Over 20 years in trading
You can’t cover 23,6 fibo return from the 1.40 –>1.11 fall!? 🙂 The fall began in early May 2014. from 1.3393 and temporary find the bottom in the middle of January at 1.1097. After four weeks, EUR/USD can’t cover 23,6 loss, which is at 1.1777. On the way up, there is daily resistance at 1.1430/50, next is weekly at 1.1530/50, following
Read moreCan the US dollar cover complete loss from 2007-2011 fall? We could see that there is enough buyers on every USD/JPY decline, ready to cover every loss here. Based on this monthly graph, first resistance is December 2014. high at 121.80 and if US dollar bulls could brake that level, 124.00 could be sure thing in the following months. But, that would not
Read morePound goes a step-by-step upwards, but today had stoped exactly at the February 16. resistance, at 1.5430/40. If pound manage to brake that level, 1.5485/500 is next resistance, previous support from the end of December. In the case of decline, 1.5400Â is first minor support, and 1.5320/40 stronger.
Read moreAs I wrote in my Gold analysis from February 12., gold bears reached 1205 target today! Could this level hold? Up trendline from December 01. –> January 02. is here, but gold is not on the way up, and that could be a problem. Support at 1205 could be strong and if the level brakes, lower levels are possible. In that case,
Read moreAUD/USD is aproached at resistance level 0.7850/80 again. That level stoped the recovery for several times in the last two weeks, it will be interested to see how will this attack ended!? If the pair manage to brake that level, 0.8000 could be the next target for the bulls. Resistance starts at 0.7830/50/80!
Read moreWhether the Greece ask for an extension to current bail-out programme or not!? That’s for sure the main indicator for this pair, and possible negative/positive result of the Eurogroup metting could brake all technical levels, be aware of that! But, in the meanwhile, let’s take a look what we have on technical chart now. Up trendline is holdnig on the
Read moreEUR/USD manage to brake several resistance areas, but still looks vulnerable on the higer levels. There was no reaction at all on better then expected EU GDP (0,9% vs 0,8% exp). Could this 1.1400 area hold the pair on the way down and return the pair up toward 1.1530/1.1650? Greece bailout is still to much weight for the euro!?
Read moreGold make a new step down, but MA100/H4 at 1218 hold yeterdays fall. Strong jump from this morning was probably reaction on BOJ news and JPY strengt, but the joy on gold was short lived after US dollar was covered more then 61.8 loss at USD/JPY. Gold is looking bearish and it looks like the bears are aiming for 1205 level? If gold
Read moreBefore and after this two times ‘roller coaster’, EUR/USD is driving between 1.1270 and 1.1370. Bulls are holding on the way down, bears on the way up but, based on what we seen here, the pair is more favorable to the bears. Could buyers turn the situation from 1.1230/70 or they will retreet to the lower levels toward 1.1100?
Read moreEUR/USD approached the first level of support, which start at 1.1300, but the pair could reach lower and search for stronger buyers at 1.1260, –> 1.1230. Bounce from last night was limited and the pair catch the high of 1.1359. Euro weighed problems of Greece and waiting for the new headlines!?
Read moreI have already mentioned last week, that the market is too nervous, reacting on the headlines strong and quickly! You have probably saw/experienced that at EUR/USD, with 200 pips up/down ride, for two times last week! On February 03. the pair strongly jumped from 1.1320 to 1.1533, after wich start to fall slowly at the begining, but after the ECB
Read moreGold bears finaly manage to brake 1250/55 support at the end of the week. I followed the employment data today and gold start to fall before the news, from 1265 to 1258! But, that’s not news on gold! After US employment data was out, gold tumbled furder down true the 1250/55 support and daily MA200, true the H4/MA200 at 1239 and until
Read moreUSD/JPY cosolidate for 15 days, with low at 115.80 and high at 118.80 at the beginning. Amaizing support at 117.20 hold the pair on the way down for days, with only 3 declines bellow that level, but only until 116.90. This triangle could hold the pair still inside for a few days, but, something must happen soon!
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