Over 20 years in trading
You can see exactly here in this GOLD 1 minute chart with SR levels and trend lines. This is just happening in the market, the gold sellers are strong and they are trying to reach new low for Gold in the last 5 years. I pointed in my previous gold analysis in this possibility and here we are, cent by cent
Read moreTerrorist attack in France and military respons in Syria pushed precious metal to 1198, but the sellers was ready there and stop the panic at technical resistance level. At first, gold opened the week with $7 gap at 1189, after wich the traders tryed to fill that gap, but the trendline stop the return at 1186 and the buyers pushed
Read moreEuro is trying to recover some loss, after 5 days in a row defending of 1.0700. As I pointed in my previous EUR/USD analysis, the pair has find sellers bellow 1.0850 and this is the first serious resistance on the way up. But, the buyers teritory is way above that level at 1.1150 and that is the level where the buyers
Read moreI followed the USD/CAD consolidation in this channel for few days and todays break after the oil slump. Well, the pair reached resistance now, which start in 1.3315/20 > 1.3350/65 the stronger one. Let’s see how will sellers react now and can the buyers break this. If not, decline back toward 1.3250/60 is possible. US dollar is strong today for now,
Read moreSix FED’s members will have speech today, starting at 14:15 h (GMT) > Bullard, 14:30 h > Yellen, 14:45 h > Lacker, 15:00 h > Stanley Fisher, 15:15 h > Evans, 17:15 h > William Dudley. There is not much moves in the last couple of days, it’s almost booring. Could they drop something bombastic and make a stronger move? Here is
Read moreIn about 20 minutes, 13:15 h (GMT), Mr.Draghi will have speech, of how the ECB observes the current European economy. You all know, that President’s comments lately has a negative impact on the euro, but never sure how the market will react and how will realize his outlook. He is known as Mr.Dovish, there is no doubt about that, but… Be very careful! Edit
Read moreIt’s not easy to get away from the bear hug, but the euro is trying. As I pointed in my last EUR/USD analysis from November 09. the pair has reached next support at 1.0650/80 yesterday, after wich the buyers have reacted and returned the pair up to 1.0773 high in this morning, but the sellers still have control here, you can
Read moreThis is more for the rookies in this industry, but here is my view/example on how to take a good position, short EUR/USD in this case, intra-day and day-long. It’s easy to see that the down trend is for days, even weeks in this pair. After huge decline on Friday, caused by good numbers for the US dollar, the pair is trying
Read more1.5500 and daily MA100 was tough level for the buyers, which I pointed in my previous GBP/USD analysis from October 14., after wich the pair didn’t manage to break that level for days. Last week and the US dollar stenght pull this pair down as well and the pair fell from 1.5500 all the way to 1.5026 low, where the buyers
Read moreThe sellers remain in control. The precious metal is holding steady near the 5 years low and the low from 2015. Sure, the sellers would like go a step lower, maybe even to try the low from February 2010., 1044 level!? Today, gold buyers showed the will to recover the shiney metal, but they have manage to reach only 1094,
Read moreSome major weekly levels have been broken on Friday after the strong NFP numbers and it looks like the US dollar have the advantage for the up coming weeks, before December important meetings. Technicaly, this is what I see now. The fall stoped here at 1.0705, near the possible stronger euro support at 1.0650/80, the support level from April. That could
Read moreThis could be a ‘huge mover’ today, because, it could be an indicator for December FED’s meeting and for decision of the possibility for the rate hike. Sure, there is no guarantees the FED will do that in 2015., but on my point of view, today’s much better numbers could move the market strongly in favor of the US dollar and break
Read moreI am following weekly charts in the last couple of days because of this. As You can see, the US dollar in on huge test here. For now, only USD/JPY have a possible breakout, but still not confirmed, it’s Wednesday. All others; EUR/USD, GOLD, USD index are still in range, bellow resistance or above the support. Take a look, it’s very
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