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From the begining of November EUR/USD ranges between 1.255 and 1.235. Strong daily down trendline pushing the pair down and range is tightening in the last couple of days. It will be logical for the pair to try the support 1.2350/60 one more time, but as we can see, for the last three days euro is defending 1.2420. Euro can’t
Read moreAs I see, this was the bigist gold turnover since September 18. 2013. Gold opened the day and start the week at 1154, fell down to the 1142 and return over 1148 in the first hour of trading, after wich 1148 become the strong support. When Europe began to trade gold immediately start to rise and catch 1178/80 resistance after
Read moreDid you expect this reversal on gold? Of course not, and that’s why I wrote last night on my gold analysis that I don’t recomend trading on gold, not today! As you can see, gold fails to attack 1130 even everthing was technicaly pointed that will happen last night. But, bulls was showed their strenght again at 1146/48 and push
Read moreOn friday gold broke important support level at 1178/80, and close the week at 1166, but after the Swiss gold referendum failed over the weekend, gold opened the week even more lover for 12 usd, at 1154. Looking bearish now and aiming first minor support at 1146/48. Stronger support is waiting on the 1130/32, previous low from November 07. This
Read moreUSD/JPY, what to say on this pair? Every decline on this pair is fully and quickly covered by the USD bulls. At this moments, the pair hit the previous resistance from November 25., at 115.50/60. If the pair manage to brake this level, 118.90/119.00 is the next strong resistance, previous resistance from November 20. and 7 years high! Buyers are serious
Read moreAs you can see, gold have problem with H4 down trendline and MA200 in the last couple of days, but every drop has returned to the starting position. Still looking bullish, but losing momentum and decline to 1180 is possible if bulls didn’t manage to brake trendline today. 1208/10 is first target and resistance for bulls on the way up. As
Read moreAfter September 12., EUR/AUD is moving between 1.42 and 1.47., literally in a few pips with support/resistance levels. After several days of wild roaler coaster, triple bottom at 1.4200 boost the pair up strongly, and finaly catch 1.47 today, for the second time in this two months period. For now, the pair is rejected again from 1.47 and slightly slide back to 1.4640/50,
Read moreFirst reaction on better then expected data was decline to 1.2390 and then reverse reaction after wich EUR/USD broke the previous resitance at 1.2450/60. In my yestreday EUR/USD analysis I draw this possible scenario, stop at 1.2450/60, back and posible rebund from the level 1.2395! For now, the pair stoped at 23.6 fibo return from the October 15. November 07. fall. This level was
Read moreAs I pointed at my GBP/USD analasis from November 13. if the pair brake 1.5700/30 on the way down, that level will become resistance level, and we can see that GBP can’t get back over for the last 7 days. GBP bulls have try to brake it for several times, but selling pressure on that area is to strong for now, pushing
Read moreAs I predict the possible movement on my EUR/USD analysis from November 21., the pair touched last night the support line at 1.2350/60, previous two years low and rebounded today to the 1.2430 level. At 1.2450/60 we have minor resistance, but it could be hard to brake, because of the trendline and resistance level. Stronger resistance wait at 1.2485/1.2500. On the
Read moreThird friday in a row gold rises. As I wrote in my analysis from Monday, 1208/10 could be the next target for this week and here we are, 1207.86 high for now. I wrote yesterday that gold is looking bullish and point at this up trendline which one is pushed the gold up today. Gold is still looking bullish, but can
Read moreWhen Mr. Draghi have a speach, you can’t miss it on the market, just sell euro before the speach! He said this morning,’ECB will do what it must to raise inflation and inflation expectations as fast as possible’. Maybe the ECB will act again soon, maybe not, but what do we have here at EUR/USD today technicaly. Morning sharp fall from 1.2550
Read moreMy previous article wasn’t analysis on gold, I just wanted to show you how looks like ‘the up/down ride’ on the smaller time frame M15, coused by the news. I never do my analysis on small charts like that. What do we have technicaly after that ride we can see here at H4 chart. 1178/80 is shown as very strong
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