Over 20 years in trading
I would like to present my best analysis and currencie pair move predictions in the FX market and here is the first one. I made this AUD/USD analysis and prediction at the end of October 2013. It’s not only that I predicted one way movement, while I was analyse and predict three steps move, with potential H&S formation before it
Read moreEUR/USD opened the week at 1.0859 and retreet back during the Asian sesion at previous support from Friday 1.0750/70, which push the pair up again to 1.0820/30. But, you can see at my chart, that H4/MA100 is holding the pair on the way up to push stronger. The pair looks bullish during the European sesion aiming the next target/resistance which
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After ‘Lehman failure’, the FED started with biggest money printing of all time. Prior to the Lehman Brothers failure, the FED reports that the monetary base stood at $849.8 billion and until today, the monetary base had expanded to more then $4,0 trillion. This $3,15 trillion expansion has all taken place within 8 years. If, instead, the Fed had continued to expand
Read moreGold manage to brake 1175/80 in the last two hours and this will be very important to close above. 1190/95 is next target/resistance for the bulls, the previous support from February/March. Could it be reached today? As I wrote last night, gold is moving in the right direction based on the FOMC decision to stay on hold with Interest Rates,
Read moreI mentioned this up trendline as an very important support for the EUR/USD and it’s seams that it works. With minor fail brake under 1.0670/80 the pair is awake today and trying to recover from the huge loss. Until now it manage to catch 1.0773 and this 1.0730 level coud be minor support now. Could the pair catch 1.0810/20, the first
Read moreAs I wrote in my gold analysis from March 17., if FED fails with concrete mesures, gold could bounce toward to 1180, that’s exactly what was happen here after FOMC. Gold catch 1175.40 high in Thursday and 1178.70 yesterday, but it stuck there. Why? As you can see on my chart, this level is ‘full of technical resistances’ and regardless
Read morePost ‘FOMC move’ has covered in total today! EUR/USD gained 425 pips yesterday after FOMC and lose everything today, AUD/USD gained 193 pips after FOMC and lose today more then 200 pips, USD/JPY lose 179 pips after FOMC, gained today the same back. Nasty market like I said before and sharp turnovers! USD is looking very bullish today and more
Read moreWhat a day, what a night, what a morning at EUR/USD, wooow! Well, I warned that there will be sharp turnovers everywere and here we are today, back to the begining. It’s not weird and for those who are longer on the market this is usual development after important events, like we had yesterday. Technical levels stop the EUR/USD yesterday,
Read moreI wrote in my FOMC preview, that FED will not hike and that droping of the magic word ‘patience’ will not change anything in the market for the US dollar, and only specific actions in tightening monetary policy will help to boost the US currencie. Otherwise, the most benefit from todays decision will have euro, this is what happend, +400 pips
Read moreAs we can see, one hour before the meeting market players expect no changes in FED monetary policy today. USD is losing ground all over the market. EUR/USD manage to catch 1.0665, AUD/USD 0.7669, GOLD 1155, USD/JPY is down at 120.80… This could be a firework today traders, sharp turnovers are possible everywere, there is no doubt, be very careful! Let’s
Read moreLast night I have read a statement from Bernanke that I found in my documents, the statement from March 27./2012. I can tell, after three years we have a completely different figures from US, much better. Especially with the labor market, where unemployment fell from 8.3% to 5.3%. Bernanke have said then, that we need to wait the better figures in the economy and
Read moreI wrote in my previous gold analysis, that gold bears would like to take 1132/37. This is how weekly gold chart looks like! It seams that everything is set for a new low level here? The first line of defense is 1147/42, second the stronger one is previous low from November at 1132. If that level brakes, gold bears will
Read moreFor 5 days in a row, USD/JPY is literally on the same level, consolidating and waiting for the Federal Open Market Committee (FOMC) meeting, which is tomorow at March 18., start at 18:00 h (GMT). As you can see in my chart, there is several trendlines which lead the direction of the pair and I don’t expect bigger moves until tomorow,
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