Over 20 years in trading
I am still in with my short position from yesterday and the market almost catch my profitable SL in the morning. But, I never move my SL and I didn’t move it today from 1.10574 because of the daily MA200 at 1.1050. My position survived with high of 1.10524, only 5 pips from my protection. On the down side, there is H4/MA200 which
Read moreBased on my view on the current situation and on my EUR/USD analysis over the weekend, let me present my trade. I opened short position near 1.1100 in the morning, protect with SL above the 1.1120 resistance and moved latter the same on the profit teritory, bellow the entry. As you can see, my target is still far away for now,
Read moreAs I wrote in my previous EUR/USD analysis, the market players are turning to the US dollar again and the gold felt that as well with decline from 1225 to 1202 today. In this level, there is several technical supports which has stoped the fall for now and from where the precious metal is trying to recover, but there is not
Read moreThe pair is stil moving true the down trend channel, in wich I have pointed in my EUR/USD analysis from February 19. Well, there is another crisis coming up in Europe, this time with the British referendum. As I wrote yesterday in my article about this, it’s not only a matter of GBP here, the Euro could feel the ‘heat’
Read moreThe EUR/USD is moving true the H4 down trend channel in the last couple of days while traders are wait fot the US CPI data. In my last EUR/USD analysis from February 17. I have pointed at possible break down to 1.1060/80 and yesterday the pair fell to that level, with 1.1070 low. After the support at that level, the pair rebounded up
Read moreThis is why it’s important to participate in discussions on my blog. In my last gold analysis from February 17. I have pointed that the buyers have took over the precious metal at 1200 and build a strong support at that level. Latter in our discussions in the same article we have predicted the possible development after the FOMC minutes, in
Read moreFor sure it looks like that after we see strong defend line at 1200, which they have build during the day. Sellers were persistent today as well, at first attacking the strong support zone at 1195 and during the day 1200 for several times, but the buyers manage to defend that level and they have return the precious metal in their
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In my yesterday’s EUR/USD analysis I have pointed at the possbile breakout up from the ascending triangle. Sure, I also pointed out the importance of breakthrough the 1.1180/90 resistance at first, but the sellers have decided for break down true the trend line, after witch my predicted support level at 1.1120/30 hold the fall. Well, here we are today at the
Read moreI must analyse gold on smaller time frame now and this is how it looks like at the H4 chart. You have seen my previous analysis and how the buyers have reacted at this 1190/95 support yesterday and early today, but I don’t like what I see now. The pressure on the main support is very strong and possible break
Read moreAll important news which are coming true the wires are negative for the US dollar, but anyway, the USD index is trying to return the lost teritory, no matter that this is very strong technical resistance. At first, ECB’s Weidmann said that furder QE is not necessary now, hour latter FED’s harker said that it’s better to wait for stronger
Read moreIf you take a look at my H4 chart, you can see an ascending triangle and possible break up, but only if the buyers manage to pass true the 1.1190/205 resistance. Possible target is 1.1260 > 1.1300. On the way down, H4 up trend line is holding first, daily the stronger one second at 1.1120/30. Let’s see what will happen
Read moreAs I pointed yesterday in my gold analysis, the buyers were ready for action at 1190/95 and they have took over the gold at the exact level, with low at 1190.90 today! After the level has defended, the buyers have reversed the precious metal up and for now reached 1217. They are aiming to the first resistance level at 1220,
Read moreYou can see in my weekly chart that the Aussie is trying to brake this strong weekly down trend line and if the buyers manage to brake this, the Aussie will attack 0.7400 for the fourth time. In this case, I see a possible attack at the 0.7600 level. What needs to happen now? At first, this trend line must be broken, after
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