Over 20 years in trading
After amaizing rally in December 2017, gold opened 2018 at 1302.90. As buyers continue tu push price furder, gold reached the high price of the year 1358.46 in early 2018 at January 24. That level becomes the strong resistance which buyers couldn’t break for weeks, after which sellers took over the precious metal in middle April. Until middle August gold
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On August 02. we have analyzed the eur/usd and showed potential target for the end of 2017, as well as the support under which the euro will not go any more in 2017. Six months latter, you can see how everything developed in the most important currency pair. True, the pair didn’t manage to reach our target by the end of
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Gold opened 2017 at 1250 and in the same week reached low of the year at 1246. During the middle of the year, 1300 and 1200 was levels of resistance and support, after which gold reached a top of the year at 1357 on September 08. The fall has started returning the precious metal at 1260, with 1300 again as
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For 8 trading days in a row the buyers are reaching the new high on gold, slowly breaking the resistance level at 1260/65 and reaching the new one at 1272 today. Is this all for 2017 or they will push the precious metal even higher, we will see, but it looks like they have returned the lost teritory. From this
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The only support which we have pointed on December 07. in between broken 1260 and 1205, the 1240, stopped the free fall on gold in the beginning of this week. The buyers were strong and they didn’t gave up until FED’s rate hike decision. On decision from FED to hike rates from 1.25 to 1.50% they have pushed the precious
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After huge daily falling flag (October/November) in which gold was driven as a roller coaster, sellers have finaly decided to go lower in December. As we can see, strong support at 1260/65 is broken today and that level is 61.8 fibo return from July 10. (1204.75) > August 09. (1357.44) growth. Weekly MA100 at 1256 is broken today as well
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As we wrote and point in our EUR/USD analysis from October 27. the pair has stoped the fall at the support trend line near 1.1550, after which the buyers has formed the strong support line at that level. After October 27. they have tried to push higher, but exactly as we pointed, the sellers helt the resistance line for several
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At yesterday meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at
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The important support at 1.1800/35 is broken yesterday, which held the pair for a month, as I have predicted in my last EUR/USD analysis from August 29. As I pointed then, I sow a resistance at 1.2100/35 and the pair even did’t manage to reach that level, with high at 1.2092 in September, just a few pips bellow. It’s obvious
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As you can see, everything is precisely explained in the chart. The pair was supported for several times from 108.13 (the low), all the way to 108.70 and on Friday September 08, the pair finaly broke the support, closing the week at 107.84, well bellow the support area. For sure, that closing on Friday gave the sellers view of the
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At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period
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Exactly as I predicted in my previous EUR/USD analysis on August 18., the euro bounced up from the marked support and break 1.2000 today. In this moment, the EUR/USD is at the highest level since December 2014., at 1.2060, holding the 6th month gain in a row. As I see, the next possible resistance is latest at 1.2100/35, where the
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With respect to my monthly analysis from August 02. and the forecast of the eur/usd possible target after the break of important resistance, here’s how I see the pair on daily chart. As you sow in the market, the pair is moving for days in between 1.17 and 1.18 without a clear direction and based on my technical chart, this
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