Forex Trader

Should I mention that everything exactly happened in this pair as I wrote in my previous  EUR/USD analysis from October 21. Well, it did and I know that some of you (Mark) will be pissed off but…  😉  The pair bounced from 1.0850 and the buyers have reached 1.1000 today, the minor resistance, but it should be broken if they want

The buyers are on the run after FED’s stay on hold and dovish Yellen yesterday. They have reached 1.1250 for now where the buyers have stoped today. As I see it, this trend line is the main technical reason for that, as I don’t see anything else here. Take a look at the EUR/USD move inside the channel and H4 spikes and

You have probably notice that I don’t analyse EUR/USD lately at all and if you take a look on this daily chart closely, you will understand why. Even that the technical analysis works perfect, the pair is moving without much sense and it’s impossible to trade on trend here for a long time, what’s unfortunately not strange. Even before Brexit the

It’s interesting to see my EUR/USD analysis from Thursday August 18.  and my comment on possible SL hunting above this strong trend line, which was holding the pair before and after the fail break, but not for that several hours of fail. Was that SL hunting or something else it’s irrelevant, but the real break missed and the pair returned on Friday

As you know, my main tool for the analysis and trading are trend lines as they are are playing very important role in the future moves. You can see on this chart that the trend line from December 2015 (1.0500) is holding the pair on the way up for 3rd day in a row at 1.1320/40 level. That’s why you

It’s interesting to see how long the consolidation of the main currency pair is. To be precise, from January 18.2015 after the pair reached the exact level where it is today, near the 1.1200. There was some downs and ups as you can see, but we can conclude easy that there is no long-term trend for the past 16 months in which

For three days in a row the buyers manage to close on new high and they have continue to push higher today as well. If you take a look at my weekly analysis from June 27. you can see that this is the strong sellers area, but the buyers looks persistant enough to try to push higher and it seams that they will

What a mess on Friday, wow!? For a long time I didn’t see the market moves like that. It’s not easy to analyse the pairs after the Brexit referendum, the charts are preaty unclear and I think that traders are still in some kind of shock. But, in the EUR/USD weekly chart, there is a technical indication which is in favor of the

The worst NFP since September 2010 (+38K) and the US dollar is slammed in the market. EUR/USD is marching strongly upward and it has reached 1.1300 for now. It will be interesting to see where the pair will end the day after this terrible data!? 1.1320/50 could be the real test for the buyers and it could stop ‘the Europhoria’