Over 20 years in trading
I wrote in my USD/JPY analysis from January 14. that 115.50/60 is in sight and that is exactly what was happen last week. The pair touched 116.05 at January 14. and 115.85 day after. But, us dollar can’t kepp down for a long time and at the end of the week the pair recover loss all the way to 117.80. Let’s
Read moreEUR/USD finaly rebounded almost 200 pips, after Friday’s bottom at 1.1460. In these moments the pair hit H1 down trendline from January 14. and stop for a while. 1.1635/40, the previous support from November 2005. and resistance from Friday is waiting for the bulls if they manage to get there. First support on the way down is at 1.1560/70.
Read moreThursday January 22. – 12:45 h (GMT), ECB Interest rate decision – 13:30 h (GMT), ECB Monetary policy statement and press conference! Whether the SNB move was hint what could we expect from the ECB? Expectations of market participants are nearly unanimous, we expect from ECB an aggressive QE program. Specifically, market players expect from ECB to announce a large bond purchase
Read moreYesterday’s mess on the market that was made by the SNB, gold bulls have turned to their advantage and push gold high above DMA 200, with high of the day at 1265. Today, gold trying to consolidate with DMA 200 support at 1255. Can gold still continue to grow toward 1275/80, or will take a rest and gather strength for the next week. Let’s see!?
Read moreIn my previous analysis I wrote about this levels. 1.1570 hold the pair on yesterdays second decline and the pair rebound to 1.1640, previous support from 2005., which now has become resistance. Market is waiting for EUR CPI at 10:00 h (GMT), that could be the trigger on the way up/down!?
Read moreThe pair has broke the low from November 2005. at 1.1638, with low of the day at 1.1570 after the ‘SNB move’. Few hours latter the pair has recovered and catch 1.1760 after which continued to slide down toward previous low. Looking extremely bearish at the moment.
Read moreSNB removes 1.20 cap and that was the trigger for gold bulls. Supported again at 1226 for the third day in a row, after the news from Switzerland gold is literally flew through previous reisistance at 1244 and touch 1260.90, the high of the day. At this moments gold is cooling down and searching for the new support on the way
Read moreWow, wow, wow! Is that surprise or what!? EUR/CHF falls to 1.0200, USD/CHF to 0.8400! Is this might be expected? I wrote how the peg is in danger for two times in the last 30 days and how the SNB is doing everything to save it. Well, they obviously decided to remove the same. Edit: It seams that EUR/CHF is
Read moreAs you can see, gold bears are waiting at 1244 and successfully stoped the bulls for the second time in the last two days, pushing gold back at the start of the day. 1226 support is solid and 1220 is waiting for decline but gold still looking bullish. Could we see a new attempt to 1244 today?
Read moreI traded gold today again and quickly took a 100 pips profit, here is how I did it. After the gold was well supported at 1226 for 4 times I decided to enter long at 1228.50 with SL near below previous 4 supports. Gold start to rise before US retail sales data and after the data gold growth accelarated to 1244. My
Read moreIn my previous USD/JPY analysis from January 12. I was pointed 118 as strong support level and it was for three times, but 4-th attack at the level broke the support, after which the level become resistance. I was pointed 118.80 as minor level then, but it looks like that level played a key role yesterday after the pair slided strongly
Read moreDo you remember my predicted turnover point at GBP/USD? Low of the year for now is 1.5034 from January 08. where the pair did find solid support and bounce to 1.5200 two times already. Today, British CPI data lower then expetation smash the Pound lower again to 1.5080, but buyers decided that CPI data are not so bad and turn the pair
Read moreDespite strong US dollar, gold continuously reach new tops. I wrote on Friday, that bulls want’s 1235/40 and here we are. Yesterday gold already catch 1235 and today even more 1244, aiming to the next target at 1255/60, daily MA200 and previous resistance from October 21. On the way down, outer trendline could stop the decline at 1230, lower stronger support at 1220,
Read more
Forex Trader 