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US dollar strenght lead the Pound lower despite good GDP data from the UK. You can see how the pair hit the down trednline exactly when the data was realised and turn the pair down true the first support. The previous strong support and important psihological level at 1.5000/30 is holding again. The pair is slightly recovered and the bulls will
Read moreBut, it’s not that the bulls didn’t try yesterday. They have manage to make a turnover from 1.0565 and reached the high of 1.0641 quickly during the US session. The selleres were ready again and return the pair to 1.0620, where it holds during the whole Asian sesion in a tight range of 10-15 pips. In the European opening the pair fell
Read moreThe pair is falling slowly for days, weeks, but there is some indication that this level could turn over the pair up strongly, well, on my point of view. If the bulls manage to take over here and they are trying, boost up could be strong, toward 1.0750 > 1.0800. As I have already wrote in my previous analysis, there
Read moreThere is no shine for gold here, the sellers are still in control. The previous strong support from July/August at 1075/80 is turn up in to strong resistance now and the buyers can’t turnover the shiny metal for now, it’s not that they didn’t try. Daily down trend line is holding on the way up as well and it’s possible
Read moreThe pair is falling slowly but steady for days and today we have another low in the last 7 months, round 1.0600 for now. Trend lines are all over the place and the sellers are positioned at various locations on the way up. There is no major support here, at least I can’t see it, except these trend lines and previous support from
Read moreIn the last couple of days, the US dollar was near the high level from January 15. (1.0220). That was the day, when the SNB has removed EUR/CHF 1.20 floor and shake the whole FX market, financial world as well. That move caused so many troubles with CHF pairs in the market, but the US dollar start to return the
Read moreAussie’s strenght on Friday was a little strange despite US dolar, breaking some strong resistances on the way up. But today, in the beggining of the new week, everything is back to ‘normal’ and the US dollar has returned lost teritory during the Asian sesion. As I pointed in my AUD/USD analysis from Friday, last daily MA100 break from June
Read moreAussie is breaking resistances one by one and marching forward up strongly in the last two days. If the bulls remain so strong, next target is 0.7300 > 0.7370. Last time, when the Aussie close the day above daily MA100 was June 18., but it didnt’t last long. Could this time daily MA100 provide a solid support on the way
Read moreEuro is trying to recover, and the bears went totally insane. How do you dare to recover? It looks like, that yesterday’s FOMC minutes are telling more then we see from statement. I have pointed in my previous EUR/USD analysis, that this resistance at 1.0700/20 is very strong and you can see how hard bettle is this now, amaizing. This chart is
Read moreThe Aussie bulls have defend a very important 0.7060/80 support yesterday after the FOMC minutes. After the buyers have take over the pair, they have reached down trend line and MA100 until end of the day and during the Asian sesion, they have manage to get true, all the way to my predicted resistance, 0.7150/70. For now, the buyers are trying to
Read moreAs we can see, the US dollar is set up for new hights before FOMC. The bulls are optimistic and they are waiting for FED’s December rate hike hint today. US dollar index is at the new high already 99.86 for now, the high from April is almost reached, and the high from March at 100.38 is near. EUR/USD is testing the previous
Read moreAussie can’t get out of the bear hug as well, sellers are ready at H4 down trend each time when the buyers try to respond. The resistance is providing the H4/MA100 as well (red), you can see the several burned candles under the line. The previous resistance at 0.7070 stoped the fall yesterday and return the pair just under the
Read moreThe euro has find buyers at 1.0630, near the low level in the last 12 years, 1.0460/500. For now, the pair rebounded to 1.0670, but there is a hard road on the way up. First strong resistance is here at 1.0670/80, the previous strong support for days, next one is just above at 1.0700/20. That level could be crucial for the euro,
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