Over 20 years in trading
All important news which are coming true the wires are negative for the US dollar, but anyway, the USD index is trying to return the lost teritory, no matter that this is very strong technical resistance. At first, ECB’s Weidmann said that furder QE is not necessary now, hour latter FED’s harker said that it’s better to wait for stronger
Read moreIf you take a look at my H4 chart, you can see an ascending triangle and possible break up, but only if the buyers manage to pass true the 1.1190/205 resistance. Possible target is 1.1260 > 1.1300. On the way down, H4 up trend line is holding first, daily the stronger one second at 1.1120/30. Let’s see what will happen
Read moreAs I pointed yesterday in my gold analysis, the buyers were ready for action at 1190/95 and they have took over the gold at the exact level, with low at 1190.90 today! After the level has defended, the buyers have reversed the precious metal up and for now reached 1217. They are aiming to the first resistance level at 1220,
Read moreYou can see in my weekly chart that the Aussie is trying to brake this strong weekly down trend line and if the buyers manage to brake this, the Aussie will attack 0.7400 for the fourth time. In this case, I see a possible attack at the 0.7600 level. What needs to happen now? At first, this trend line must be broken, after
Read moreWhen I start to write my first blog fx24seven.com I was more then surprise in the first month of my writing with 3046 views and 1037 unique visitors. Well, what can I say now with my new blog forextrader.live after only 20 days of active writing with more then 11,400 views and with more then 5,100 unique visitors from 104
Read moreEveryone loves CHF and JPY in these days, but the investors have fear of the possible SNB’s and BOJ’s intevention in the market. That’s why they have turned into US dollar in the last two days, Friday/Monday. It seams that ‘the talk’ from the central bankers wasn’t so innocent as we tought in the previous week and the market moves
Read moreTough beginning of the week for the precious metal which is sliding backward all day, start from 1235, reached the low at 1208 for now. Where are the buyers? In my point of view, they are waiting at aprox 1200>1195>1190 and that could be the strong support if the gold falls to that level. This is already huge decline, but
Read moreAs I wrote in my previous EUR/USD analysis from February 12., I expect for the pair to slide back in this week and that’s how the week has began. Since Asian sesion opened, the pair is slowly falling and for now it reached daily MA200 at 1.1190. First minnor support is at 1.1150/60, follows the stronger one at 1.1045/70 after
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Small mistakes can’t teach you nothing, but when you make a big one, you will remember that for a long time. That thoughts will keep you on focus next time and it will force you not to repeat it again.
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Most begginers think that trading forex is easy money!? Why? Because, so many FX marketing activities encourages you to trade with large leverages, promising you large returns on small amount of initial capital. When begginers see this kind of ‘marketing’ they think that Forex is easy. It’s apsolutely not and I am sure if you read this article, that most of
Read moreHere we are a year latter, EUR/USD is on the same place. You can see the consolidation range during the 2015. in my weekly chart, in between 1.0460 and 1.1530. There was only one attempt to break up, or could we say to collect the stops, when the huge players have reached 1.1712 in August 2015. Here we are in
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What to write after this? Well, this was an unusual and rear day in the market with the precious metal for sure. It’s not that something like this didn’t happen before, it did and it happens with gold each year. But, moves like this are realy something special, from wich you can take best you can or you can be
Read moreWhat a two weeks on gold, woow! I can’t find something similar in a long time and this is only an idication of how much investors are afraid in the moment. Talk about possiblity of interevention from the SNB and BOJ stoped the CHF and JPY, but gold… Who will intervene here? I wrote in my previous gold analysis in
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Forex Trader 