Over 20 years in trading
The Pound has returned 50% loss of the huge July 2014. > April 2015. fall, with high of 1.5929 for now. Even the pair was near this level before 5 weeks, 1.5800 was to much then and US dollar bulls has retuned the pair down to 23.6 fibo at 1.5170, to the level which has supported the British currency in the
Read moreIn about 20 minutes (07:30 h GMT), we have an SNB Interest rate decision and Press Conference. Previous key rate is -0,75%! Could we see more cut from Jordan, he said that Swiss Franc is to strong and that it hurts Swiss economy. Let’s see the SNB’s decision!? >>> Edit: 07:40 h (GMT) – SNB leaves Interest rate unchanged at
Read moreInteresting day, isn’t it!? EUR/USD fell down to 1.1200 support once more, after wich the pair get wings during the Fed’s Yellen press conference, reached 1.1357 high for now. Regardless of the strong bullish trend, the euro didn’t manage to catch 1.1380/90, the previous resistance from June 04./06. Could it be reached until end of the day? 1.1350 is the
Read moreBased on the available data from the Deutsche Bank I made this DOVE/HAWK/MODERATE chart, 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 of 1.8 in total, which is not near for the easy hike rate decision in 2015. Data dependent members are: Janet Yellen, Stanley
Read moreDuring my FX career I have experienced a lot of things in the market, but this is the one most important, target! Recent develompent in the EUR/USD remind me on this, lot’s of up and downs or as I call this, the roller coaster. But, everthing is happens between the support/resistance levels, you can check my analysis to see that.
Read moreThe pair is under strong pressure for 6 hours, reached 1.1208 low for now after 1.1328 high in the morning. The reason? There is no particular reason as I know, but I wrote today that, this will be the hard fight between bulls and bears here and someone will be busted at the end. Today, the ‘small longs’ were busted.
Read moreEUR/USD jumped almost 100 pips and returned back 50% for now, but as I see it, the buyers are ready to bust EUR/USD shorts here. Sellers are ready and waiting at 1.1340/50 > 1.1380/90 > 1.1450/60, they will not give up easy. Buyers have a little bigger teritory 1.1250/60 > 1.1180/200 > 1.1150 > 1.1030/80 and they have advantage for
Read moreIn about 30 minutes (13:00 GMT), Mr.Draghi will have the introductory statement at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels. Could we expect some volatility in the euro pairs? Always when Super Mario is talking, especialy in the days like this. Be careful!
Read moreThe bulls are trying to brake 123.75 for third day in a row and they wan’t give up. In the last two days, Friday/Monday, the pair was supported at 123.13/14. Fantastic accuracy beacuse only one pip low difference in two days, but on the other side, the sellers are ready here at 123.65/75 as well and they are serious. Is this
Read moreIt was interesting Friday, isn’t it? EUR/USD get wings after the pair touched H4/MA100 at 1.1150 anf fly high all the way to 1.1296, after wich the pair retreated back to 1.1253 and close the week. Well, news over the weekend wasn’t optimistic for the Greek deal and the pair opened the week with 24 pips minus gap, at 1.1219.
Read moreFrau Merkel try to brake the euro today, but the european curency wan’t give up and it celebrates possible Greece exit from the EU!? 1.1150 stoped the fall today, (H4/MA200) and the pair rebounded stongly up, reached 1.1240 high for now, but it seams that this is not all we could see today. Down trendline is holding, but who know for
Read moreEUR/USD fell sharply true the support after Angela Merkel said, that too much strength in the Euro would limit the effectiveness of reforms in Spain and Ireland. As I see it, they were surprised how the Euro is holding well after Greek deal failure in this week and if it’s not Draghi’s that is dovish, it must be someone else, the
Read moreThis chart is showing where the buyers are placed for now, at 1.1180/200, exactly as I pointed in my previous EUR/USD analysis from June 09. But, how much they can hold this line of defense? We can see, that the sellers are serious and they don’t give the opportunity to recover today. On the other side, theese three up trend lines are
Read more
Forex Trader 