Over 20 years in trading
It’s not easy to get away from the bear hug, but the euro is trying. As I pointed in my last EUR/USD analysis from November 09. the pair has reached next support at 1.0650/80 yesterday, after wich the buyers have reacted and returned the pair up to 1.0773 high in this morning, but the sellers still have control here, you can
Read moreThis is more for the rookies in this industry, but here is my view/example on how to take a good position, short EUR/USD in this case, intra-day and day-long. It’s easy to see that the down trend is for days, even weeks in this pair. After huge decline on Friday, caused by good numbers for the US dollar, the pair is trying
Read more1.5500 and daily MA100 was tough level for the buyers, which I pointed in my previous GBP/USD analysis from October 14., after wich the pair didn’t manage to break that level for days. Last week and the US dollar stenght pull this pair down as well and the pair fell from 1.5500 all the way to 1.5026 low, where the buyers
Read moreThe sellers remain in control. The precious metal is holding steady near the 5 years low and the low from 2015. Sure, the sellers would like go a step lower, maybe even to try the low from February 2010., 1044 level!? Today, gold buyers showed the will to recover the shiney metal, but they have manage to reach only 1094,
Read moreSome major weekly levels have been broken on Friday after the strong NFP numbers and it looks like the US dollar have the advantage for the up coming weeks, before December important meetings. Technicaly, this is what I see now. The fall stoped here at 1.0705, near the possible stronger euro support at 1.0650/80, the support level from April. That could
Read moreI am following weekly charts in the last couple of days because of this. As You can see, the US dollar in on huge test here. For now, only USD/JPY have a possible breakout, but still not confirmed, it’s Wednesday. All others; EUR/USD, GOLD, USD index are still in range, bellow resistance or above the support. Take a look, it’s very
Read moreAfter Yellen speach, the US dollar bulls are flying high today. This is highest level from August 31. with 121.72 for now. This level is strong previous resistance in the last two months, 61.8 fibo return is on test, daily MA100 at 121.79 as well. If the bulls manage this level, this could become a new stong support and the
Read moreWell, the EUR/USD fall is not surprise any more and on every comment, whether is from Draghi or Yellen, the pair is falling sharp. Today, the bears have reached the stong support at 1.0800/50, with low of the day at 1.0844 for now. Could we call this level support any more? Hardly. If this levels breaks, the next station could
Read moreAfter the break of daily MA100, the road to 1080 is open for the sellers. Previous up trendline at 1116 is the next target, 1100 after. This is the 5th red day in row for the precious metal and it looks like there is no sign of the recovery, the sellers are to serious and this looks ugly now, the
Read moreStrong technical resistances hold the pair on the way to recovery and the pair is returned to the downside again. 1.0890/900 is the target for the bears now, 1.0800/50 the next one. There is minnor support here at 1.0960/70, this could hold for a while. After each attempt to go higher, the sellers would take over and return the pair down, exacly
Read moreUS dollar strenght is melting gold slowly and gold is falling for days, heading towards daily MA100. That level could be a possible turning point for gold at 1135/38, if this momentaly support at 1150/53 breaks. There is several trend lines all over the chart and it’s always interesting for me to analyse and to trade gold, my favorite. On the way up,
Read moreSanta Draghi and Santa Yellen have promised a lot for December in the last couple of days, and of course that the EUR/USD felt it immediately, but the December is far away. Well, let’s put that promises aside and see what we have technicaly now, after this preaty huge fall. The buyers have waited above the strong 1.0800/50 support and hold the free
Read moreThe outer side of the previous strong support trend line want let go and the pair can’t pass true to reach daily MA’s 200 and 100 at resistance area 1.1115/35 for now. The pair has covered 23.6 of the ‘Draghi’s talk’ but this seams to be the sellers teritory now and it will be interested to see how will bulls respond
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