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The 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
Read moreBears keep the EUR/USD under control. Despite ‘US Manufacturing PMI’ weaker then expected, 52.9 vs previous 53.5, usd run against euro again. Last night the pair touch a low of 1.1159 and recover today to 1.1240high, the previous resistance from Friday. We can see at this chart, that euro can’t recover to 1.1260/80 and that means that strong seeling orders start from
Read moreBased on daily chart, they are not far away. US dollar is extremely bullish vs Swiss franc for days, cover more then 61.8 loss, after the SNB was remove the EUR/CHF 1.20 cap. In the last couple of days, US dollar have ‘problem’ with braking outer weekly trendline, whish has pushed the pair from May/June 2014. This level 0.9550/70 was
Read moreIn January gold opened at 1205, just above the Monthly MA100 which has pushed gold higher for $80, but in February gold lose $70 and that same MA100 must defend the price from the bigger fall. Gold close February at 1210 and still have $5 gain in 2015., but what next? You can see those triangles and trendlines, there is
Read moreEUR/USD closed the 8th month in a row in red! If we take a look at monthly graph, 1.00 could be target for the bears, but it want be easy to catch. 1.00 is for sure the strongest monthly support, the previous strong resistance from 2002., but there is several strong supports before as well. What could be the reason
Read moreThere is some rumors that some of Greek banks have run out of cash? Sure, euro droped quickly back and there is a question about technical levels now if that rumour is true. Gold jump quickly for $8 to 1217. Greek saga countinues to move the market! I don’t know is that true or not, but I don’t like to trade/analyse until rumors
Read more…in February, but it’s end of the month and now is the question, is it ‘needed’? For sure, it’s interesting view to consider about and these are the levels to watch. EUR/USD find support at 1.1180/1.1200 and trying to recover and catch resistance at 1.1260/70. High today is 1.1244 for now and that level is a minnor resistance as we can
Read moreUS dollar strengt ‘hit’ this pair as well and push USD/JPY to 119.40, where the pair could take a brake for a while, beacuse of the previous resistance at that level, from February 17./18. Take a look how precise MA100 is holding on the way down, trendline as well. If US dollar bulls brake this level, 119.80 could be next
Read moreAfter mixed data from US, EUR/USD tumbles true the previous support level at 1.1260/70. At this moments trying 1.1222 level, as you can ses, the previous ‘boost’ level from January 26./27. Could this level be broken as well? Euro is to weak to fight in theese moments and furdr decline is possible. Next minor support could be aprox 1.1200, previous
Read moreThe day started beautiful for the bulls, gold opened at 1200 which was the low of the day for now, climb higer to 1211.90 during the Asian sesion, but after that slowly retrets for hole day and aproaching 1200 again. This level technicaly looks a bit deferent then before, could this push the gold higher again, for real this time, at
Read moreFirst, at 14:00 h (GMT) ECB’s President Mr.Draghi have a speach, after at 15:00 h (GMT) FED’s Chairman Mrs.Yellen have a testifies. Who will move the market stronger and could we hear something we don’t know? We will see soon, get ready!
Read more…down trendline is holding on the way up and return every bulls attack! If this trendline can’t be broken lover levels are possible here and next bears target could be up trendline at 1183, support level at 1168/73 is next target and stronger support. Daily graph is looking like we have a possible H&S formation with neckline at 1168/73, hm…
Read moreAfter the pair touched the bottom in January, at 1.4950/1.5000, pound win 4 of 5 weeks and manage to reach 1.5470, where the pair found resistance twice in the last two weeks. As you can see, that level is previous support level from December 2014. and it’s not easy to brake. Sellers are placed from 1.5470 to 1.5550 and next technical resistance
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