Over 20 years in trading
In January gold opened at 1205, just above the Monthly MA100 which has pushed gold higher for $80, but in February gold lose $70 and that same MA100 must defend the price from the bigger fall. Gold close February at 1210 and still have $5 gain in 2015., but what next? You can see those triangles and trendlines, there is
Read moreEUR/USD closed the 8th month in a row in red! If we take a look at monthly graph, 1.00 could be target for the bears, but it want be easy to catch. 1.00 is for sure the strongest monthly support, the previous strong resistance from 2002., but there is several strong supports before as well. What could be the reason
Read more…in February, but it’s end of the month and now is the question, is it ‘needed’? For sure, it’s interesting view to consider about and these are the levels to watch. EUR/USD find support at 1.1180/1.1200 and trying to recover and catch resistance at 1.1260/70. High today is 1.1244 for now and that level is a minnor resistance as we can
Read moreUS dollar strengt ‘hit’ this pair as well and push USD/JPY to 119.40, where the pair could take a brake for a while, beacuse of the previous resistance at that level, from February 17./18. Take a look how precise MA100 is holding on the way down, trendline as well. If US dollar bulls brake this level, 119.80 could be next
Read moreAfter mixed data from US, EUR/USD tumbles true the previous support level at 1.1260/70. At this moments trying 1.1222 level, as you can ses, the previous ‘boost’ level from January 26./27. Could this level be broken as well? Euro is to weak to fight in theese moments and furdr decline is possible. Next minor support could be aprox 1.1200, previous
Read moreThe day started beautiful for the bulls, gold opened at 1200 which was the low of the day for now, climb higer to 1211.90 during the Asian sesion, but after that slowly retrets for hole day and aproaching 1200 again. This level technicaly looks a bit deferent then before, could this push the gold higher again, for real this time, at
Read more…down trendline is holding on the way up and return every bulls attack! If this trendline can’t be broken lover levels are possible here and next bears target could be up trendline at 1183, support level at 1168/73 is next target and stronger support. Daily graph is looking like we have a possible H&S formation with neckline at 1168/73, hm…
Read moreAfter the pair touched the bottom in January, at 1.4950/1.5000, pound win 4 of 5 weeks and manage to reach 1.5470, where the pair found resistance twice in the last two weeks. As you can see, that level is previous support level from December 2014. and it’s not easy to brake. Sellers are placed from 1.5470 to 1.5550 and next technical resistance
Read moreGold opened the week at 1203.48, but slide under 1200 during the European opening sesion with 1190 low, where gold find the buyers, wich has pushed gold back at 1210 at the time of writing. It looks like this could be a fail brake today and 1200 shows as a solid support, like I have writen before in my gold
Read moreDaily MA200 supports the pair for days at 1.4500. Weekly MA100 is placed near as well, at 1.4475 today and on every decline lower, buyers push the pair up. Could this ‘buyers zone’ hold the pair furder and return the euro up toward 1.4700/900 in the coming days, it all could depend on Greece agreement, yes again. Greece brings too much
Read moreGreece get a deal at the end of the week and euro celebrated that, but… this was not growth as I expected. Could we see more eur/usd ‘saga trading range’ during the next week? Possible, but let’s take a look what do we have on technical chart. As we can see, 1.1270/80 supported the euro once again and pushed the pair up, toward
Read moreIt looks like 1200/05 provides a sollid support as I mentioned at my previous gold analysis. Yesterday’s growth was suddenly stopped at 1223 and gold was returned down all the way to 1205 again. As we can see today, 1202 push the gold up again to 1215 for now. Daily MA100 as an resistance is placed at 1217, and previous
Read moreWhat next? The pair is squeezed in the triangle and looking bearish, but 118.20/40 was solid support before. It will be interesting to see this battle, that’s for sure.
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