Over 20 years in trading
I am still on vacation, but I am looking at the market from time to time and I’ve notice something interesting on gold. Sure, it’s not indicated what happens before, but it could be something worth to watch and consider about. Take a look at this levels and possible turnover here. 1070/80 is the key support for now, if gold
Read moreI need a break from the market, trading, of analyzing, from a blog, of Facebook, of everthing. I’l be back eventualy, it’s time to recharge my batteries at the beach with family, grilled fish and song. This is an unwritten rule and should be followed when you feel that you need. Take care and be careful!
Read moreI am following EUR/USD at M5 chart, which is unusual for me, but take a look at my analysis here. How easy the bears are returning the lost teritory now, pip by pip. Like there is no buyers at all!? Even the pair has broke daily MA100 on the way up at 1.1018 and reach high of 1.1082, the sellers have
Read moreGold can’t catch the breath, the selling pressure is huge. You can see at my chart, that monthly MA100 at 1215 has blocked the gold on every attempt to recovery in the last 5 months. On the way down, 1131, the low from November 2014. which is low of the last 5 years as well, is the last support before furder decline toward 1080 >
Read moreUSD/JPY opened the week with -50 pips gap at 122.33 and that was the low of the day at my platform, from where the pair start to rise, broke strong resistance at 122.80/123.00 easy and it didn’t stop until 123.49, the high of the day for now, where the pair has found a resistance in the last 6 hours. Support
Read moreFinally some positive news for Greece and EUR/USD fell for 100 pips. I can’t tell and I don’t want to speculate why the reaction is not in the opposite direction, but if we take a look at previous market reactions on the bad news, this is not surprise, right!? After the pair bounced up to 1.1196 and hit down trendline, selling pressure start
Read moreThe pair slided on Wednesday for 200 pips in fear of the stock markets crush and reached an important suport level at 120.40/60, which I pointed in my analysis from July 08. The buyers were ready there and took over the control, after wich they have pushed the pair back to the beggining, only two days latter. Here we are, 100%
Read moreEUR/USD rises on hope for an agreement between Greece and the EU and this is just a minor positive reaction at Greek concrete bailout proposal. Finaly some concrete move from Tsipras. Technicaly, the pair is struggling today with yesterday’s strong resistance at 1.1120/30 from were the pair has crushed to 1.0990, where the buyers have taken over last night. The pair
Read moreUSD/JPY is falling like a rock from the start of the day, Japanese currency has strengthened 1,55% today versus US dollar. The pair opened the day at 122.55 after wich is fell for almost 200 pips, wich is not usual here and it reached 120.61 low for now. Daily MA100 is broken at 121.01, it looks like there is no
Read moreIt looks like that gold finally found the buyers at 1147 level, but there is no stronger move up from this level for now. Yesterday’s low at 1148 and today’s at 1147 could be support and low for now, but despite US dollar weaknes, the gold is calm and don’t react as usual. I wrote for several times that gold moves
Read moreAfter yesterday’s slide down to 1.0916, the pair manage to bounce at the end of the day and close above 1.1000. During the night at the Asian sesion, 1.0972 supported the pair, the previous support from July 06. after wich the pair bouced up again and reached yesterday’s resistance at 1.1058 high. Daily MA100 is placed today at 1.1030, it
Read moreI didn’t want anything to write on Friday, and today I’m not in the mood as well. Why? Well, there is so many headlines and talk of ‘nothing’, which is moving the market with no sense. But, tehnical analysis works despite everything and all I see is the levels I pointed here before. Greek saga continues, bears are still angry because
Read moreIn about an hour, (12:30 h GMT), NFP numbers and US unemployment data will be released. Previous numbers: unemployment 5,5%, Jobless claims were strong with 280K, consesus is 270K, for unemployment 5,4%. Better and expected numbers can give additional boost to the already strong US dollar in the last couple of days. Sharp moves are possible all over the market, be careful.
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Forex Trader 