Over 20 years in trading
As we wait for the news from the Eurogroup meeting, market didn’t move for hole day, but it seams that euro is loosing ground slowly. Is that an indicator that deal is not near and that we could see a risk on trading at the end of the day? Maybe, but on my oppinion, best choice is to stay a
Read moreEUR/USD manage to brake several resistance areas, but still looks vulnerable on the higer levels. There was no reaction at all on better then expected EU GDP (0,9% vs 0,8% exp). Could this 1.1400 area hold the pair on the way down and return the pair up toward 1.1530/1.1650? Greece bailout is still to much weight for the euro!?
Read moreGold make a new step down, but MA100/H4 at 1218 hold yeterdays fall. Strong jump from this morning was probably reaction on BOJ news and JPY strengt, but the joy on gold was short lived after US dollar was covered more then 61.8 loss at USD/JPY. Gold is looking bearish and it looks like the bears are aiming for 1205 level? If gold
Read moreBefore and after this two times ‘roller coaster’, EUR/USD is driving between 1.1270 and 1.1370. Bulls are holding on the way down, bears on the way up but, based on what we seen here, the pair is more favorable to the bears. Could buyers turn the situation from 1.1230/70 or they will retreet to the lower levels toward 1.1100?
Read moreEUR/USD approached the first level of support, which start at 1.1300, but the pair could reach lower and search for stronger buyers at 1.1260, –> 1.1230. Bounce from last night was limited and the pair catch the high of 1.1359. Euro weighed problems of Greece and waiting for the new headlines!?
Read moreThese are the words from the SNB’s Jordan after they removed the 1.20 eur/chf peg, when Swiss franc causes panic on global markets. But, 15 days latter he is not that conviced in that decision. Talking on the SRF yesterday, head of the SNB Thomas Jordan said, that they are ‘observing’ the exchange rate situation, but he mentioned for several
Read moreAfter 3,516 views in November (my first month) and 3,037 views in December, 2015. began with double the interest in my blog analysis/articles, with 5,976 views. The most viewed site was home page and the most viewed article in January was ‘My target for 2015., to make $1 million profit at FX!’. Second most viewed was ‘About me’ and third, ‘I
Read moreI have already mentioned last week, that the market is too nervous, reacting on the headlines strong and quickly! You have probably saw/experienced that at EUR/USD, with 200 pips up/down ride, for two times last week! On February 03. the pair strongly jumped from 1.1320 to 1.1533, after wich start to fall slowly at the begining, but after the ECB
Read moreGold bears finaly manage to brake 1250/55 support at the end of the week. I followed the employment data today and gold start to fall before the news, from 1265 to 1258! But, that’s not news on gold! After US employment data was out, gold tumbled furder down true the 1250/55 support and daily MA200, true the H4/MA200 at 1239 and until
Read moreUSD/JPY cosolidate for 15 days, with low at 115.80 and high at 118.80 at the beginning. Amaizing support at 117.20 hold the pair on the way down for days, with only 3 declines bellow that level, but only until 116.90. This triangle could hold the pair still inside for a few days, but, something must happen soon!
Read moreThe market is too nervous, reacting on the headlines strongly, up, down, up… Here we are on the EUR/USD, reached 1.1456 high for now. I pointed yesterday at my analysis that, 1.1310 could be a possible support and that level was the point of support, with low at 1.1304. The pair is strongly bullish, and it want’s higher levels for
Read moreEUR/USD erase yesterday’s gain! The pair reached the top at 1.1533 resistance yesterday, after wich the pair turn down again. During the day the pair had a bearish tone and create down trendline which has pushed the pair down bellow minor support at 1.1400/20, which emediately has become the resistance. After the ‘ECB’s news’, the pair hunt a few stops
Read moreI made this ones at aud/usd and it worked. No kidding! But, I wouldn’t recomend to trade based on this, because there is no ‘owl formation’ in the FX books. Who knows, maybe it’s time to be written about it!? 🙂 Btw. gold is looking very strange in the last couple of days, but it’s not surprising if we take a look
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