Over 20 years in trading
Euro has tried to brake 1.1050 for several times, but that level rejected each bulls attack in the last 30 days, after wich the pair turn into red month again. The 10-th in a row for now! The bears are aiming to the previous supports from March 11./12./13. at 1.0460/1.0500 and if the pair came there, that will be the
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Let’s take a quick look at this graph. Who is the largest buyer and seller of physical gold in the last 20 years? Acording to available statistics, we could see that the Russia and China are the largest buyers with purchased of +800 (Russia), +700 (China) tonnes of physical gold in the last 20 years. In 2015. the Russia holds
Read moreThis is potential inverse H&S there is no doubt, but 1220/23 is the main target to be broken for furder development here. We could see that the ‘second shoulder’ at 1190/95 is holding for now, despite strong US dollar in the market and that is important level as well on the way down. If gold manage to stay between 1190/95
Read moreEven the pair has rejected from the trendline up from 1.0800, it didn’t manage to pass true 1.0886 yestreday, after wich has just slided down true the support. For now, EUR/USD reached the low of 1.0730 and that is the buyers teritory all the way to 1.0700, which is previous strong support from March 31./April 01. Could that level hold
Read moreAfter the pair find a new multiyear low at 0.7530/60, it’s trying to recover for the last couple of days, but previous up trendline is holding Aussie on the way up. At this moments the pair is testing H4/MA100 line at 0.7700 and if manage to pass true, trendline is waiting again at 0.7717, after wich comes H4/MA200 at 0.7729.
Read moreGold didn’t manage to brake down trendline in April 01./02. at 1208 and it didn’t trade on NFP day. After NFP bad data, US dollar was slamed in the market and it was obvious that gold will open new week with gap up, that exactly happen yesterday. Gold opened the week at 1214, after wich attempted to brake 1220/23 resistance, but
Read moreI am back and EUR/USD is back too. The pair has rejected from the 1.1040/50 resistance for the third time in the last couple of weeks. If the pair manage to get back up again, for the 4-th time, that resistance will probably be broken. There is previous support at 1.0800, H4/MA100 and up trendline as well. Could that level
Read moreAs I wrote in my yesterday’s EUR/AUD analysis, 3 days attack on the 1.4170/80 level was sucessfull at the end and euro broke that resistance today, after wich the pair have reached daily strong down trendline at 1.4310/20. The pair stopped there for two hours, broke trendline and move higher again to the 1.4391 high for now. The pair tested trendline from the
Read moreGold is back with yesterday’s $28 gain, covering three falling days in a row. The low of 1180 had pushed the gold strongly up all the way to 1208, just near the trendline and daily MA100 at 1210. Today, the gold is slightly pulled back to 1202 at the moment and all I see here is first support at 1201 (H4
Read moreFor 3 days in a row, euro is trying to brake resistance at 1.4170/80, in the same time supported at 1.4040/50. If Euro manage to brake that level, next target could be 1.4310/20, the previous support and strong down trendline level. On the way back, as you can see in my analasis, 1.4040/50 is solid support, 1.4000 is next, up trendline
Read moreEuro is falling slowly for few days and based on this analysis this is obvious downtrend, supported at ’rounded levels’, first it was 1.0900, follows 1.0800, now at 1.0700… Could the pair reach 1.0600? If euro manage to brake this down trendline and push true the 1.0800/20, higer levels are possibles, this is how I see possible development. Otherwise, if 1.0700 brakes,
Read moreKiwi is trying to recover from the huge loss vs US dollar, but last week failed to brake a very strong weekly resistance at 0.7700, the previous strong support from June/July 2013. and from November/December 2014., January 2015. as well. It will be interesting to see, could Kiwi attack again if this previous daily support at 0.7430/50 hold on the
Read moreAfter only 5 months of writing, my blog have more then 8,000 views from 91 countries in March, wooow! More than 3,250 unique visitors, 67 comments… In March I have written 61 article/analysis. It seams that my blog is starting to be a serious forex community. 🙂 Here is the most important stats for March. Thank you all for visiting Forex 24/7,
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