Over 20 years in trading
Aussie aproached six years low and it’s possible to test it again. Last week the pair already was near, but it bounced up strongly on Monday from this 0.7600 level, reached 0.7820 high, where the sellers have taken over the pair and returned it stronly down to 0.7600 again, where the pair closed the week near. At the begining of
Read moreThird bearish week for the Pound, but daily MA100 hold the pair on the way down for three times this week at 1.5170. In this week, the pair has closed almost at the opening level, 1.5268/1.5283, but weekly range was almost 300 pips. The buyers were ready at Tuesday after wich the pair has touched daily MA100 and previous support level
Read moreBut, can the buyers defend this level now, or the sellers will manage to brake true!? Well, it will be interesting to see this batlle now because, all the way to 1.1000 could be filled with long orders and turnover from this level is possible. Strong 280K NFP data pushed the US dollar all over the market, but unemployment rate
Read more1170/80 was solid support for several times at gold, but it looks like that gold buyers are retreated to lower levels!? If this support breaks, 1132/42 could be serious test for gold, the previous support from November 2014. and March 2015. If sellers reached that target, it will be the third attempt to breakthrough. In that case, the gold could strongly bounce
Read moreAccording to Bloomberg, Greece will not be paying the IMF payment of 312 million euros tomorow. Is that surprise or!? Of course that news like that has ‘disturb’ the EUR/USD on the way up and returned the pair down to the 1.1222 low, erasing the whole gain from today. 1.1300/10 support didn’t manage to hold and the pair pass true
Read moreThe bulls are serious for third day in a row and they have pushed the euro true the 1.1310/20, for now reached 1.1379 high today. This level was resistance from May 06./07./13., on the previous 1.1450 attack. If that level will be broken, next target for the bulls is previous resistance at 1.1450/60, follows 1.1500/35, the resisistance from February 03./04./05./06.
Read moreImagine this, the euro went up after Mr.Draghi and this is the second time in a row after his speech. Well, I was pointed at this support 1.1060/80 in my morning EUR/USD analysis and that was the point of bounce after Draghi was answer at the question about growth. Even the Draghi was more dovish then hawkish in his answer,
Read moreGold didin’t move much in the last couple of days, as you see in my chat 1190 is the level where gold find the buyers in the last 6 days, but on the way up 1200/05 is the place where sellers are waits for now, the previous support from end of the May. First stronger support is up trendline, 1178/80 is
Read moreGreat day yesterday. The euro has broke several important resistances on the way up, all because of the possible ‘Greek deal’. First resistance at 1.1000, second the stronger one at 1.1030/60, daily MA100, H4/MA 200 & 100, everything was ‘easy job’ for the bulls after wich they took important territory again. 1.1200 was the resistance they didn’t manage to brake, I
Read more1.1820 has stop the fall yesterday and the pair has recovered at the end of the day. Today, the pair looks promising as well, after the trendline was broken EUR/USD reached 1.0950 high for now. You can see that 1.0960/70 could be the minor resistance now, trendline is placed at aprox 1.0980, H4/MA200 and next resistance at 1.1000/30. Could it
Read moreUS dollar smashed the euro in the last several days, breaking important supports, but as we can see, there is no serious buyers for now. This level aprox 1.0790/820 could stop this fall for a while, but there is possible daily H&S formation if that support breaks. For that, EUR/USD must reached 1.0500 again. On the way up, 1.0900/20 could
Read moreThe precious metal lost $20 today, the same value as in last Tuesday. Gold opened the day near 1207 and start to fall slowly, but after the Europe market opened the door, gold fell sharply to 1195 support, but it continue the same after US sesion opening, after wich the outer and up trendline has stop the fall at 1186,
Read moreUSD/JPY broke the previous resistance and reached 8 years high, 122.74 for now, but what important is that, June/2007. is in sight now and that could be next target for the bulls. Sure, that’s not near the all time high at this pair, but it’s important level to cover for the US dollar. For sure, sellers are placed bellow this resistance,
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