Over 20 years in trading
FED stays at 0,25% and I took that opportunitie at EUR/USD. I am already out, closed my long at 1.1408, but here is how I did it and why, where I have placed my long, target, my SL, everything. I wrote about my expetations with the interest rates for several times, I just waited for the confirmation and do it.
Read moreWill this really be judgment day or just an ordinary day with a lot of expectations? All I can do today is, to repet my article from June 17. I made this DOVE/HAWK/MODERATE chart before last meeting, so that we could more precisely see which members are more or less dovish/hawkish. As you can see, there is more dovish FOMC members with average
Read moreAnd, it seams that they don’t expect the rate hike tomorow!? The gold has finaly move from 1100 level, where the precious metal has find a decent buyers in the last 6 days. Started the day at 1104, the gold is reached high for now at 1118.60, the previous support from August and begining of September. It seams that that level could
Read moreIn my previous EUR/USD analysis from September 11. I pointed at this 1.1350/70 as an important for the bulls. The pair aproached ‘too easy’ on Monday at that level, after wich it wasn’t hard to hold the line for the bears. The euro bulls hold the first line at 1.1290/300 until Tuesday afternoon, after wich the bears reached the next
Read moreLet’s take a look at the end of the week at EUR/USD. Based on my previous analysis from September 08. you can see, that the bulls have manage to defend 1.1130/40 after wich they have attack and broke the trendline. As I wrote it could happen, 1.1230/40 stoped the pair, after wich the pair fell to outer side of the
Read moreYes, again after August 27. The pair broke daily MA200 at 120.80 today and closing the day above that level could provide a solid support in the coming days. If the pair close the day bellow, that level could become the first resistance on the way up. You can see at H4 chart that MA100 is broken as well, the bulls
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Yes, it is possible to be lucky for days and to make a huge gain during the one way trend, but after the market changes, very soon you will realize that you don’t have nothing left on you’re account. But, I am sure that many of you have already experienced this.
Read moreWell, what can I say? I am covering almost the whole world with my blog, 132 countries are here with me. I know that I write rear in the last couple of months, it’s summer here and I use those hot days to relax from the market. But, I am trying to cover what the most important is for you
Read moreFriday and NFP move was very interesting to follow, isn’t it!? Well, as I pointed, 1.1090/110 has defended for now and the pair manage to reach 1.1230 resistance during the Asian sesion in early Tuesday, the resistance level I pointed in my EUR/USD analysis from September 03. The pair retreated now at 1.1165/75, the level which hold the pair on the
Read moreI capted the move in the M5 chart today, take a look how the EUR/USD have reacted during the NFP data release today. At first, the NFP numbers were out and the pair jumped to 1.1184 high, only second latter, the Average Earnings was released and the numbers were in the line of expetations, moment latter Unemployement data was out, better
Read moreThe market players were right, lower forcast and revision of growth from ECB shake the euro. On the main currency pair EUR/USD, daily MA100 and trendline stoped the fall at 1.1106, after wich the euro rebounded back to 1.1150. There is minor resistance now at 1.1150/65 after wich comes the stronger one at 1.1230/40, the resistance from this morning. On
Read moreParty is coming up!? 🙂 Just kidding, I am not expecting any changes in the ECB’s monetary policy today. The main rate, decision coming up at 11:45 h (GMT), should remain at 0,05%. In that case, the market could stay steady and calm. But, we could see some action and market moves during the Press Conference at 12:30 h (GMT). Mr. Draghi could
Read moreTrend lines, support levels, daily moving averages 100 & 200. Is there anything else? The Pound is falling for 7 days in a row, breaking all supports in front. Decline started from the level 1.5800, only one day after the bulls have manage to broke strong weekly resistance at 1.5650/700. The pair reached 1.5263 low for now, where is the minor support
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