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I wrote in my EUR/USD analysis from Friday, that 1.0900 brake coud be fail brake based on rumor and so it was. After that, the euro resisted yesterdays US dollar strenght, but didn’t manange to hold today. First, support at 1.0800 eased, 1.0750 after and US dollar pressure push the pair down true the support and H4/MA100 at the low
Read moreWhat to write about this pair? For several times I wrote that on each decline buyers are ready to react strong and it happens agian. The pair touched 118.30 low in Thursday, the previous support from February, where buyers have reacted emediately and pushed the pair back in the same day, all the way to 119.30, to the first stronger resistnace.
Read moreAussie is falling for the last 5 days like a rock, stoped for now with trendline at 0.7640 and slightly recover to 0.7660, but looks extremely bearish. Could this trendline push the Aussie back, at least to 0.7700, or the fall will continue to the next support at 0.7600/10, follows strong support at 0.7560/80, the multi year low. US dollar is strong
Read moreIn my gold analysis from March 24., you can see that I predicted exectly move like it happens. But, this level aprox 1185/90 will be important now for furder developments. If this level could hold on the way down, we could have a possible inverse H&S formation. If this support break, next support could be 1178/80, stronger at 1165/70. These
Read moreThere is a rumor about Greek capital control circulating, but who cares is this move because of that or not!? 1.0900 is broken strong with high of 1.0948. Well, this could be a fail brake based on rumor, but I wrote in my yesterday’s EUR/USD analysis that this up trendline could stop the fall and push the pair up again
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Have you ever thought about this? “It looks too good to be true” Sure you are if you have something in your head, right!? To be honest, several of my new facebook ‘FX friends’ spurred me to write this short article. It’s unbelievable how many people is promising easy money by trading forex, but belive me, forex is nothing like that. Forex robots
Read moreI wrote in my yesterday’s EUR/USD analysis that the buyers could test 1.1050/70 and they did it during the morning. The pair touched a new 15 days high 1.1051, after wich the sellers have taken the control and push the pair back. The strong pressure on the 1.0900 support was maintained for 4 hours and the buyers gave up from that
Read moreUSD/JPY declined today to 118.32 low during the day, where the pair find strong support and buyers, which has returned the pair up to 119.00 at the time I am writing this analysis. As you can see in my analysis, 118.30 is previous strong support from February and that would not be easy to brake down. On the way up, first
Read moreAfter March 18., (FOMC) and huge 200 pips fail brake, the Pound can’t manage 1.4950/90 for five days in a row. Previous strong down trendline ‘still works’, previous support, now strong resistance at 1.4950/90 as well. First support holds on the way down at 1.4830/40 for the last three days in a row, stronger one is down to 1.4700 and
Read moreAs I wrote in my EUR/USD analysis from March 20., the pair will try to cover ‘the FOMC day’ again, and it’s almost did it in complete. Yesterdays high was 1.1029, just before US CPI data, when the pair had returned to support at 1.0900. That level had defended again and today is aiming up again with 1.0973 high for
Read moreBusted or not, nasty market today. I am looking at several pairs, the techical levels have been moved for 50 pips or more, fail breakouts on the EUR/USD as well. It’s not so strange that market is adjusting for new levels, creating a new resitances, supports and moving trendlines for several degrees. I hope that you are aware of that when you trade
Read moreIf US dollar bulls brake 119.70/80, furder gains are possible here.This is important levlel for the bears to hold and to return the pair down to 119.20! As you can see, there is several trendlines wich is holding the pair on the way up, resistance level as well, h4MA200 is placed at 119.76. Could this be broken? US CPI and Markit manufacturing
Read moreAs I wrote in my previous gold analyis, the precious metal catch 1190/95 in the last two days and this is the level which is important to be broken. If gold bulls manage to get back inside the trendline, inverse H&S is possible here, with 1220/23 as an first target. This is not easy level to brake through and if
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