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Third green month in a row for the precious metal and second attack on monthly MA100, which has stop the buyers in February. Gold bulls broke the triangle yesterday and previous resistance at 1265, after wich the bullish momentum continued today as well. High of the day is 1274.84 and it’s not a question of resistance level in this area, but the monthly
Read moreBoring week on EUR/USD and it’s not a surprise if we know that the ECB and Mr.Draghi is coming with Interest Rates next week. The euro is finaly caught the air after 4 days on pressure and it bounced from the support at 1.0820/30, but a quite strong resistance is on the way up. At first, there is daily MA100 and trend line at
Read moreThird bullish day in a row and the real one today for the Pound lovers. You can see in my analysis how the pair found support and turn the bearish into a bullish momentum, at this ‘broken’ up trend line in the last two days. For now the pair reached 1.4060 and the buyers are trying to push the Pound true the
Read moreGold buyers are trying to push the price up, but strong daily down trend line is holding on the way up at 1247 today. You can see on my chart that the gold is moving true the daily triangle in the last two weeks, after the precious metal has reached Monthly MA100 on February 11. It’s bullish in the last
Read moreI wrote in my EUR/USD analysis from Friday that the support 1.0910/40 will stop the fall and it did, from where the pair bounced up and close the day and week at 1.0939. But, despite the bullish beginning of the new week in which the euro reached daily MA100 and high of 1.0962, previous support trend lines are now the resistances.
Read moreHere we are again at daily MA100 and at the important support for the euro. This time the sellers looks stronger then before two days, when they surrendered at 1.0956. Can the buyers defend this level again and turn the pair in they favor one more time? As I have already wrote in my previous EUR/USD analysis, this level at 1.0910/40
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I have chosen the US dollar index to show you this, because of the importance of the same in the market. But it’s the same thing in all currency pairs, commodities, stock market indices… You probably think now, hey what the hell is this, right!? But, if you look closely, you will see the highest importance of the SR levels and trend
Read moreAs I pointed in my USD/JPY monthly chart from February 23., the pair have a strong support at 111.00 and when we take a look in weekly chart, we can see a double bottom at that support. There is still two days in this week, but if the pair close above the 113.40 resistance, the buyers could push the pair stronger toward
Read moreNice roller coaster on gold yesterday. I wrote in my previous gold analysis that, it looks to me that gold is overbought at 1249, but as I expect from the buyers to reach 1154/57 at first anyway. Well, they have reached 1153,27 after which the sellers have take over and returned gold strongly down, all the way to 1221 again. Even I
Read moreI wrote in my Gold analysis from February 22. when gold touched 1200 again that, I don’t see gold bearish despite US dollar strenght and here we are two days latter, the buyers reached 1250. At first, they manage to break triangle yesterday after wich the gold was supported at 1220/22 today and fly high true the resistances. Well, this
Read moreThe EUR/USD reached daily MA100, which I have predicted in my previous analysis and trade. What now? This level at 1.0910/40 is very important for the euro in my point of view and furder move will depend on development around this point. The US dollar is very strong and the USD Index is reached Daily MA100 as well. That’s why this is very interesting
Read moreIn my GBP/USD analysis from February 02. I have pointed at 1.4600/50 as an resistance which can’t be broken on the way up and that was right. Latter on, the Brexit referendum called for June 23. in this weekend was just another reason for big sale in this pair. US dollar is favorable, which is apsolutely normal, but what could we
Read moreTough February for the US dollar in this pair, isn’t it!? Well, you already know that the BOJ scares investors here with the possible intervention, but in wich level they could really intervene? As I see in my Monthly chart, the pair is still supported with strong technical levels here above the 111.00, but if this level fail to hold in February, 105.00 could
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