Over 20 years in trading
Gold didin’t move much in the last couple of days, as you see in my chat 1190 is the level where gold find the buyers in the last 6 days, but on the way up 1200/05 is the place where sellers are waits for now, the previous support from end of the May. First stronger support is up trendline, 1178/80 is
Read moreGreat day yesterday. The euro has broke several important resistances on the way up, all because of the possible ‘Greek deal’. First resistance at 1.1000, second the stronger one at 1.1030/60, daily MA100, H4/MA 200 & 100, everything was ‘easy job’ for the bulls after wich they took important territory again. 1.1200 was the resistance they didn’t manage to brake, I
Read moreI need a few days to ‘recharge my batteries’ and the best way for that is, to go to the beach, cruise true the Adriatic coast with boat, fishing, grilling… See you next week, take care and enjoy over the weekend. 😉
Read more1.1820 has stop the fall yesterday and the pair has recovered at the end of the day. Today, the pair looks promising as well, after the trendline was broken EUR/USD reached 1.0950 high for now. You can see that 1.0960/70 could be the minor resistance now, trendline is placed at aprox 1.0980, H4/MA200 and next resistance at 1.1000/30. Could it
Read moreUS dollar smashed the euro in the last several days, breaking important supports, but as we can see, there is no serious buyers for now. This level aprox 1.0790/820 could stop this fall for a while, but there is possible daily H&S formation if that support breaks. For that, EUR/USD must reached 1.0500 again. On the way up, 1.0900/20 could
Read moreThe precious metal lost $20 today, the same value as in last Tuesday. Gold opened the day near 1207 and start to fall slowly, but after the Europe market opened the door, gold fell sharply to 1195 support, but it continue the same after US sesion opening, after wich the outer and up trendline has stop the fall at 1186,
Read moreUSD/JPY broke the previous resistance and reached 8 years high, 122.74 for now, but what important is that, June/2007. is in sight now and that could be next target for the bulls. Sure, that’s not near the all time high at this pair, but it’s important level to cover for the US dollar. For sure, sellers are placed bellow this resistance,
Read moreThe Pound has stuck between 1.5450/50 support and H4/MA100 at 1.5485 on the way up. The pair is bearish, pressing down on the support and this level could be broken. There is not much reaction from the buyers, they are to calm for now. If this support breaks, US dollar buyers could targeting 1.1530/60 next. If the bulls defend this
Read moreGold started the week optimistic in Monday and reached 1232.42 after wich had retreated down and close the day at 1225. On Tuesday the gold has tubledown for $20 and fell true the Daily MA200&100 easily, after wich the Daily MA100 has become resistance over wich gold didn’t manage to pass true for the next three days. What interesting is that,
Read moreTough week for the euro. The pair opened this week at 1.1445 and went up only 1 pip, after wich has start to slide down and ended the week at 1.1007. Interesting is that, there wasn’t stronger support until 1.1060, the previous support from begining of May. Rebound has stoped at 1.1200 and after slightly better then expected US CPI,
Read moreI didn’t show you my yesterday’s stop loss at gold, you know the reason why. Let me show you today, how and why that happend. As I wrote in my entry analysis, gold was well supported between 1206/08 yesterday with intention to go higher and to try attack on the Daily MA100 and 200, which was placed at 1211 and 1215.
Read moreStone Age in my office/city today! 🙂 All telecommunications were broken for six hours. No phone lines, no cell phone signals, no internet! News portals are writing about fiber optical cable failure, but there is maybe a diferent story about this!? All day the city was under siege by the armed special police, who were caught and arrested several drug dealers. There is speculation that interrupted communication
Read moreAs you can see, the gold fell down true the trendline and H/1MA200 but support hold for now. My SL is placed at 1203 and if this support breaks, it could be hited! I will not change my position or move my SL lower. In about 10 minutes US Jobless Claims data is coming up, that will probably be ‘the trigger’ for
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Forex Trader 