Over 20 years in trading
Well, the pair is set for this possible solution for sure, but for the beggining 1.1380/400 must be broken. I point at this levels in my previous EUR/USD analysis from October 19. The support at 1.1280/300 was serious and the pair bounced up from that level yesterday, but the sellers at 1.1380 were ready and US sesion returned the pair back down
Read moreEuro is searching for the buyers on Monday and they could be here near 1.1300. This is third red day in a row downtrend, but there is not much voulume in this selling for now. Support at 1.3340/50 looks broken now, thal level was supported with H1/MA200 in the last two days. Could euro bounce back to that level, sure it can,
Read moreLet’s take a look at monthly chart and what do we have in 2015. so far!? The pair open the 2015. with 170 pips gap at 1.1936, after wich has slided to 1.0500 until March, where the lower channel trendline stoped the fall. If you can remember, I predicted that level as strong support and possible turnover here in my
Read moreAfter the pair broke 1.1420/50 yesterday and rached 1.1488 high, it looks like that the pair was set up for the new high levels today, but… That level was intraday resistance it the begining if the day and after the European market was open, the pair slide back to the first support at 1.1420/50. Nowotny efect? It was hold there by
Read moreAfter yesterday’s slide of almost 200 pips, the Pound strike back today and return the loss in total. The support at 1.5210, in which I pointed in my yesterdays analysis manage to hold the sellers and the trendline pushed the pair back up true the MA’s 100&200 in this morning, all the way to the previous resistance at 1.5360/80. This is not
Read more
Previous moves and levels are not a guarantee of future moves and next S/R’s, it will be to obvious. You must find a new one by you’re own, before it happens. Trend lines are very helpful for this mission, use them.
Read moreThe Ponud buyers didn’t manage to break 50.0 fibo return from the September 18./30. fall in the last four days and after today’s CPI soft data and dovish BOE members, decline was inevitable. H4/MA’s 100&200 are broken, the strong support at 1.5210/30 is under heavy pressure. If this support breaks, double bottom at 1.5100/30 is possible target for the bears. Interesting
Read moreIt want be easy for the golden bulls, but as I see it, they are aiming to 1225/30 as a next target, the possible strong resistance area. As you can see, the weekly MA100 is placed there and that level is previous resistance from March/April/May 2015. On the way up, the first resistance is reached, this level today 1167, which
Read moreIt looks that the bulls will finaly manage to brake 1.1320, the strong resistance for the previous two weeks, but the fight is not over yet. There is trendline at 1.1335/40, that must be broken as well, if the euro bulls want to reach 1.1420/50 again. The pair looks bullish and this could be the right time for testing a
Read more
Marty ‘The Pit Bull’ Schwartz run his acount up from $40,000 to $20 million by trading. Mr.Schwartz have a documented record of making 1000% a year, for seven straight years, using a million of US dollars. He is also the winner of several trading Championships, most of the time making more money than all participants together. He was originaly a Wall Street
Read moreThe Pound has find a bottom at October 01., after nine falling days in a row. Could we have another climb back over the fibo stairs, like it was in the middle of September? It looks to me that the the Pound could cover 38.2 fibo return today, but it will be interesting to see how the bulls will manage that level?
Read moreThere is no rate hike from FED and the question is whether it will be in 2016. as well, but the gold is still shy. On the other hand, it keeps the gain from Friday after NFP. The gold jumped to 1140 and that is the resistance which I mentioned in my gold analysis from September 28. This is the third
Read moreAs I pointed in my previous EUR/USD analysis from September 28., the pair stoped on the way up at 1.1320, after bad NFP numbers on Friday. That level was the clear sellers teritory. There are two daily burning candles from Friday and Monday now, but on the way down there is up trendline and daily MA100 and 200 as support
Read more
Forex Trader 