Over 20 years in trading
Here 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
Read moreFridays fall was a little strange for me at gold and as I already commented in my previous gold analysis from April 23., the fall could be a search for the buyers at 1178/80 support level. Well, that’s exectly what was happen here. The gold bulls have taken over the game at that level and strongly push the gold back
Read moreYou surely remember my EUR/USD prediction from Thursday April 23. Well, the pair reached that level on Friday early in the morning with high of 1.0899 and since then, the pair retrets back testing the support at aprox 1.0810. As you can see, at the begining of this week the pair is moving around 1.0850, aiming that support again. If
Read moreI wrote about this 23.6 fibo level in my GBP/USD analysis from April 17. This retracement level is from the July 2014./April 2015. fall and as you can see, it’s not easy to pass true. Last two weeks the Pound had a great gain, recovering from the low 1.4564 for days continuously. At the end of the last week the
Read moreDespite fail brake of 1.0500 from the last week, previous week was the best ‘Pound week’ in the last 9 months. To be even better, the pound broke 1.0500 on wednesday and for now it reached 1.05145 high, where the trendline stopped today’s growth. This is important level for the Pound and it would be interested to see how will this
Read moreIf euro bulls manage to brake true the MA’s and true the trendline, boost could be strong here and shorts could be capted today. It looks preaty bullish for now, supported today at 1.0660/75 which was the previous support from April 21./Tuesday. Could 1.0900 be reached today, that’s how I see it, what’s your view!?
Read moreI am sure that Alexis Tsipras thought this will be an easy job for him, but he was wrong! Europe will not give up and Greeks will have to pay the debt, but that was expected in the begining. How else to win the elections, but lying to the voters. While Tsipras is wating for Frau Merkel today, Bloomberg is writing that
Read moreGold finaly came out of the triangle, breaking true the support at 1190/95 after home sales data yesterday. Gold players waited for anything to make a move and after the data, much better then expected, this was the only choice. As you can see on this char, gold didn’t manage to pass true the 1205/08 for 5 days in a row, pushing
Read moreAs I pointed yesterday in my EUR/USD analysis, the pair manage to brake true the 100&200 MA and touch 1.0800 today, the resistance level in combination with down trendline, which has push the pair back down true the 100&200 MA for now. Could these moving avarages hold the pair around that level or, the support at 1.0710/30 will be tested again?
Read moreAs I wrote in my previous Aussie analysis from April 17., the beauty of the trendlines. Well, you can see that the trendlines are in the main role here at this pair, supporting, resisting, bouncing, rejecting. It’s amaizing how accurate these levels are here, this is why I love technical analysis. Ok, first resistance is placed as before at 0.7800/20,
Read moreEUR/USD find support at 1.0660/75 and after a few hours of consolidation, the pair returned 1.0710/30 level. I pointed at that support at my previous analysis but I tought it would be the minor support today. At this time the pair is testing 1.0765 level, the previous resistance from yestarday and level where the both H4/MA’s are placed, 100&200. It seams this
Read moreGold is quite indifferent to developments in the market in the past two weeks, stuck between 1190/1208. Could we see a stronger move here soon? I think we could. The gold has pushed into corner of this triangle and ‘something’ must be broken here. It’s not easy to predict where it will go, because gold doesn’t react stronger to the weak, or the
Read moreAfter more then 20 hours of pressure, US dollar manage to brake true the 1.0710/30 euro support and it’s still looking bearish, aiming to the lower levels. What do we have next? 1.0600/20 could be the next target for the USD bulls, 1.0670 is the first minor support, but they would like to take 1.0500 again, there is no doubt
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