Over 20 years in trading
Last week was interesting here, with wild roller coaster ride, but euro ended as a winner at the end. The pair has find the resistance at aprox 1.0820, with high of the week at 1.0848, where the trendline has stoped the furder gains. The euro has ruturned down at the begining of the week, aiming 1.0710/30, the first support level.
Read moreWe have another fail brake here and that’s exactly what I was write about in my yesterday’s GBP/USD analysis. The Pound didn’t manage to stay above the 1.5000, what was very important for furder development here. Even the level was clearly broken with high of 1.5052, at the end of the day the pair close at 1.4962. The Pound was
Read moreWhat do we have on gold and how the things are developing regardles to my inverse H&S prediction? We could see that gold managed to stay in the 1190/1220 range, with slight decline bellow at April 14., when I was pointed that move in my analysis, as an possible fail brake. 1208 was the first minor resistance and that level was
Read moreAfter the March 18. and huge fail brake (FOMC day), the Pound didn’t manage to brake 1.5000, not until today, one month latter. With 1.5052 high, the resistance is broken, that’s for sure, but this level must be defended and the pair must close the day/this week above, how 1.5000 will become support. For the bulls, 1.5170/200 will be the
Read moreAussie finaly manage to brake the trendline yesterday, after wich the one has become support line. This is why I love trendlines and trading on the basis of them. You can see that, the Aussie is trying to pass true the 0.7800/20 resistance for a while, and if manage to do that, 0.7850 could tne the next minor resistance. I
Read moreEuro manage to reached the first stronger resistance at 1.0710/30, with 1.0746 high during the Asian sesion, after wich has ruturned down sharply, all the way to the 1.0626 for now. As I can see the technical chart, this level aprox 1.0600 could stop this fall and, on the way to the recovery, 1.0670/80 could be the first resistance again.
Read moreI hope that you remember my Aussie analysis from April 8., where I pointed at this trendline which holds Aussie on the way up for a long time now. In the last couple of days, the Aussie has tested support at 0.7530/60 for two times and the pair find a decent support at that level again, after wich has pushed
Read moreToday’s ECB press conference was interesting, but not by the statements of leaders, while the female protestant performance. But, what about euro and the most trading currencie pair EUR/USD? During the day in fear of Mr. Draghi, the pair fell sharply to the 1.0570/80 support, but when Draghi didn’t surprise the market and when he wasn’t so dovish during the talk,
Read moreECB Monetary Policy statement and Press Conference will start in about 15 minutes, at 12:30 (GMT). Be very careful if you trading euro pairs, I hope that you are aware how Mr. Draghi could be dovish in his statements, but euro could move both ways strongly! As I wrote in my headline, ECB leaves key interest rates on hold: refi rate 0.05%,
Read moreOld song, the euro is back again, testing the 1.06010/30 support. As you can see, the bears want’s lower levels here, there is no doubt about that. How low thay will get, 1.0580/90 or lower? We have ECB Interest rate decision today, is it possible that the market players expect the new measures from Mr. Draghi!? The trendline has moved now,
Read moreI was pointed at this trendline yesterday, in my EUR/USD analysis. After the trendline was broken, the pair test it from the outer side, after wich the euro was pushed strong higer to the first resistance at 1.0610/30. That level was taken over after a short pause, and 1.0670/80 was next. You can see, that this level is broken at H1 as
Read moreEven the US dollar is not so favorable today, gold didn’t manage to hold above the 1190/95 support today!? This is H4 chart and this could be daily fail brake, but take a closer look at this level today. This trendline coud stop the fall for now, there is H4/MA200 as well and previous support at 1178/80 is near. On
Read moreFor how many times have you wanted to make ‘more’ money, even after a great trading period!? I know I am, for several times in my trading career, especially in the fx market. Well, this is kind of work where such situations are inevitable and greed here is not easy to control. But, it can be reduced! What important is, that you are aware
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