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While I am writing this analysis I see that the pair is sharply rebounded from the 110.60/70 area, in this moments back to 111.60 in a matter of few minutes. We could say that the stop loss hunting mission is completed or the BOJ is realy intervened. Let’s see what will happen next?
Read moreThe euro marching forward strongly today, after Yellen failed yesterday and the question is where this euro growth could end it? Is this resistance strong enough, starts from 1.1340 > 1.1375/90, or the sellers will retreet higher toward 1.1500? Who can tell, the market is unpredictable in the last few days after the ECB’s messures and FED’s ‘not’ messures. This is
Read moreThe market was expected rate hike from FED and this reaction is a proff. Because, there was no changes in FED’s policy today. The euro is back to 1.1220 and it’s possible to go even higher if this resistance breaks! I wrote in my yesterday’s EUR/USD analysis that, the euro buyers wont give up easily and pointed in this trend line from
Read moreBut, this is strong technical resistance here at 1.1120 and it’s not easy for them to break true and reach short stops above that level. It will be interesting to see how the market players will set up this pair before FED’s interest rate decision tomorow. EUR/USD is realy hard to trade for months, but the technical works fine most of the
Read moreGold fell back to the support at 1237/42 for the third time in the last 4 trading days and it looks as it could be broken now. After the ECB’s messures on Thursday, buyers have tried to brake 1274/79 and they didn’t manage. The resistance was to strong and the gold returned down on Friday strong, continued to decline today as
Read moreOn February 16. I wrote in my weekly analysis that the Aussie could try to reach 0.7600 from 0.7150. Three weeks latter here we are, the target is reached with high of 0.7592. First week was tough as I pointed in my analysis, 0.7150/200 was important level to be broken for furder gain on wich the buyers have spend 7
Read moreIt’s not easy to find a clever solution after ECB’s ‘rate cut move’, but it looks to me that this could be a possible target now, after the pair settled down at the end of the last week. Resistance at 1.1180/200 looks preaty strong from my point of view, there is no point for euro to get stronger fundamentaly, technical is not
Read moreWhat an amaizing day for the euro. ECB cuts all interest rates, increases QE to 80 billion and announces 4 new TLRTO’s. At first, the euro sank for 100 pips down to the support at 1.0820, we have followed the move here in my blog LIVE with comments, on what could happen next during the press conference. I was pointed at this levels
Read moreWhile the euro is slapping all around, my focus today was on gold, after I made my yesterday’s analysis and prediction on what could happen here. And yes, that’s exactly what happened, extremely precise. The bulls were ready for a turnover from my predicted support at 1237/42 and they reached 1273 today for now. It looks now that they don’t have enough strenght to reach 1279 and
Read moreGold is falling for two days after the bulls couldn’t brake the 1279 resistance and it will be interesting to see are they ready for turnover here at 1242? This could be the place for reloud the weapon and to try again, but if the bears break this down bellow 1237 it could be difficult to return precious metal up. Let’s
Read moreLast time I analysed USD/CAD on January 09. and 13. I have pointed on this weekly channel. If we excluse the strong bullish momentum and obvious ‘SL hunting move’ before 8 weeks, the weekly channel and move true looks perfect. We can see that, the lower line stoped the fall at 1.3260, after 7 red weeks in a row and I have
Read moreAfter interesting last week and especialy Friday, the EUR/USD is settle in between the daily MA100 and 200, with slightly bullish tone. We know that, the Friday’s move was forced by the big players in expectation of the ECB’s meeting in this Thursday, March 10. Could we expect furder easing from Draghi? Yes we can and for sure that this
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For sure I am not! I wrote before two days in my EUR/USD analysis that, something like this will happen and that the stops are in danger in around this level, above the technical strong resistances. After the NFP data was out much stronger then expectation, many of the small retail traders tought that the US dollar will benefit huge from that,
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