Over 20 years in trading
Gold have found buyers again, this time at 1170 on Friday. At the start of this week, gold is bullish from the begining, from 1176 and the precious metal catch the high of 1192.90 for now. Despite US dollar strenght, gold is holding good, but this level could be resistance level again, the previous support/resistance from April. H4/MA200 is placed at
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Read moreWe reached my predicted target/resistance at 1.1280/300 last week, the 23.6 fibo return of the July 2014/March 2015. huge eur/usd fall, after wich the sellers have taken over the control and return the pair down to 1.1175 support, where the pair ended the week. What do we have now? You can see, that euro started the week in a bear
Read moreMy target is reached with high of 1.1284 today, but the euro looks great today again, the same as in the last 7 days, bullish and strong. Well, this could be a preaty strong resistance, but when the currency is bullish enough, resistances fall easily and sellers are retreating at higher levels. Could that happen here? Sure it can, but
Read moreGold traders have no mercy, but take a look at this beautiful and precise H4 H&S. 1175/77 could stop this fall and return gold up toward 1185, bellow 1175 could be more fall. Heavy selling today, 1200 was broken first, MA200 second, 1185 third, up trendline after… Wow, 1175 could be next as well!? USD/JPY is marching upward strongly too…This is
Read moreSure that you remember my Aussie analysis from April 28. and my predicted target at 0.8030/70. Well, the pair reached that level yestreday, with high of 0.8075, where sellers have take over the control. The pair ended day in red and sellers continued today is the same bearish mood, pushed the Aussie back all the way to the support at 0.7900,
Read moreI hope that you didn’t forget today’s FOMC Meeting! At 18:00 h (GMT) in about 1 hour, the FED will anounce Interest Rate Decision and is there any changes in their monetary policy. What could we expect? Well, I have already wrote my oppinion before last meeting, that I don’t expect any changes, not until the end of the year
Read moreBased on my analysis and predictions from yesterday, I am very satisfied with todays development at EUR/USD. The pair was supported at 1.0950/65 last night and finaly broke 1.1030/50 today, with high of 1.1177. The bulls have stoped for now at this level, but we could expect furder strenght. As I see it, the bulls are aiming 1.1280/300 as I already wrote,
Read moreAs I wrote today in my previous analysis, this is a hard battle for the euro bulls, but they refuse to give up. Upper trendline of the equdistant channell stoped the growth for now at 1.0990, but 1.1030/50 is near and the buyers must try to take over that teritory of the bears, it’s time. This current level above 1.0930/50 could give
Read moreEUR/USD is trying to brake 1.0900/30 resistance, but near that level on the way up, another is waiting at 1.0950/65 as well. This is not easy to pass true here at EUR/USD. Sellers are ready on every stronger move up, it’ want be easy to catch previous strong resistance at 1.1030/50. Bulls are looking strong and if they manage to brake
Read moreAfter two great weeks for the British Pound, begining of the third week is beautiful as well. After UK GDP data weaker then expected, the pair tested previous strong resistance, now support at 1.5170 and the bulls have defend that teritory successfuly, boosting Pound after all the way to the next resistance at 1.5300/30. Let’s see how serious are sellers here
Read moreHere we are once again, 0.7900/40 is attacked for the third time. Could it be successful now? With 5-th bullish day in a row, this is the real time for the bulls to pass true the resistance level, but sellers are serious here and it want be easy. There is Daily MA100 at 0.7890 as well, but the Aussie is
Read moreHere we are, the day after fantastic gold turnover. As you can see in my chart, Gold opened the week exactly at support level, despite friday’s loss and fall bellow, (SL hunting). Yesterday, the bulls have taken over the situation and push the gold all the way to the 1208, to previous resistance level, where the bears have reacted and
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