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We have another fail brake here and that’s exactly what I was write about in my yesterday’s GBP/USD analysis. The Pound didn’t manage to stay above the 1.5000, what was very important for furder development here. Even the level was clearly broken with high of 1.5052, at the end of the day the pair close at 1.4962. The Pound was
Read moreWhat do we have on gold and how the things are developing regardles to my inverse H&S prediction? We could see that gold managed to stay in the 1190/1220 range, with slight decline bellow at April 14., when I was pointed that move in my analysis, as an possible fail brake. 1208 was the first minor resistance and that level was
Read moreAfter the March 18. and huge fail brake (FOMC day), the Pound didn’t manage to brake 1.5000, not until today, one month latter. With 1.5052 high, the resistance is broken, that’s for sure, but this level must be defended and the pair must close the day/this week above, how 1.5000 will become support. For the bulls, 1.5170/200 will be the
Read moreAussie finaly manage to brake the trendline yesterday, after wich the one has become support line. This is why I love trendlines and trading on the basis of them. You can see that, the Aussie is trying to pass true the 0.7800/20 resistance for a while, and if manage to do that, 0.7850 could tne the next minor resistance. I
Read moreEuro manage to reached the first stronger resistance at 1.0710/30, with 1.0746 high during the Asian sesion, after wich has ruturned down sharply, all the way to the 1.0626 for now. As I can see the technical chart, this level aprox 1.0600 could stop this fall and, on the way to the recovery, 1.0670/80 could be the first resistance again.
Read moreI hope that you remember my Aussie analysis from April 8., where I pointed at this trendline which holds Aussie on the way up for a long time now. In the last couple of days, the Aussie has tested support at 0.7530/60 for two times and the pair find a decent support at that level again, after wich has pushed
Read moreToday’s ECB press conference was interesting, but not by the statements of leaders, while the female protestant performance. But, what about euro and the most trading currencie pair EUR/USD? During the day in fear of Mr. Draghi, the pair fell sharply to the 1.0570/80 support, but when Draghi didn’t surprise the market and when he wasn’t so dovish during the talk,
Read moreOld song, the euro is back again, testing the 1.06010/30 support. As you can see, the bears want’s lower levels here, there is no doubt about that. How low thay will get, 1.0580/90 or lower? We have ECB Interest rate decision today, is it possible that the market players expect the new measures from Mr. Draghi!? The trendline has moved now,
Read moreI was pointed at this trendline yesterday, in my EUR/USD analysis. After the trendline was broken, the pair test it from the outer side, after wich the euro was pushed strong higer to the first resistance at 1.0610/30. That level was taken over after a short pause, and 1.0670/80 was next. You can see, that this level is broken at H1 as
Read moreEven the US dollar is not so favorable today, gold didn’t manage to hold above the 1190/95 support today!? This is H4 chart and this could be daily fail brake, but take a closer look at this level today. This trendline coud stop the fall for now, there is H4/MA200 as well and previous support at 1178/80 is near. On
Read moreIf we take a look at smaller H1 time frame, we could see how technical ‘works’. Downtrend channel push the pair down, step by step all the way to 1.0520, where the pair has found current support. I mention that level aprox 1.0500 in my previous analysis, as an possible first line of defense. Could Euro bulls reverse the situation
Read moreEuro has tried to brake 1.1050 for several times, but that level rejected each bulls attack in the last 30 days, after wich the pair turn into red month again. The 10-th in a row for now! The bears are aiming to the previous supports from March 11./12./13. at 1.0460/1.0500 and if the pair came there, that will be the
Read moreThis is potential inverse H&S there is no doubt, but 1220/23 is the main target to be broken for furder development here. We could see that the ‘second shoulder’ at 1190/95 is holding for now, despite strong US dollar in the market and that is important level as well on the way down. If gold manage to stay between 1190/95
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