Here is my DAILY XAU/USD (GOLD) chart...

After my target being hit last week for 350/400 pips on my sell analysis I think we are approaching a support zone..

Support is in around $1590.So i have drawn in the FIB tool from last years highs..

As you can see the non-lag…

Here is one of my reasons for entry after  my downside target of 1.2990 area was hit I am now long with a target of 1.3471 as shown on my weekly chart.  Daily chart showing good support supported by weekly S3 a bounce of the 50 day sma, and 61.8% retracement.  For those who are used to seeing me in the chat room I will only be visiting there when my targets are hit and or i am expecting a reversal as the madness of the room distracts my trading.…

The Septembers rally finally found some resistance. Where? At the 38.2% fib retrace of the move down on from 1.3940 to 1.2042. Because the market has memory I will look on the chart back in time to see if this price level (1.3150 - 38.2 fib) has some major importance.

First of all we should answer the question what is the trend now on a daily chart? Is it an uptrend or the change of trend still needs to be confirmed?

The uptrend scenario:…

EURUSD

Since the Euro ended last week with a false break, over the last two days the regional currency formed an inside bar, while today posting a combo pin bar.  What I find interesting about these two is how the…

Silver

As the snoozefest continues with investors pulling out prior to the Jackson Hole meeting this Friday, breakouts are an endangered species till then while small ranges are dominating.  Tis no surprise that an daily inside bar formed on almost everything, but the one that is more notable is the one on…

Just to watch and be aware of it ..

I think that further written analysis is out of place .. the pic is enough :P

Regards

Looking at the chart above we are doing our top down analysis to find a trade on the 4 hour time frame. Therefore we start with this daily time frame to get the market sentiment. The things that we will take notice is:

1. Price vs Kumo:

Price is inside the Kumo…

After big moves as the Friday's was one of this two things usually happen:

• pullback or
• consolidation

As I see EU is now in down channel consolidation mode. Aggressive traders could play the ping pong between the two trend lines or wait for a break in either direction. The most conservative play is to wait to some pullback.

The down channel looks like this:…

Sometimes I wonder why, but the wondering goes quick away as I really don't want to understand all the fundamentals that drive the price up and down. I like to keep it technical although I know that fundamentals move the price. If you ask me, Euro is overrated :P

I really like to give you a link to a nice post from piphut…

I'm back again. Hope you missed my analysis, at least a little ;) Let's get back to business. I'll start with a daily chart:

As we can see the pair is trading in an up channel on daily/4h charts. Today we had a bounce from the bottom of the channel and despite a quite slow day there was three opportunity to get long (one aggressive and two moderate). I'll speak of…

Will be short. Until break out of the pennant I don't expect any real action. The head and shoulder formation was invalidated as we never reached the neckline on 1h chart. As the price broke the bolder blue trend line for the second time I prefer to sell, but as you may know the pennant after an uptrend usually means continuation.

Here's the chart (pennant within thin blue lines):…

From the daily chart perspective the pair is in a potential reversal zone. The black trend line is holding for now. If we see a bearish engulfing on a daily chart today, the next week could be very bearish.

The previous analysis is still…

On Friday EurUsd dipped after S&P downgrades 9 Eurozone countries including France. Friday's high to low was a nice 250+ pips free fall (not even one bullish 1h candle - 8 hours!). My analysis was almost correct.…

Another good day of trading. Booked +34 pips in 3 winner trades and 1 loosing. That's the 6th profitable day in a row .. wehaaa  a new record ;)

The 1.2700 level held perfectly. Once in the Asian session and then again in the early London session. The biggest 1h bull candle is because of poor US data released in early NY session.

Let's get back to technical analysis. I'm thinking now where to start .. an a daily, 4h or 1h chart .. ?!?! It's always better to have a…

The space between the daily falling purple line and the 4h raising brown line is shrinking. If not today then tomorrow a break on any direction must occur. I prefer a downside break.

I’m short from 1.3079 and targeting the brown 4h trend line and maybe lower on a break. Next target could be @1.3025 with some minor support on the way.…

The Eur/Usd has been kicking out lower high's and higher lows left and right lately, and the bull bear zones getting closer and closer together, clueing us into an eventual breakout move.  In this video I show why we took a long on the Eur/Usd today with a rather small stop loss playing off a very identifiable 4hour higher low shooting for a minimum of roughly 50 pips, to an undefined maximum if we broke the 14520 zone.  After surviving by 3-4 pips what first seemed to be a lower high after…

Hi everyone, eurusd recently broke the trap on the hourly chart and continue its race to the 1,44 daily fib level and hourly doble top resistance. The daily chart shows a nice price action continuation if eurusd rise up to 1.44-1.45 and turn around almost to 1.35 on the long run. Also see the 55 daily moving average that its holding price at 1.4260.

EURUSD DAILY CHART…