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Similar moves on those two pairs but that’s not strange because of the Euro weaknes in the market. The pair touched 1.3945 low on Friday and recover to the 1.4100, where the pair find resistance, the previous support from March 05. Down trendline return the pair down to 1.4040 for now, furder decline is possible, 1.3950 is first support. If
Read moreThe ECB started with ‘QE 60 billion euros’ monthly programme today, first buying German 10yr bonds, sure. Euro don’t know what to do now, to relif or not? EUR/USD rise this morning from opening level at 1.0830 to 1.0906, but that was it. The pair is back down to 1.0850 for now. I think we should observe euro moves a few days
Read moreI wrote in my gold analysis from Friday, that 1167 is low level of support. But, on Friday gold sliped under and touch the low at 1163.70, after wich gold try to recover, but 1167 was resistance, and gold closed the week at 1165. Well, last night at the opening week, gold ‘jump’ over that level and open the week at 1169,
Read moreEach new day we assure that SNB’s move was ‘the right’ decision. Yes, you wish it is Mr.Jordan. According to Bloomberg, SNB may cut deposit rate to -1,50%, from -0,75% if the Swiss Franc goes to the ‘wrong’ direction’, or to be clear, if the Swiss Franc strengthened against the Euro. As I wrote about this before in February 08., SNB
Read moreGold lose $35 yesterday and broke two support levels. After the strong NFP data, US dollar strengthened all over the market and broke the gold most of all. The free fall started from 1197, broke first support at 1190/95 immediately, and second at 1167/72 after 5 hours, with low of the day at 1163.63. Gold close the week under the support at
Read moreI wrote in my gold analysis from March 04., that I don’t see the reason for gold to move up and here we are two days latter, 1175 for now. After strong NFP numbers gold tumbled from 1199, trying to catch next bears target at 1167/72, the previous support from December and January. Could that level hold this strong decline
Read moreEUR/USD continue to fall on Friday and find a new 11 years low, 1.0963! There is no technical support at this level, not until 1.0760/60, previous support from August 2003. I wrote about this level in my previous EUR/USD analysis from March 04. There is not much to analyse here because I can’t see any atempt for recovery. The pair
Read moreAs I wrote on my previous article, when Mr.Draghi have a speach, market could move strongly, that’s exactly what was happen today during the press conference. After the ECB’s decision to put rates on hold, euro was bullish and at the begining of the press conference euro was catch 1.1114 resistance, the previous support from yesterday and from January 23./26.
Read more12:45 h (GMT) – ECB Interest Rate Decision – previous 0,05%, consensus 0,05%! 13:30 h (GMT) – ECB Monetary policy statement and press conference! I don’t expect any changes in rates, ECB could remain on hold today and I don’t expect a new measures from ECB, but press conference and Mr.Draghi speach could move the market (euro) stronger. Focus will
Read more…about some abnormal levels, maybe it’s time to think about reversal!? It’s not a rule, but I experienced this several times in the market. On my oppinion, everything bad is priced in the euro, but there is nothing bad priced in the US dollar in the past 10 months. Sure, there was a lot of reasons for weakining the euro, 1st rate
Read moreAfter 7 hours of battle, EUR/USD broke previous support from January 23./26. at 1.1100, with low of the day at 1.1064 for now. If the pair close the day bellow, that level could become resistance. We can see that, the pair can’t recover at all in the last couple of days, and there is so many down trendlines here, on every time
Read moreFor eleven days, gold can’t get out of the 1190/1220 range. On the way down, gold find support at 1190/95, on the way up, daily MA100 is holding at 1215 and 1222/23 as resistance from previous days. It’s look like the gold could spend more days at this range, or the bears will try to brake 1190!? I don’t see
Read moreThe third day in a row gold can’t manage daily MA100 and 1220 level. During the Asian sesion gold catch 1223, but Europe turn the gold down again and that’s not strange if you follow gold moves. US market continue to push down and gold is back in red at 1208 for now, probably aiming 1200 again? I wrote in my
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