Over 20 years in trading
If you take a look at my gold analysis from May 16. this is the level on wich I have pointed as possible target for the sellers. They have reached 1230 low today for now and the complete recent gain from end of the April is erased. 1282/87 fail break was indication for me that this could happen here and
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Too bad that the price didn’t reach my target, which was only several pips below the lowest price. To be honest, I was followed the move all day and I was sure that the price will hit my TP, but it’s not. Gold found the bottom at 1244, after wich the price returned up, as I see at the first resistance
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What to expect from FOMC today? More empty talk or specific indication of the possible rate hike? Well, the US dollar bulls are aware of the Euro weakness and this technical picture shows that they are right and placed on the right side, in the EUR/USD short positions. Sure, the market reaction on realease could be on both sides and these
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The precious metal touched 1288 high today after the buyers have broke the down trend line. They have probably tought they can target the next resistance, but the sellers have took over and returned gold down sharply to 1274 at first and to 1271 after. H1/MA200 was broken in this first attack, H1/MA200 is holding for now. Daily candle looks burned now,
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Let’s take a look at the weekly EUR/USD chart once again. In this analysis you can see why the bears are still strong here and why only above the 1.1700 we could expect for the bulls to take over. Is it possible to see this breakout in 2016.? Well, anything is possible in forex as you know and all we
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If you can remember my USD/JPY analysis from February 23., I wrote in wich level the BOJ could be ready and I pointed 105.00/50 as the possible one. As you can see, after the pair reached that level, the BOJ is talking about possible intervention in the FX market for days, in the last two we can hear that specificly from the
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Exactly as I have predicted in my USD/CAD analysis from April 29., the US dollar stoped the fall near 1.2400 and retuned the price up from that level. My headline in that article was, ‘it looks like there is no end, but there is’ and you can see the result in the last 10 days. The buyers broke first resistance at 1.2750/800
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At first, I will show you my EUR/USD pre NFP and NFP trade, how I did it and why!? Everything is writen in my chart and you can see clearly why I have opened short trade yesterday after support level was broken, why I have closed the same manualy on the next confirmed support and opened a new, the long
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I am and let me show you why and how!? It was realy easy trade based on my expectation which I wrote in my ‘RBA Monetary Policy Statement’ article. This was trade in combination of the fundaments and technical analysis, what I like the most. As I wrote in my article, RBA cut cash rate on Tuesday to 1.75% and that was
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And that’s exactly what I wrote in my previous analysis if the buyers failed again at 1.1500! Shooting star and fail brake on Tuesday, May 03. returned the pair in the favor of the bears. As I wrote in my EUR/USD analysis from May 02., that was possible last chance for the buyers to break that level, but they didn’t manage despite
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Strong pressure from the sellers today for the second time and gold reached 1272, the lower/stronger support line after 1275 from the European session. I pointed in this level as support in my Gold analysis from May 02. in wich I have pointed at the strong resistance above the 1300 level as well. Gold started day with fall at first
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With the latest gbp/usd analysis from today, the number of my technical analysis in this blog is round 500 in total. 🙂 Since I am writing my blog, at first fx24seven.com from November 2014. and forextrader.live since January 2016., must say that this is really a respectable number. I hope that you have found something for you in between, in the
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The US dollar has returned daily loss here in total and based on my analysis, this trend line is technical reason for that. As I see this furder, 1.4820/50 could be even the stronger resistance area, with bigger sellers in that place and if the pair manage to reach that, it could be interesting place for short orders. On the other hand, 1.4440/70
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