Over 20 years in trading
US dollar has find a buyers at 107.60 level last week and in the beginning of the new week in the same level. We could see that this week is in tha favor of the buyers for now in wich they have reached 109.30 today. This is minnor weekly resistance now at 109.30/60, after wich they have a bigger one
Read moreThere is FOMC coming up at 18:00 h (GMT), but the market players have decided not to wait here. I followed the 110.00 attack at the M5 and M1 chart and must say that, this was a real firework. After the sellers have broke 110.00, the buyers have took over at 109.82 and fire the rocket at 110.40 in a matter
Read moreAnd it looks like the sellers would like to take this support at 1.1300/20!? The pair is bearish for days after has reached 1.1437 high on April 01. In the last three days, the buyers are defending this support level returning the pair up each time, but the sellers looks persitent to broke this support. It’s a strong one and
Read moreAs I predicted, the strong support level at 110.70/111.00 is broken, but there is more fight to come for the sellers. As you can see here in this weekly chart, the buyers teritory could be all the way to 109.70, from were they could turn over the pair in their favor and that’s what worries the sellers now. There is not much
Read moreThis is the only pair which has attracted my attention in the beginning of the new week. As I wrote in my USD/JPY analysis from March 24., fourth attack on support will brake this and for me it will be really interesting to see, whether this will actually happen? It’s a slow day with not much happening in the market and this
Read moreWith the US dollar weakness in the market, this pair is also sank down. Is it time for a reversal from this level? Based on my view and this technical analysis, the pair is near support and reversal area. The low from yesterday is 0.9592 and the pair is sinking today again, searching for the new buyers near the same level. As
Read moreAre you in? 🙂 A little fun and analysis, it’s doesn’t hurt sometimes, right!? Interesting ride during the March with GBP/USD, there is no doubt and it could continue for a while, without kidding. Brexit referendum in not near and the market ‘players’ are playing with this pair as we can see. Near the 1.4000 are the buyers and near the
Read moreYellen knows how to ‘talk’ with the market, but reaction is the same with concrete actions by Central Banks, in the favor of the euro all the way. That’s why I wrote yesterday that I am expecting for the euro to go up again, but I didn’t see this is coming as reaction at Yellen’s speech. Well, I wrote as well
Read moreAfter the pair fell bellow 1.1200 in March 2015., there was no month in wich EUR/USD closed the same above 1.1200/25 and this is the 13th consecutive month in which the pair could also close bellow. You can see that there was several months in wich the buyers have reached higher levels, mostly 1.1500 in 2015., but the sellers are
Read moreIf it will be attacked again, the same will be broken. It was very interesting on March 17./18. I followed the move here in my blog after FED, when there was a speculation that the BOJ has intervened in the market, after the pair rebounded for 100 pips sharply. But, soon after the move, officials from BOJ said that they don’t
Read moreI wrote in my previous analysis from March 18. that, the Pound is on a big test at the resistance level 1.4500 and that the buyers will have a problem to break true. Well, that level reject the pair again exactly at my pointed trend line, in wich I have focused for a long time here. After the Pound slided back from
Read moreBut the technical resistance has stoped the growth and return the gold down to 1250, exactly at the H4 MA100, where the precious metal has settle down now. After the FED’s decision to stay on hold and dowish stance from Yellen, the precious metal reached 1265/70 and that was the level where the sellers have took over, returning the gold down slowly.
Read moreThe buyers are persistent, pushed the Pound strongly from 1.4100 in the last two days. But, they are in a serious test now, in front of the strong technical resistance, which has stoped the growth yesterday as well at 1.4500. This is sellers area, but the buyers looks determinated enough to go higher. For sure, this it will be very interesting to
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