Over 20 years in trading
I 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
Read moreAfter several days of consolidation, EUR/USD manage to bounce 200 pips, from 1.1330 to 1.1530, where the pair stoped because resistance level, previous support from January. Could bulls manage to cover ‘ECB’s QE launch’ loss at this pair? The fall was started at January 22. from 1.1650! First support on the way down is 1.1400/20.
Read moreI have allready pointed at this pair potential at my analysis from January 29. and January 30. After RBA cut rates early in the morning by 25 bps, from 2,5 to 2,25%, euro rises sharply vs aussie and pushed the pair from 1.4485 to 1.4855, which is previous resistance from begining of January. Very nice daily gain here, let’s follow what
Read moreEUR/USD is on the selling pressure each time when bulls try to recover the pair on the way up. Resistances all over the chart, down trendlines… For now, first resistance at 1.1365, second at 1.1420, where the down trendline is placed as well. But, could the pair bouce at all? On the way down, first minor support at 1.1265, second
Read moreI had a great gold setup on Friday and I thought to leave this trade for this week with target at 1320, but I close it an hour after the market was open, with +200 pips profit. Why? On Friday, gold closed the week at 1284, only 1 usd from H1/MA200 and H4 down trendline. I decided to stay in,
Read moreTouching the low level of this previous January 15. consolidation range, in January 24. after the ‘Greek election results’, euro is rising rapidly versus swiss franc in the last couple of days, reaching 1.0522 today and the pair aproached the high of the January 15. consolidation range of 1.0550/600. Who is the buyer and weather he expected a new ‘rate
Read moreThe pair take a brake yesterday at 1.4600/20 and decline back to 1.4530, where is placed daily MA100 which stoped the pair on the way down. The pair turn up again and at this moments EUR/AUD is trying to brake 1.4650, the top of the strong resistance of previous important levels. Could it be broken today, after yesterdays extremely bullish
Read moreGold bears finaly manage to brake 1277, support for days and gold declined today by $30. It seams that this is not only the profit taking, or? US dollar strenghtnes is all over the market again and precious metals are strongly down. It will be interesting to see, how will this 1255 level react now and where are the gold
Read moreUSD/JPY is bullish again today, but that’s not news any more. I was pointed few days ago at this ‘support trendline’ where the pair find buyers for 5 times allready and push the US dollar up every time. On the other side, down trendline holding the bulls on the way up and return the pair down again, forming some kind of
Read moreEUR/AUD manage to brake previous resistance from January 22. at 1.4400 and heading to the next target at 1.4600. But, on the way up, there is another minor resistance at 1.4490, the pair could take a brake there. There is another resistance and test for the bulls at 1.4500/20 where are placed Daily MA200 & 100 and that could also
Read more19:00 h (GMT) – FED Interest rate decision and monetary policy statement! Are you ready? Most of the market players don’t expect any changes in the monetary policy at todays FOMC mitting. Market will be focused to the ‘statement language’ and possibility of rate hikes period. Could it be the fix date in June 16-17th, or at the September 16-17th FOMC meeting?
Read moreAfter three months of consolidation, NZD/USD continue the fall in January. In the last couple of days, the pair is testing previous monthly support levels at 0.7370/470. If the pair close January bellow this level (0.7370), furder decline is possible. On the other way, if the pair defend that level and close above, recovery in February could push the pair toward
Read moreIt doesn’t matter if you use lines of support or resistance, if you use up or down trendlines, ‘their beauty’ lies in simplicity of use. You can see in my analysis and trades, that my most common tools are exactly those lines! There is so many tools in my platform, most of them I tested but some of them I
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