Over 20 years in trading
As 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 moreThere is more then 20 days behind us in wich USD/JPY is moving in between this two trend lines. It’s not strange move after the strom and biggest daily fall since 1998. Daily MA200 is helping the sellers at aprox 120.90 if the trendline fail, support on the 119.00/30 is the place for the buyers. Is it time for the pair to
Read moreGold is breaking down trend lines on the way up each time, but daily MA100 hold the bulls for the third time since June. This time, level 1152/57 has stop the furder gain and gold returned back true the previous support at 1140 today, all the way to 1130 for now. This is also a minnor support, the stronger one
Read moreEUR/USD manage to close the last week above the daily MA200 at 1.1204 and open the nwe one at the same level. For now, the pair is neutral, moving between daily MA100 and 200 in the last couple of days. On the lower side, first buyers are placed 1.1140/60 > 1.1100, at 1.1000 are the serious bulls. On the way
Read moreTough week for the euro lovers, if there is any!? I usualy analyse at daily chart, but in the last couple of analysis at EUR/USD you sow my prediction targets at H4 charts for intra-day trading and they were good. Well, the pair reached my predicted support at 1.1100 today and that level hold for now, but the furder decline is
Read moreUS dollar buyers have no mercy and strikes back all over the market in the last couple of days. Technical levels works fine, let’s take a look could we have an inverse H&S here at daily chart? It’s obvious that we have head at 0.6900, neckline at 0.7250, one shoulder at 0.700 for now, second colud be here as well. But, what
Read moreOn September 18. I wrote about the return of the Pound and here we are only several days latter, the US dollar strike back hard! The pair is back to Daily MA200 at 1.5345 today and it has erase all gain from September 16./17. As I see it, there is H&S formation in the H1 chart and there is possible H&S
Read more
There is a thin line in between failure and success and you must be aware of this, because that tought will keep you focused 100% all the time.
Read moreDaily MA100 is placed at 1.1148 and daily MA200 at 1.1211 and that is todays EUR/USD range. The pair is also broke H4/MA200 (yellow) and as you can see, it can’t go back over. Yesterday I wrote about this possible channel brake and decline and I was wright, the euro is falling furder. Based on the last three days here, you
Read moreI always write this, forex is the toughest job in the world. Why? Based on my huge personal experience by trading. So, it’s not surprise to me, that every single day I have messages with questions like; Can you help me sir, I’ve lost all my money by trading!? Unfortunately, I can’t help in that case, it’s to late. All I can
Read moreHow else to describe a failed attempt to brake the 1.1440/60 on Friday? I was pointed at that level for several times last week, as an very important level for furder gain, but it seams that the sellers were more serious then the buyers. What interesting was on Friday, when everybody thinks that the week is over, the sellers broke 1.1340/50 support and the pair
Read moreIn my last GBP/USD analysis from September 02. I pointed at fist line of defence and possible target for the bears at 1.5160/80 and the pair reached exact that level at September 07., 1.5164 low. After 9 days fall in a row, the Pound finaly find the buyers there and the buyers were serious. Here we are, the second weekly
Read moreI had a little fun yesterday during the FED’s interest rate decision, you know me. 🙂 Let’s see what do we have today? After the pair reached high of 1.1440 after FED, the sellers have take over the ‘game’ and the euro find the buyers at 1.1390 during the Asian sesion. As you can see, ‘the Europe’ is trying to
Read more
Forex Trader 