Over 20 years in trading
Gold opened the week at 1203.48, but slide under 1200 during the European opening sesion with 1190 low, where gold find the buyers, wich has pushed gold back at 1210 at the time of writing. It looks like this could be a fail brake today and 1200 shows as a solid support, like I have writen before in my gold
Read moreDaily MA200 supports the pair for days at 1.4500. Weekly MA100 is placed near as well, at 1.4475 today and on every decline lower, buyers push the pair up. Could this ‘buyers zone’ hold the pair furder and return the euro up toward 1.4700/900 in the coming days, it all could depend on Greece agreement, yes again. Greece brings too much
Read moreGreece get a deal at the end of the week and euro celebrated that, but… this was not growth as I expected. Could we see more eur/usd ‘saga trading range’ during the next week? Possible, but let’s take a look what do we have on technical chart. As we can see, 1.1270/80 supported the euro once again and pushed the pair up, toward
Read moreIt looks like 1200/05 provides a sollid support as I mentioned at my previous gold analysis. Yesterday’s growth was suddenly stopped at 1223 and gold was returned down all the way to 1205 again. As we can see today, 1202 push the gold up again to 1215 for now. Daily MA100 as an resistance is placed at 1217, and previous
Read moreWhat next? The pair is squeezed in the triangle and looking bearish, but 118.20/40 was solid support before. It will be interesting to see this battle, that’s for sure.
Read moreAcording to Bloomberg, Germany rejected Greece’s request for an extension of its aid program, saying its offer doesn’t meet the euro region’s conditions for continuing aid. The Greek government is trying to agree bridge-financing without meeting the conditions of its existing rescue program, German Finance Ministry Spokesman Martin Jaeger said in an e-mailed statement. European Commission Spokesman Margaritis Schinas moments
Read moreYou can’t cover 23,6 fibo return from the 1.40 –>1.11 fall!? 🙂 The fall began in early May 2014. from 1.3393 and temporary find the bottom in the middle of January at 1.1097. After four weeks, EUR/USD can’t cover 23,6 loss, which is at 1.1777. On the way up, there is daily resistance at 1.1430/50, next is weekly at 1.1530/50, following
Read moreCan the US dollar cover complete loss from 2007-2011 fall? We could see that there is enough buyers on every USD/JPY decline, ready to cover every loss here. Based on this monthly graph, first resistance is December 2014. high at 121.80 and if US dollar bulls could brake that level, 124.00 could be sure thing in the following months. But, that would not
Read morePound goes a step-by-step upwards, but today had stoped exactly at the February 16. resistance, at 1.5430/40. If pound manage to brake that level, 1.5485/500 is next resistance, previous support from the end of December. In the case of decline, 1.5400 is first minor support, and 1.5320/40 stronger.
Read moreI registered a new domain for my blog, http://www.fx24seven.com as the name of my blog is. Lucky me! 🙂 If you have saved my old blog address, no worries, it will redirect automaticly at my new domain. What changes is, that all of mine Facebook likes, Twitter, Google+ and Linkedin shares will disappear. But, I hope that this changes at my
Read moreAs I wrote in my Gold analysis from February 12., gold bears reached 1205 target today! Could this level hold? Up trendline from December 01. –> January 02. is here, but gold is not on the way up, and that could be a problem. Support at 1205 could be strong and if the level brakes, lower levels are possible. In that case,
Read moreToday at 17:00 GMT! This is the men who broke several FX brokers and destroyed thousands of traders when he decided to remove SNB’s EUR/CHF 1.2 cap. Sure, his move was fully legit, but the way of execution didn’t, that’s for sure. Be aware of possible strong moves at CHF pairs, who knows what ‘surprises’ Mr. Jordan could launch again!?
Read moreAUD/USD is aproached at resistance level 0.7850/80 again. That level stoped the recovery for several times in the last two weeks, it will be interested to see how will this attack ended!? If the pair manage to brake that level, 0.8000 could be the next target for the bulls. Resistance starts at 0.7830/50/80!
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