Over 20 years in trading
There is no shine for gold here, the sellers are still in control. The previous strong support from July/August at 1075/80 is turn up in to strong resistance now and the buyers can’t turnover the shiny metal for now, it’s not that they didn’t try. Daily down trend line is holding on the way up as well and it’s possible
Read moreThe pair is falling slowly but steady for days and today we have another low in the last 7 months, round 1.0600 for now. Trend lines are all over the place and the sellers are positioned at various locations on the way up. There is no major support here, at least I can’t see it, except these trend lines and previous support from
Read moreIn the last couple of days, the US dollar was near the high level from January 15. (1.0220). That was the day, when the SNB has removed EUR/CHF 1.20 floor and shake the whole FX market, financial world as well. That move caused so many troubles with CHF pairs in the market, but the US dollar start to return the
Read moreAussie’s strenght on Friday was a little strange despite US dolar, breaking some strong resistances on the way up. But today, in the beggining of the new week, everything is back to ‘normal’ and the US dollar has returned lost teritory during the Asian sesion. As I pointed in my AUD/USD analysis from Friday, last daily MA100 break from June
Read moreAussie is breaking resistances one by one and marching forward up strongly in the last two days. If the bulls remain so strong, next target is 0.7300 > 0.7370. Last time, when the Aussie close the day above daily MA100 was June 18., but it didnt’t last long. Could this time daily MA100 provide a solid support on the way
Read moreEuro is trying to recover, and the bears went totally insane. How do you dare to recover? It looks like, that yesterday’s FOMC minutes are telling more then we see from statement. I have pointed in my previous EUR/USD analysis, that this resistance at 1.0700/20 is very strong and you can see how hard bettle is this now, amaizing. This chart is
Read moreThe Aussie bulls have defend a very important 0.7060/80 support yesterday after the FOMC minutes. After the buyers have take over the pair, they have reached down trend line and MA100 until end of the day and during the Asian sesion, they have manage to get true, all the way to my predicted resistance, 0.7150/70. For now, the buyers are trying to
Read moreAussie can’t get out of the bear hug as well, sellers are ready at H4 down trend each time when the buyers try to respond. The resistance is providing the H4/MA100 as well (red), you can see the several burned candles under the line. The previous resistance at 0.7070 stoped the fall yesterday and return the pair just under the
Read moreThe euro has find buyers at 1.0630, near the low level in the last 12 years, 1.0460/500. For now, the pair rebounded to 1.0670, but there is a hard road on the way up. First strong resistance is here at 1.0670/80, the previous strong support for days, next one is just above at 1.0700/20. That level could be crucial for the euro,
Read moreYou can see exactly here in this GOLD 1 minute chart with SR levels and trend lines. This is just happening in the market, the gold sellers are strong and they are trying to reach new low for Gold in the last 5 years. I pointed in my previous gold analysis in this possibility and here we are, cent by cent
Read moreTerrorist attack in France and military respons in Syria pushed precious metal to 1198, but the sellers was ready there and stop the panic at technical resistance level. At first, gold opened the week with $7 gap at 1189, after wich the traders tryed to fill that gap, but the trendline stop the return at 1186 and the buyers pushed
Read moreEuro is trying to recover some loss, after 5 days in a row defending of 1.0700. As I pointed in my previous EUR/USD analysis, the pair has find sellers bellow 1.0850 and this is the first serious resistance on the way up. But, the buyers teritory is way above that level at 1.1150 and that is the level where the buyers
Read moreI followed the USD/CAD consolidation in this channel for few days and todays break after the oil slump. Well, the pair reached resistance now, which start in 1.3315/20 > 1.3350/65 the stronger one. Let’s see how will sellers react now and can the buyers break this. If not, decline back toward 1.3250/60 is possible. US dollar is strong today for now,
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