Forex Trader

Busted or not, nasty market today. I am looking at several pairs, the techical levels have been moved for 50 pips or more, fail breakouts on the EUR/USD as well. It’s not so strange that market is adjusting for new levels, creating a new resitances, supports and moving trendlines for several degrees. I hope that you are aware of that when you trade

If US dollar bulls brake 119.70/80, furder gains are possible here.This is important levlel for the bears to hold and to return the pair down to 119.20! As you can see, there is several trendlines wich is holding the pair on the way up, resistance level as well, h4MA200 is placed at 119.76. Could this be broken? US CPI and Markit manufacturing

For 5 days in a row, USD/JPY is literally on the same level, consolidating and waiting for the Federal Open Market Committee (FOMC) meeting, which is tomorow at March 18., start at 18:00 h (GMT). As you can see in my chart, there is several trendlines which lead the direction of the pair and I don’t expect bigger moves until tomorow,

USD/JPY reached resistance from December at 121.80/122.00, where the pair find decent sellers which has pushed the pair strongly back to 121.20. Abe adviser Honda maybe help the bears with his comments, that there is no problem for Japanese economy with USD/JPY around 120. It seams that BOJ is monitoring the FX moves closely and they could act if it needed.

US dollar strengt ‘hit’ this pair as well and push USD/JPY to 119.40, where the pair could take a brake for a while, beacuse of the previous resistance at that level, from February 17./18. Take a look how precise MA100 is holding on the way down, trendline as well. If US dollar bulls brake this level, 119.80 could be next

What next? The pair is squeezed in the triangle and looking bearish, but 118.20/40 was solid support before. It will be interesting to see this battle, that’s for sure.

USD/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!

USD/JPY is bullish again today, but that’s not news any more. I was pointed few days ago at this ‘support trendline’ where the pair find buyers for 5 times allready and push the US dollar up every time. On the other side, down trendline holding the bulls on the way up and return the pair down again, forming some kind of

I wrote in my USD/JPY analysis from January 14. that 115.50/60 is in sight and that is exactly what was happen last week. The pair touched 116.05 at January 14. and 115.85 day after. But, us dollar can’t kepp down for a long time and at the end of the week the pair recover loss all the way to 117.80. Let’s

In my previous USD/JPY analysis from January 12. I was pointed 118 as strong support level and it was for three times, but 4-th attack at the level broke the support, after which the level become resistance. I was pointed 118.80 as minor level then, but it looks like that level played a key role yesterday after the pair slided strongly

During the Asian sesion USD/JPY find support at 118, previous support from January 06. and after Europe opening, push strongly up at 119.30 where the pair find solid resistance. On the way back down, minor support could hold at 118.80, lower at 118 again. Watch these levels and trade carefuly because this coud be a roller coaster again.