Over 20 years in trading
I wrote about 1175/80 support level for several times in my last gold analysis and it seams that buyers will not retreat lower. As you can see, they pushed gold today to 1196, where H4/MA200 has stoped the growth for now. It’s not easy level for pass true, 1200 is above waiting for the bulls. This is the 4 th week in a
Read moreClosing my short ‘NFP position’ now has even more meaning, right!? The euro recovered exactly from the level where I closed my short, from 1.1135/40. Like I said yesterday, my reason for closing was to strong support there and I expected a turnover from that level. As you can see it, that level boosted euro up, started during the night.
Read moreI decided to close my ‘NFP short position’ before few minutes! Support at 1.1135/40 looks to strong for me and I will not wait any more. Is there possibility to reach my predicted target at 1.1080? Possible, but I will not put in danger my gain furder. The pair is still bearish, but as I see it, turnover is possible here
Read moreHere we are, the second day of my ‘NFP position’ here. As I wrote in my previous article, level aprox 1.1178/83 will be important for the furder development, so it was until now. During the night, the pair broke that support which has become resistance now with high of 1.1195. Like I said, down trendline pushing the pair down as well and
Read moreBased on my ‘H&S NFP prediction’, let me present my EUR/USD short position, which I left opened for the next week. After the NFP numbers were out, the first reaction was opposite and the euro was pushed up to the resistance level, where I have placed my short at 1.1282. My SL at that moment was at 1.1312 because I was
Read moreImportant data from the US Labor market is coming up and this is how I see the possible move here. The pair reached 1.1380/90 yesterday, the level which I mentioned as an possible resistance in my EUR/USD analysis from the begining of the May 07. The sellers were ready there and they returned the pair down true the 1.1280/300 support,
Read moreWhile the euro returns to collect the ‘forgotten stops’ under the 1.1280/300, let’s take a look at the EUR/USD Monthly chart. As you can see, 1.0500 stop the huge fall which has start in May 2014. I predicted that stop/return point in my analysis from March 11. After 10 months of the sharp falling, the pair finaly find the buyers and rebouded in
Read moreGold headed back down again, after it didn’t manage to brake true the 1200 in the last two days. There is several technical supports now here between 1170/80, the question is could that level hold the sellers? US dollar is not favorable in the market, but gold can’t get benefit from that situation, which is a little unusual. If US
Read moreEuro manage to brake true the Daily MA100 (1.1262) and resistance at 1.1280/300! The pair opened a new day above the 23.6 fibo and aiming to the next target to 1.1450/530. On the way down, previous resistance at 1.1280/300 could provide a solid support now, on the way up, first resistance lies at 1.1380/90, just above the yesterdays high of 1.1369. Bulls
Read moreI wrote about this yesterday in my EUR/USD analysis when the pair reached low range level. Is this possible development in the next few days? Yes it is, but keep an eye on this resistance 1.1280/300 and if the pair return back down, on the support 1.1000/050. For now, Daily MA100 stoped the pair on the way up at 1.1262 and
Read moreUSD/JPY came out of the tight range yesterday. The pair try to push higher but it didn’t manage to brake 120.30/40, after wich has fall down under previous support at 119.90/120.00. You can see in this smaller H4 chart, how precise is movement around the trendline, inner and outer or support/resistance. The pair had retret back to 119.63 low for now, aiming
Read moreAfter the pair reached 120.19 on Friday, in the last two days USD/JPY is stuck at the same level on the way up, supported at 119.90/120.00 on the way down. The pair looks bullish today but this level looks like a pretty strong resistance. If US dollar manage to brake this, 120.60/80 could be the next target, on the way down 119.90/120.00 is first
Read moreBut, the pair has aproached to the stronger support levels now, 1.1070/90 is the first one, stronger at 1.1000/50, the previous strong resistance from March/April. On the way up, 1.1110/20 could be minor resistance, 1.1180/90 stronger one. Let’s see how will buyers react here, this could be consolidation range between 1.1000/1.1300 for a while if this support hold the pair
Read more
Forex Trader 