Over 20 years in trading
As I wrote in my EUR/USD analysis yesterday, the bulls will try another attack on the strong resistance area and here they are today. Everything is setup for the battle of the year in this pair. In my point of view this will be something huge and most interesting to follow in the coming days or even hours. All levels I
Read moreAs I pointed in my previous gold analysis, the buyers are strong in January and they have almost reached my predicted target near 1135. Yesterday high was 1128 and they have stoped by trendline in wich I have pointed in my last analysis from January 26. Gold doesn’t shine today, which is normal according to my technical analysis, the buyers have retreated to lower
Read moreAs I wrote in my previous EUR/USD analysis in 2016., the pair could stay in this level until some major central bank decision. Well, we have FED interest rate decision today, but could today’s decision be the stronger mover here? I doubt, because the market is expecting for FED to stay with rates on hold. Monetary policy statement could move the pair
Read moreAs I see this, it’s possible inverse H&S pattern and 300-350 potential pips in long position. Firts test for the buyers is this necline at 0.7030/60 which they have already tested. If thay manage to brake that, daily MA100 could be the next target and resistance level at 0.7150/80, after wich comes weekly down trend line at 0.7240/60. Take this resistance
Read moreI am ready, let’s move on! Despite US dollar strenght, the precious metal is holding very well and the bulls would like to reach 1135/40, the daily MA200. As I wrote in my previous gold analysis from January, daily MA100 and 1110/15 level was strong resistance, from where the sellers have returned the gold to 1080, but the buyers have
Read moreReuters article is boosting the euro strong. As they write, the members of the ECB are sceptical about need for the furder easing in near term. The euro buyers took that news seriously and push the pair for 80 pips up, from 1.0850 to 1.0930 for now. As we can see, the 1.0800 support holds the sellers again yesterday and return
Read moreUSD index is moving true the up trend daily channel from December, with strong support at 97.00 and solid resistance from 99.20 > 99.60. In the beginning of December it touched 100.50 after wich has sharply fell back to 97.70 in just one day. Since then, the bulls have take over the 97.20 level, at outer weekly trendline and manage to build
Read moreAs I pointed in my USD/CAD analysis from January 08., the pair has reached the weekly trend line yesterday with high of 1.4314 and turned back today, for now to 1.4200, searching for the new buyers. This is the previous resistance and possible strong support, all the way to 1.4170. The bigger buyers are waiting at 1.40. On the way up, this
Read moreWith low at 13.63 in December, silver reached the lowest level since September 2009. But, the bearish trend could continue and the sellers could try to reach the low from 2008. at 8.50/9.00!? On the way down before that, the only stronger support is waiting at 11.80, the low from the beginning of 2009. For now, the silver is holding on support from
Read moreWith a last week braketrue bellow 1.4600, the Pound is literally hammered vs US dollar and it want be easy to recover from this level. On the way up, in my point of view, 1.4650/700 will be a very strong resistance and sellers teritory, if the Pound manage to recover in the first place. The fall stoped at 1.4500 last
Read moreI don’t analyse WTI crude oil often, but at December 10.2014. I have made an analysis and my view for the price in 2015. Quess what, it happend exactly as I predicted. After the WTI crude oil price fall bellow 60 usd, there was no chance for same to recover above, and that level has become strong resistance in 2015.
Read moreGreat week and beggining of the year for the USD/CAD. You can see in my analysis, how the pair is moving true the weekly up trend channel, but before the resistance line from inner side, it reached the resistance level at 1.4150/200, the previous resistance and level from July/August 2003. The pair opened the 2016. at the strong weekly support
Read moreIn my gold trade from January 05., which I have presented yesterday here, you can see how huge can be difference between short term and long term trading and what is the ‘risk’ from long term trading, if you are a retail trader. But, can we call that as a risk and how to react properly in the situations like this
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Forex Trader 