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USD/JPY reached resistance from December at 121.80/122.00, where the pair find decent sellers which has pushed the pair strongly back to 121.20. Abe adviser Honda maybe help the bears with his comments, that there is no problem for Japanese economy with USD/JPY around 120. It seams that BOJ is monitoring the FX moves closely and they could act if it needed.
Read moreAs I wrote in my EUR/USD analysis from March 04., after the pair broke 1.1100, next target could be 1.0760/90, the low from August 2003., this is what happen. Not only that the pair catch this level, it broke it and reach a low at 1.0734! It looks that there is no end for EUR/USD fall, the next target could
Read moreSimilar moves on those two pairs but that’s not strange because of the Euro weaknes in the market. The pair touched 1.3945 low on Friday and recover to the 1.4100, where the pair find resistance, the previous support from March 05. Down trendline return the pair down to 1.4040 for now, furder decline is possible, 1.3950 is first support. If
Read moreI wrote in my gold analysis from Friday, that 1167 is low level of support. But, on Friday gold sliped under and touch the low at 1163.70, after wich gold try to recover, but 1167 was resistance, and gold closed the week at 1165. Well, last night at the opening week, gold ‘jump’ over that level and open the week at 1169,
Read moreGold lose $35 yesterday and broke two support levels. After the strong NFP data, US dollar strengthened all over the market and broke the gold most of all. The free fall started from 1197, broke first support at 1190/95 immediately, and second at 1167/72 after 5 hours, with low of the day at 1163.63. Gold close the week under the support at
Read moreI wrote in my gold analysis from March 04., that I don’t see the reason for gold to move up and here we are two days latter, 1175 for now. After strong NFP numbers gold tumbled from 1199, trying to catch next bears target at 1167/72, the previous support from December and January. Could that level hold this strong decline
Read moreEUR/USD continue to fall on Friday and find a new 11 years low, 1.0963! There is no technical support at this level, not until 1.0760/60, previous support from August 2003. I wrote about this level in my previous EUR/USD analysis from March 04. There is not much to analyse here because I can’t see any atempt for recovery. The pair
Read moreAs I wrote on my previous article, when Mr.Draghi have a speach, market could move strongly, that’s exactly what was happen today during the press conference. After the ECB’s decision to put rates on hold, euro was bullish and at the begining of the press conference euro was catch 1.1114 resistance, the previous support from yesterday and from January 23./26.
Read moreAfter 7 hours of battle, EUR/USD broke previous support from January 23./26. at 1.1100, with low of the day at 1.1064 for now. If the pair close the day bellow, that level could become resistance. We can see that, the pair can’t recover at all in the last couple of days, and there is so many down trendlines here, on every time
Read moreFor eleven days, gold can’t get out of the 1190/1220 range. On the way down, gold find support at 1190/95, on the way up, daily MA100 is holding at 1215 and 1222/23 as resistance from previous days. It’s look like the gold could spend more days at this range, or the bears will try to brake 1190!? I don’t see
Read moreThe third day in a row gold can’t manage daily MA100 and 1220 level. During the Asian sesion gold catch 1223, but Europe turn the gold down again and that’s not strange if you follow gold moves. US market continue to push down and gold is back in red at 1208 for now, probably aiming 1200 again? I wrote in my
Read moreBears keep the EUR/USD under control. Despite ‘US Manufacturing PMI’ weaker then expected, 52.9 vs previous 53.5, usd run against euro again. Last night the pair touch a low of 1.1159 and recover today to 1.1240high, the previous resistance from Friday. We can see at this chart, that euro can’t recover to 1.1260/80 and that means that strong seeling orders start from
Read moreBased on daily chart, they are not far away. US dollar is extremely bullish vs Swiss franc for days, cover more then 61.8 loss, after the SNB was remove the EUR/CHF 1.20 cap. In the last couple of days, US dollar have ‘problem’ with braking outer weekly trendline, whish has pushed the pair from May/June 2014. This level 0.9550/70 was
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