Over 20 years in trading
Everyone loves CHF and JPY in these days, but the investors have fear of the possible SNB’s and BOJ’s intevention in the market. That’s why they have turned into US dollar in the last two days, Friday/Monday. It seams that ‘the talk’ from the central bankers wasn’t so innocent as we tought in the previous week and the market moves
Read moreTough beginning of the week for the precious metal which is sliding backward all day, start from 1235, reached the low at 1208 for now. Where are the buyers? In my point of view, they are waiting at aprox 1200>1195>1190 and that could be the strong support if the gold falls to that level. This is already huge decline, but
Read moreAs I wrote in my previous EUR/USD analysis from February 12., I expect for the pair to slide back in this week and that’s how the week has began. Since Asian sesion opened, the pair is slowly falling and for now it reached daily MA200 at 1.1190. First minnor support is at 1.1150/60, follows the stronger one at 1.1045/70 after
Read moreHere we are a year latter, EUR/USD is on the same place. You can see the consolidation range during the 2015. in my weekly chart, in between 1.0460 and 1.1530. There was only one attempt to break up, or could we say to collect the stops, when the huge players have reached 1.1712 in August 2015. Here we are in
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What to write after this? Well, this was an unusual and rear day in the market with the precious metal for sure. It’s not that something like this didn’t happen before, it did and it happens with gold each year. But, moves like this are realy something special, from wich you can take best you can or you can be
Read moreWhat a two weeks on gold, woow! I can’t find something similar in a long time and this is only an idication of how much investors are afraid in the moment. Talk about possiblity of interevention from the SNB and BOJ stoped the CHF and JPY, but gold… Who will intervene here? I wrote in my previous gold analysis in
Read moreTake a look at my 1 minute USD/JPY chart how the market reacts on talk of possible BOJ intervention. The pair has slammed in only 4 minutes, at fist two up for 170 pips and in the next two seconds down for 160 pips. As I see it, this wasn’t an BOJ intervention, just the huge market players reaction on the rumour
Read moreAfter the gold buyers have reached weekly MA100 and strong resistance at 1195/1200 on February 08., four days latter they have manage to break true the same and reached 1205 at first > 1210 latter during the Asian sesion, after which thay have build the new support at 1205 and continue to push higher in the European sesion, all the way
Read moreI will try to take this reversal at EUR/USD today. You can see the exact process of my entry, protection and how I see the furder development here. It’s not easy to trade this, let’s see how will ended? I will move my SL by steps as I have pointed in my chart, the first one is already done. These steps are
Read moreIt’s always something, right!? Well, this time the term ‘Brexit’ is scary for the Pound as the term ‘Grexit’ was for the euro last year. Sure you’ve heard about the possibility for the Britain to leave the European Union and that is why the Pound can’t recover versus US dollar which is weak for days versus other currencies in the market.
Read moreAfter few days of the consolidation in between 1.1100 and 1.1200, the euro is marching up again. The bulls are showing the will to go even higher and if this resistance at 1.1300 breaks, the next target for the buyers could be 1.1500 > 1.1700. I have pointed in this possible channel in my previous EUR/USD analysis and for now, the
Read moreThe gold price was near weekly MA100 last time in January 2015. In my previous gold analysis, you can see that I have targeted this level, step by step with start at 1045 > 1080 > 1195 and here we are today, with high of 1199 for now. Almost connected with weekly MA100, there is strong down trend line near as well,
Read moreEUR/USD is falling today because of the US unemployment good numbers from Friday and the US dollar buyers are little relieved in the beggining of the new week. Let’s see how and were will technical levels hold the fall and can the buyers remain in control after the last beautiful week for them. I have lowered my first support at 1.1015/45 from the last
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Forex Trader 