Over 20 years in trading
Watch up and be careful if you trade Aussie tonight, it could be sharp moves. The Aussie is one of the main currencies to watch over Chinese GDP data. 02:00 h (gmt) – GDP yoy Q4. – Previous 6,9%, consensus 6,8%. Update > 6,8% 02:00 h (gmt) – GDP qoq Q4. – Previous 1,8%, consensus 1,7%. Update > 1,6% At
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Most people are searching for an easy way to become rich and I know the most of the forex traders think the same. But, as I always wrote in my articles, there is no easy money nowhere, especially not in this job. Because of the great opportunities that forex offers every month, week, day and hour many traders are willing to invest
Read moreWhen you take a look at ‘my required numbers’, you will probably say: Wow, this is so easy to do! Well, it’s not so easy as it looks like. How I know that? Take a look 3 years back and see what you have done until today? What result have you made by trading? Nothing!? Only loss!? 20 procent in
Read moreReuters article is boosting the euro strong. As they write, the members of the ECB are sceptical about need for the furder easing in near term. The euro buyers took that news seriously and push the pair for 80 pips up, from 1.0850 to 1.0930 for now. As we can see, the 1.0800 support holds the sellers again yesterday and return
Read moreUSD index is moving true the up trend daily channel from December, with strong support at 97.00 and solid resistance from 99.20 > 99.60. In the beginning of December it touched 100.50 after wich has sharply fell back to 97.70 in just one day. Since then, the bulls have take over the 97.20 level, at outer weekly trendline and manage to build
Read moreAs I pointed in my USD/CAD analysis from January 08., the pair has reached the weekly trend line yesterday with high of 1.4314 and turned back today, for now to 1.4200, searching for the new buyers. This is the previous resistance and possible strong support, all the way to 1.4170. The bigger buyers are waiting at 1.40. On the way up, this
Read moreWith low at 13.63 in December, silver reached the lowest level since September 2009. But, the bearish trend could continue and the sellers could try to reach the low from 2008. at 8.50/9.00!? On the way down before that, the only stronger support is waiting at 11.80, the low from the beginning of 2009. For now, the silver is holding on support from
Read moreIn the forex market, each day we participate in the battle between bulls, who are buying and pushing the prices up and the bears, who are selling, pushing the prices down. The side and the price of the currency pair is changing from minute to minute, keeping active both sides, as long as one of them win at the end of the day. Since you are
Read moreWith a last week braketrue bellow 1.4600, the Pound is literally hammered vs US dollar and it want be easy to recover from this level. On the way up, in my point of view, 1.4650/700 will be a very strong resistance and sellers teritory, if the Pound manage to recover in the first place. The fall stoped at 1.4500 last
Read moreI don’t analyse WTI crude oil often, but at December 10.2014. I have made an analysis and my view for the price in 2015. Quess what, it happend exactly as I predicted. After the WTI crude oil price fall bellow 60 usd, there was no chance for same to recover above, and that level has become strong resistance in 2015.
Read moreGreat week and beggining of the year for the USD/CAD. You can see in my analysis, how the pair is moving true the weekly up trend channel, but before the resistance line from inner side, it reached the resistance level at 1.4150/200, the previous resistance and level from July/August 2003. The pair opened the 2016. at the strong weekly support
Read moreIn my gold trade from January 05., which I have presented yesterday here, you can see how huge can be difference between short term and long term trading and what is the ‘risk’ from long term trading, if you are a retail trader. But, can we call that as a risk and how to react properly in the situations like this
Read moreAs I wrote in my previous EUR/USD analysis from January 04., that despite the bullish beggining of the year, the pair could fall down after it touched the down trend line, it did at the same day. But, the pair has find a buyers at 1.0710, near my predicted support and they have pushed the euro strongly up yesterday, again
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Forex Trader 