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Finally some positive news for Greece and EUR/USD fell for 100 pips. I can’t tell and I don’t want to speculate why the reaction is not in the opposite direction, but if we take a look at previous market reactions on the bad news, this is not surprise, right!? After the pair bounced up to 1.1196 and hit down trendline, selling pressure start
Read moreThe pair slided on Wednesday for 200 pips in fear of the stock markets crush and reached an important suport level at 120.40/60, which I pointed in my analysis from July 08. The buyers were ready there and took over the control, after wich they have pushed the pair back to the beggining, only two days latter. Here we are, 100%
Read moreEUR/USD rises on hope for an agreement between Greece and the EU and this is just a minor positive reaction at Greek concrete bailout proposal. Finaly some concrete move from Tsipras. Technicaly, the pair is struggling today with yesterday’s strong resistance at 1.1120/30 from were the pair has crushed to 1.0990, where the buyers have taken over last night. The pair
Read moreUSD/JPY is falling like a rock from the start of the day, Japanese currency has strengthened 1,55% today versus US dollar. The pair opened the day at 122.55 after wich is fell for almost 200 pips, wich is not usual here and it reached 120.61 low for now. Daily MA100 is broken at 121.01, it looks like there is no
Read moreIt looks like that gold finally found the buyers at 1147 level, but there is no stronger move up from this level for now. Yesterday’s low at 1148 and today’s at 1147 could be support and low for now, but despite US dollar weaknes, the gold is calm and don’t react as usual. I wrote for several times that gold moves
Read moreAfter yesterday’s slide down to 1.0916, the pair manage to bounce at the end of the day and close above 1.1000. During the night at the Asian sesion, 1.0972 supported the pair, the previous support from July 06. after wich the pair bouced up again and reached yesterday’s resistance at 1.1058 high. Daily MA100 is placed today at 1.1030, it
Read moreI didn’t want anything to write on Friday, and today I’m not in the mood as well. Why? Well, there is so many headlines and talk of ‘nothing’, which is moving the market with no sense. But, tehnical analysis works despite everything and all I see is the levels I pointed here before. Greek saga continues, bears are still angry because
Read moreI wrote in my analysis from June 30. that gold doesn’t show any signs of recovery and slowly falling each day. Today, the pressure is at 1162 level, previous support from June 05. This is support, but is it possible for turnover at all, bearish momentum and sellers pressure is huge. After the FOMC metting when FED decided not to hike,
Read moreCan we say that? It looks to me that this level at 1.1580/600 could support the Pound for now, from where the pair could try to recover to 1.5670!? Well, there is NFP coming today, that could be a trigger and it could brake this level if the data will be better, but let’s see until what will happen. The
Read moreIn the last two days, the US dollars bulls are stubborn and they don’t want to take a brake here. But, the pair is aproached previous resistance at 123.75/85 and H4 down trend line now. The pair pass true the H4 MA100&200 and that could be a solid support now at 123.00 if the pair retreet back. USD/JPY still didn’t cover
Read moreDaily MA 100 is placed at 1.1043 today and the pair opened the day above at 1.1050. For now, the low of the day is 1.1032 and it seams that daily MA 100 hold the pair on the way down. First resistance is placed at 1.1080, as you can see it was already hold on the way up. The level
Read moreGreek Prime Minister Tsipras has entered into negotiations as a lion, and slowly turns into a kitten. Market reacts sharply on each headline/news from Greece and it’s almost impossible to place yourself into a right possition. I know it’s hard, but technical levels work in both ways. Don’t run for the price if you’re not already in, because sharp reversals are
Read moreGold doesn’t show any emotions for events in Greece, on the contrary. Price surged on Sunday night to 1187 and then went back, even lower from Friday’s closing. There is no sign of the buyers at all, but the price is currently lying on the support level and trend line at 1168/70. Could this level help gold to bounce? Brake could lead the
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