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In my USD/JPY analysis from yesterday I pointed 117.20/118.20 as a strong support and 119 as first and possible resistance level. After the pair touched 118.97 the pair start to fall and the bulls start to defend the support line at 117.60, which was supported for more then 10 hours. During the Asian sesion that line 117.10/20 was defended for
Read moreYou don’t know what to do, am I right? At one moment your pair is bullish and going strongly up, few minutes latter everything is changes with no reason and the pair going down strongly, then up again… No worries, that’s normal development in the fx market at the end of the year. Funds and Banks are adjusting and rearranges their portfolios and boosting
Read moreAfter ‘October consolidation’ AUD/USD continue to fall furder in a one-way street and find support at aprox 0.8200 in the last couple of days, trying to recover, but still looking heavy. If the 0.8200 brake, furder decline to the 0.8060/80 is possible, the low from May/June 2010. On the way to recovery there is several resistance levels, down trendlines… Take a look at
Read moreAfter seventh weekly growth in a row at USD/JPY, the pair finaly cool off last week, but on each decline buyers are waiting between 117 and 118 after which they push the pair back up to 119/120. This is a normal consolidation for the pair after enormous growth and furder up/down move between this levels are possible.
Read moreI pointed at my previous EUR/USD analysis that 1.2240/50 could be the bottom for this pair and after the pair rebounded up, that level wasn’t in danger again. Could that level be the bottom for this year and whether the pair return at least 23.6% loss from the May 08. –> December 08. fall and get back at 1.2650? The
Read moreAs I wrote in my gold analysis from December 10., ‘the bulls have a lot of work here on the way up’, we can see that gold is stoped at December 09. exactly at 50.0 fibo return from the July 10. –> November 07. fall and back slowly to the support level at 1208/10 today, pushing down continuously with H4 down
Read moreI didn’t have much to analyse in the last two days, I can only conclude this week with EUR/USD H4 chart. My previous analysis was showed enough for this week, like EUR/USD from December 09. I pointed then, that EUR/USD will go higher, and that 1.25 will be the next bulls target and pointed that level as an resistance. Well, bulls manage
Read moreIf we remember 2008. and WTI free fall from 147 to 35 usd from July until December, everything is possible here. Last technical strong support ‘station’ at 58/60 is waiting and after that level, there is no stronger support before 33/35. Usualy I don’t analyse WTI, but watching at this fall it’s start to be interesting. There is a lot
Read moreUSD strenght over the past few months broke several important support levels here and for the past 5 weeks the pound can’t recover more then 1.5700/800. You can see at this weekly chart why. USD return more then 61.8% loss of the July 2013.—> July 2014. pound rally and that level has become a strong weekly resistance point for the pound. This
Read moreAs I already mentioned in my previous analysis, gold hit 50% fibo return from the July 10. –> November 07. fall and daily MA100 at 1237/38. There is strong weekly down trendline as well, near 1250 and resistance/previous support at 1255, following 61.8 fibo at 1265. Gold is looking bullish, but this levels betewen 1237 and 1265 are the real test for the
Read moreLet’s take a look what do have on weekly chart at gold? After the Swiss gold referendum results, the gold opened last week with decline to the strong support at 1246/48 and rocketed on the same day up, all the way to the 1221 high. The rest of the week gold moves from 1215 and 1286, trying to consolidate and close
Read moreStrongly bullish today, gold manage to brake 1208/10 and trying to brake 1220, previous high from December 01. We can see that gold bulls have ignored the ‘Swiss gold refrendum’ move down, and push the gold higher exactly from the previous up trendline! Bulls must brake 1220/25 if they wants to go higher toward 1240/50!
Read moreThe pair stuck at the 1.2350/60 resistance for the last 5 hours, but looking bullish at the moment and it looks like 1.25 could be the next bulls target!? On the way up bulls have the strong down trendline at 1.2430, MA100/H4 and resistance level at 1.2450 and that could be the first real test for them, if they manage
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