daily MA100 is placed above that resistance on 112.75 now
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If you take a look at my gold analysis from May 16. this is the level on wich I have pointed as possible target for the sellers. They have reached 1230 low today for now and the complete recent gain from end of the April is erased. 1282/87 fail break was indication for me that this could happen here and
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Too bad that the price didn’t reach my target, which was only several pips below the lowest price. To be honest, I was followed the move all day and I was sure that the price will hit my TP, but it’s not. Gold found the bottom at 1244, after wich the price returned up, as I see at the first resistance
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What to expect from FOMC today? More empty talk or specific indication of the possible rate hike? Well, the US dollar bulls are aware of the Euro weakness and this technical picture shows that they are right and placed on the right side, in the EUR/USD short positions. Sure, the market reaction on realease could be on both sides and these
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.1 percent before seasonal adjustment… More details. – Consumer Price Index (MoM) April > Previous 0.1%, Consensus 0.3%, Current > 0.4%! – Consumer Price Index
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The precious metal touched 1288 high today after the buyers have broke the down trend line. They have probably tought they can target the next resistance, but the sellers have took over and returned gold down sharply to 1274 at first and to 1271 after. H1/MA200 was broken in this first attack, H1/MA200 is holding for now. Daily candle looks burned now,
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Let’s take a look at the weekly EUR/USD chart once again. In this analysis you can see why the bears are still strong here and why only above the 1.1700 we could expect for the bulls to take over. Is it possible to see this breakout in 2016.? Well, anything is possible in forex as you know and all we
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If you can remember my USD/JPY analysis from February 23., I wrote in wich level the BOJ could be ready and I pointed 105.00/50 as the possible one. As you can see, after the pair reached that level, the BOJ is talking about possible intervention in the FX market for days, in the last two we can hear that specificly from the
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