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Post ‘FOMC move’ has covered in total today! EUR/USD gained 425 pips yesterday after FOMC and lose everything today, AUD/USD gained 193 pips after FOMC and lose today more then 200 pips, USD/JPY lose 179 pips after FOMC, gained today the same back. Nasty market like I said before and sharp turnovers! USD is looking very bullish today and more
Read moreWhat a day, what a night, what a morning at EUR/USD, wooow! Well, I warned that there will be sharp turnovers everywere and here we are today, back to the begining. It’s not weird and for those who are longer on the market this is usual development after important events, like we had yesterday. Technical levels stop the EUR/USD yesterday,
Read moreI wrote in my FOMC preview, that FED will not hike and that droping of the magic word ‘patience’ will not change anything in the market for the US dollar, and only specific actions in tightening monetary policy will help to boost the US currencie. Otherwise, the most benefit from todays decision will have euro, this is what happend, +400 pips
Read moreAs we can see, one hour before the meeting market players expect no changes in FED monetary policy today. USD is losing ground all over the market. EUR/USD manage to catch 1.0665, AUD/USD 0.7669, GOLD 1155, USD/JPY is down at 120.80… This could be a firework today traders, sharp turnovers are possible everywere, there is no doubt, be very careful! Let’s
Read moreI wrote in my previous gold analysis, that gold bears would like to take 1132/37. This is how weekly gold chart looks like! It seams that everything is set for a new low level here? The first line of defense is 1147/42, second the stronger one is previous low from November at 1132. If that level brakes, gold bears will
Read moreFor 5 days in a row, USD/JPY is literally on the same level, consolidating and waiting for the Federal Open Market Committee (FOMC) meeting, which is tomorow at March 18., start at 18:00 h (GMT). As you can see in my chart, there is several trendlines which lead the direction of the pair and I don’t expect bigger moves until tomorow,
Read moreEuro doesn’t give up and tries to recover from the loss and fail brake on Friday. Must say, that fall bellow 1.0500 could be a SL hunting, while EUR/USD was recover on Thursday all the way to 1.0683 high, but it was return latter and hardly push down on Friday afternoon, with no particular reason. 1.0500 didn’t manage to hold,
Read moreEUR/USD manage to defend 1.0500 at March 11. and rebounded to 1.0683 yesterday, but here we are today, 1.0500 is under heavy attack again. For now, the level is holding, but this is the hard betlle now and brake is possible. There is nothing new on the wires and it’s obvious thet someone want’s to close this week under the strong support at
Read moreI wrote about this possible development at my USD/CHF analysis from March 02. US dollar bulls have almost covered complete loss from the ‘SNB’s move’ in January 15. It was clear that this would happen here, the US dollar has been growing for the eighth week in a row now and manage to catch 1.0127 yesterday. The pair is hanging around
Read moreGold is bearish and it’s falling for 9 days in a row, slowly aproaching to 1132/37, the previous support from November 2014. and the lowest level in the last 4 years. Yesterday the bears has tested first support at 1142/47 and the level has defended, but they are testing that level again today. I wrote about this levels several times in my gold analysis.
Read moreThis level could stop the EUR/USD fall! Trendline October 2008. –> June 2010. –> March 2015. and previous support from March 2003. Is it possible for the pair to go lower, not on my oppinion, but be very careful, this is crazy market! I didn’t recomend EUR/USD long to no one in the last couple of weeks, not until now, but this
Read moreI wrote in my yesterdays EUR/USD analysis that 1.0550/70 is next target, here we are. Euro is falling like a rock, this looks preaty ugly now. There is no one from the other/long side!? If this level breaks, next target could be strong support monthly trendline at 1.0320/40, but is it time for a coffee break? For this last morning’s
Read moreThe ride was started in May 04./2014. from level 1.3993! After 10 months of riding in one way down, roller coaster riders are in full speed without brakes! All I hear is heeeeeeeeeeeelp meeeeeee!!! 🙂 Hahah, nice ride indeed! A little humor doesn’t hurt, right? 😉
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