Over 20 years in trading
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Read moreThis is the 4th day in a row that gold is stuck around 1197 level!? Swiss referendum move disrupted the technical analysis and it’s not possible to adjust the up trendline properly. All I can see now is 1178/80 support level on the way down, stronger at 1148—>1130/32. On the way up, first resistance lies at 1210, following 1220 —>1238/40. US dollar is
Read moreEUR/USD is under pressure and aproached at previous yearly low from December 08. This is not only previous support from that date, it’s previous support from July 2012., there is up trendline from 2010., there is Monthly MA200 as well. Whether the euro bulls defend this support and turn the situation now? It’s time, now or never! Technical analysis and
Read moreI was pointed at this potential developmlent in my EUR/AUD analysis from November 26., two days after triple bottom at ‘step 2’. This is why I love technical analysis, everything was clear if you have enough patience. EUR/AUD reached 1.5300 or 1100 pips in a month. USD/AUD fall help this pair to reach this level, because euro alone wasn’t strong enough, but
Read moreUSD/JPY has erased complete loss from December 15./16. fall. At this moments the pair has aproached at resistance area 119.00/50 and if it fails to brake that resistance, we have a possible reverse (inverse) head and shoulder formation!? Wach carefully this ‘neckline level’. If that level brakes, fureder gain and new hights toward 121/122 are possible.
Read moreI wrote before two days, that SNB’s peg is in danger and that SNB must be on alert! Whell, SNB defended the peg today by cuting rates at negative (-0,25%). The pair is literally jumped 90 pips in 10 minutes, but I didn’t want to write anything before it’s settles down. Celebration didn’t last long and the pair is pulled
Read moreThe day after FOMC of course! The pair aproached previous support from December 08. and two year low 1.2240/50. That level have several technical reasons that could stop the fall again, from 2010. up trendline, to July 2012. support, monthly MA200, etc. The pair is looking extremly bearish and it looks like that level could be in danger!? Whell, this is
Read moreAt 19:00 h (GMT) FOMC is coming up with last meeting of the year. Whether they now finally say magical sentence, we will raise interest rates in …….. 2015. I don’t think so, not today!? Most of the analysts are expecting that they will change good old “considerable time” language in something deferent and gave the market onother ‘word bomb’ without specifying the date!?
Read moreStrange moves in the market after CPI? It looks like, but market is in anticipation of FOMC and finaly speach for the end of the year, where most of the ‘players’ are expecting what, miracle!? Ok, EUR/USD is down for more then 100 pips today with no reason, 1.2350/60 support is first line of defense, stronger one down at 1.2240/50, low of the
Read moreAmaizing day yesterday, isn’t it? First, the USD/JPY broke strong support at 117.20 and sank all the way to the 115.56 after wich bulls have taken the control and push the pair up all the way back to 117.75. Sure, that’s not the end and the pair return down again and stop at 116.25, after wich the bulls push the
Read moreTake a look at pure and clean EUR/USD Monthy chart. What do you see? MA200 stoped the decline for the third time. I mentioned this level in my previous analysis as a possible bottom for this pair and 1.2240/50 as a possible turnover point and that’s exactly what happened. EUR/USD rebounded at 1.2500 for now, but could this be a long
Read moreHave you traded gold in the last two days? Yes!? Here you are! There is no need for analysis, you are busted! 🙂
Read moreWith 1.2004 low today, SNB can’t be peaceful and must be on the alert. Is the peg in danger and can it be broken? If we can remember April 05. 2012. yes it can! With low 1.997 at that day, we sow that ‘the miracle’ is possible here. I read one time, that SNB stands at 1.2 with 40 billion euros,
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