Over 20 years in trading
Last time I analysed USD/CAD on January 09. and 13. I have pointed on this weekly channel. If we excluse the strong bullish momentum and obvious ‘SL hunting move’ before 8 weeks, the weekly channel and move true looks perfect. We can see that, the lower line stoped the fall at 1.3260, after 7 red weeks in a row and I have
Read moreAfter interesting last week and especialy Friday, the EUR/USD is settle in between the daily MA100 and 200, with slightly bullish tone. We know that, the Friday’s move was forced by the big players in expectation of the ECB’s meeting in this Thursday, March 10. Could we expect furder easing from Draghi? Yes we can and for sure that this
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For sure I am not! I wrote before two days in my EUR/USD analysis that, something like this will happen and that the stops are in danger in around this level, above the technical strong resistances. After the NFP data was out much stronger then expectation, many of the small retail traders tought that the US dollar will benefit huge from that,
Read more13:30 h (GMT) – Nonafrm Payrolls (Feb)!!! – Previous 151K > Consensus 190K! Update > 242K!!! 13:30 h (GMT) – Unemployment Rate (Feb)!!! – Previous 4,9% > Consensus 4,9%! Update > 4,9%!!!
Read moreThird green month in a row for the precious metal and second attack on monthly MA100, which has stop the buyers in February. Gold bulls broke the triangle yesterday and previous resistance at 1265, after wich the bullish momentum continued today as well. High of the day is 1274.84 and it’s not a question of resistance level in this area, but the monthly
Read moreBoring week on EUR/USD and it’s not a surprise if we know that the ECB and Mr.Draghi is coming with Interest Rates next week. The euro is finaly caught the air after 4 days on pressure and it bounced from the support at 1.0820/30, but a quite strong resistance is on the way up. At first, there is daily MA100 and trend line at
Read moreThird bullish day in a row and the real one today for the Pound lovers. You can see in my analysis how the pair found support and turn the bearish into a bullish momentum, at this ‘broken’ up trend line in the last two days. For now the pair reached 1.4060 and the buyers are trying to push the Pound true the
Read moreGold buyers are trying to push the price up, but strong daily down trend line is holding on the way up at 1247 today. You can see on my chart that the gold is moving true the daily triangle in the last two weeks, after the precious metal has reached Monthly MA100 on February 11. It’s bullish in the last
Read moreI wrote in my EUR/USD analysis from Friday that the support 1.0910/40 will stop the fall and it did, from where the pair bounced up and close the day and week at 1.0939. But, despite the bullish beginning of the new week in which the euro reached daily MA100 and high of 1.0962, previous support trend lines are now the resistances.
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Each week I recive a few messages about complete loss on account and no matter that I always write about the risk, it seams to me that’s not something interesting for the readers. I don’t know why, because it’s the most important issue in the forex market. I am not a magican and I can’t help each of you separately,
Read moreHere we are again at daily MA100 and at the important support for the euro. This time the sellers looks stronger then before two days, when they surrendered at 1.0956. Can the buyers defend this level again and turn the pair in they favor one more time? As I have already wrote in my previous EUR/USD analysis, this level at 1.0910/40
Read moreThe United States will publish its preliminary report of the Gross Domestic Product for the last quarter of 2015. The release will provide market with clues on how the US economy is performing and whether they can expect a furder tightening of monetary policy from FED. We will see how the market will react on possible slowdown and revision for Q4!?
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I have chosen the US dollar index to show you this, because of the importance of the same in the market. But it’s the same thing in all currency pairs, commodities, stock market indices… You probably think now, hey what the hell is this, right!? But, if you look closely, you will see the highest importance of the SR levels and trend
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