Over 20 years in trading
Exactly as I have predicted in my USD/CAD analysis from April 29., the US dollar stoped the fall near 1.2400 and retuned the price up from that level. My headline in that article was, ‘it looks like there is no end, but there is’ and you can see the result in the last 10 days. The buyers broke first resistance at 1.2750/800
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It’s preaty clear what I want to say with this quote. Most of the forex traders want to trade for others and they don’t know how to make money for them selfs. I can say from my experience that, trading for others is way much harder then trading for you’re personal accounts. It takes huge experience for this kind of
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At first, I will show you my EUR/USD pre NFP and NFP trade, how I did it and why!? Everything is writen in my chart and you can see clearly why I have opened short trade yesterday after support level was broken, why I have closed the same manualy on the next confirmed support and opened a new, the long
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Nonfarm payrolls is an employment report released monthly, usually on the first Friday of every month, and heavily affects the US dollar, the bond market and the stock market. Total NFP payroll employment increased by 215K in March, lower then an upward revised 245K from February, but slightly better then expected 205K. For April 2016. the market expectation is approximately
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I am and let me show you why and how!? It was realy easy trade based on my expectation which I wrote in my ‘RBA Monetary Policy Statement’ article. This was trade in combination of the fundaments and technical analysis, what I like the most. As I wrote in my article, RBA cut cash rate on Tuesday to 1.75% and that was
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The Reserve Bank of Australia on Tuesday cut the cash rate to a record low of 1.75 percent in a bid to head off falling prices and an economic slowdown. The first in a year came less than a week after a shock drop in core inflation, to well below the central bank’s 2 percent to 3 percent target. Most economists expect
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And that’s exactly what I wrote in my previous analysis if the buyers failed again at 1.1500! Shooting star and fail brake on Tuesday, May 03. returned the pair in the favor of the bears. As I wrote in my EUR/USD analysis from May 02., that was possible last chance for the buyers to break that level, but they didn’t manage despite
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Strong pressure from the sellers today for the second time and gold reached 1272, the lower/stronger support line after 1275 from the European session. I pointed in this level as support in my Gold analysis from May 02. in wich I have pointed at the strong resistance above the 1300 level as well. Gold started day with fall at first
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With the latest gbp/usd analysis from today, the number of my technical analysis in this blog is round 500 in total. 🙂 Since I am writing my blog, at first fx24seven.com from November 2014. and forextrader.live since January 2016., must say that this is really a respectable number. I hope that you have found something for you in between, in the
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The US dollar has returned daily loss here in total and based on my analysis, this trend line is technical reason for that. As I see this furder, 1.4820/50 could be even the stronger resistance area, with bigger sellers in that place and if the pair manage to reach that, it could be interesting place for short orders. On the other hand, 1.4440/70
Read moreAs I wrote in my EUR/USD analysis from last week, the buyers will try to attack this resistance one more time and they are here with 1.1492 hig for now. Despite this attack, it still looks like they don’t have enough strenght for this resistance and it’s a question can thay reach the huge stops above the 1.1500/35? We know
Read moreWhat an effort from the buyers, but 1300 is reached! On this level the precious metal was last time in January 2015. and last week was very important for the buyers. After 2 months closing bellow the monthly MA100, they finally closed the price above that level in April at 1292, what gives an additional power for them in the beginning of
Read moreUSD/CAD is falling from January and fall in total is more then 2000 pips until today. You can see that the pair is still sliding down over the support trend line, toward the possible support and turnover place in my point of view, near the 1.2400. I see that level as an possible reversal point and turnover from that level could
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