Over 20 years in trading
There is a rumor about Greek capital control circulating, but who cares is this move because of that or not!? 1.0900 is broken strong with high of 1.0948. Well, this could be a fail brake based on rumor, but I wrote in my yesterday’s EUR/USD analysis that this up trendline could stop the fall and push the pair up again
Read moreI wrote in my yesterday’s EUR/USD analysis that the buyers could test 1.1050/70 and they did it during the morning. The pair touched a new 15 days high 1.1051, after wich the sellers have taken the control and push the pair back. The strong pressure on the 1.0900 support was maintained for 4 hours and the buyers gave up from that
Read moreUSD/JPY declined today to 118.32 low during the day, where the pair find strong support and buyers, which has returned the pair up to 119.00 at the time I am writing this analysis. As you can see in my analysis, 118.30 is previous strong support from February and that would not be easy to brake down. On the way up, first
Read moreAfter March 18., (FOMC) and huge 200 pips fail brake, the Pound can’t manage 1.4950/90 for five days in a row. Previous strong down trendline ‘still works’, previous support, now strong resistance at 1.4950/90 as well. First support holds on the way down at 1.4830/40 for the last three days in a row, stronger one is down to 1.4700 and
Read moreAs I wrote in my EUR/USD analysis from March 20., the pair will try to cover ‘the FOMC day’ again, and it’s almost did it in complete. Yesterdays high was 1.1029, just before US CPI data, when the pair had returned to support at 1.0900. That level had defended again and today is aiming up again with 1.0973 high for
Read moreBusted or not, nasty market today. I am looking at several pairs, the techical levels have been moved for 50 pips or more, fail breakouts on the EUR/USD as well. It’s not so strange that market is adjusting for new levels, creating a new resitances, supports and moving trendlines for several degrees. I hope that you are aware of that when you trade
Read moreIf US dollar bulls brake 119.70/80, furder gains are possible here.This is important levlel for the bears to hold and to return the pair down to 119.20! As you can see, there is several trendlines wich is holding the pair on the way up, resistance level as well, h4MA200 is placed at 119.76. Could this be broken? US CPI and Markit manufacturing
Read moreAs I wrote in my previous gold analyis, the precious metal catch 1190/95 in the last two days and this is the level which is important to be broken. If gold bulls manage to get back inside the trendline, inverse H&S is possible here, with 1220/23 as an first target. This is not easy level to brake through and if
Read moreI would like to present my best analysis and currencie pair move predictions in the FX market and here is the first one. I made this AUD/USD analysis and prediction at the end of October 2013. It’s not only that I predicted one way movement, while I was analyse and predict three steps move, with potential H&S formation before it
Read moreEUR/USD opened the week at 1.0859 and retreet back during the Asian sesion at previous support from Friday 1.0750/70, which push the pair up again to 1.0820/30. But, you can see at my chart, that H4/MA100 is holding the pair on the way up to push stronger. The pair looks bullish during the European sesion aiming the next target/resistance which
Read moreGold manage to brake 1175/80 in the last two hours and this will be very important to close above. 1190/95 is next target/resistance for the bulls, the previous support from February/March. Could it be reached today? As I wrote last night, gold is moving in the right direction based on the FOMC decision to stay on hold with Interest Rates,
Read moreI mentioned this up trendline as an very important support for the EUR/USD and it’s seams that it works. With minor fail brake under 1.0670/80 the pair is awake today and trying to recover from the huge loss. Until now it manage to catch 1.0773 and this 1.0730 level coud be minor support now. Could the pair catch 1.0810/20, the first
Read moreAs I wrote in my gold analysis from March 17., if FED fails with concrete mesures, gold could bounce toward to 1180, that’s exactly what was happen here after FOMC. Gold catch 1175.40 high in Thursday and 1178.70 yesterday, but it stuck there. Why? As you can see on my chart, this level is ‘full of technical resistances’ and regardless
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