There would not me technical analysis without fundamental one. Of course, I like and I use price action, technical indicators etc. but I have to keep in mind the economical background and news. Better to use both in order not to lose all the money ...

technical analysis -or- fundamental analysis

The aggressive buying was observed on the NZD/USD pair yesterday. The currency has formed the 0.7295 local resistance level. I plan to look for entry points for opening long positions. I am waiting for the breakout and retest of the 0.7295 mark. The ...

Short'n'longs

My expectations regarding USD/JPY have confirmed. The yen continued to strengthen against the US currency. Trump’s immigration policy supports safe assets. I expect further growth in demand for the yen. I will sell USD/JPY, if the price fixes below ...

Short'n'longs

The USD/JPY currency pair is testing the 114.900 local resistance level at the moment. I’m going to sell it if the price fixes below 114.60. The nearest goal for taking profit is 113.85.

Short'n'longs

The technical pattern on GBP/USD is mixed now. Indicators don’t show any precise signals. The price is between 50 mA and 200 mA. The MACD histogram started to decline and moved into the negative zone. I identified the following key levels: support: ...

Short'n'longs

USD/JPY Support: 114.55, 113.85 Resistance: 115.25, 115.85 If the price fixes above 115.25, I will buy USD/JPY to 115.85. If the price fixes below 114.55, I will sell it to around 113.85.

Short'n'longs

EUR/USD. The US dollar rose against major world currencies yesterday. Very important economic data from the US will be published today. The data on the GDP of the country will be announced at 13:30 (GMT). The technical picture on the "majors" is ...

Short'n'longs

There is an upward trend on the NZD/USD currency pair. The growth of quotes exceeded 120 points since the beginning of this week. I plan to open positions in the current trend direction. So, I’ll buy it after the price fixes above the 0.7285 level. ...

Short'n'longs

The technical picture on USD/JPY is ambiguous for me at the moment. I have identified the following key levels: Support - 113.15 Resistance - 113.90 I’ll open orders after the breakout and retest of these levels. If the price fixes above 113.90, ...

Short'n'longs

The Aussie fell due to the weak data on the consumer price index In Asian trading session. I plan to open transactions towards the current trend. If the price exceeds the 0.7520 level, I will look for an entry point to open short positions. My next ...

Short'n'longs

The technical picture on EUR/USD indicates the correction development. The euro is traded near the 1.0715 support level. I’m going to sell EUR/USD if the price fixes below this mark. Potential movement - to 1.0665.

Short'n'longs

USD/JPY is trading near the 113.35-113.75 offers area at the moment. The continuation of the downward trend is expected today. I’ll sell after the breakout and retest the 113.15 level. The best level for taking profit is 112.50.

Short'n'longs

Purchases dominate on GBP/USD at the moment. The pound rose significantly against the US dollar yesterday. I’ll open positions in the current trend direction. I plan to buy GBP/USD, if the price fixes above the 1.2510 level. Potential movement - to ...

Short'n'longs

The correction is expected on the USD/CAD pair. My favorite PA pattern, the ‘Inside bar’ has formed. I will sell if the price overcomes and fixes below the 1.3255 local support. Potential movement - to 1.3185-1.3120. Maybe I’ll hold this position ...

Short'n'longs

There is buyers strength can be seen on EUR/USD. The euro has overcome and fixed above the 1.0715 key resistance level. I’ll open transactions in the current trend’s direction. I’ll buy EUR/USD after the breakout and retest of the 1.0755 mark. ...

Short'n'longs

The USD/CAD pair has reached 50.0% of the correctional area for now. I will look for the entry points into short positions today. I’ll sell after the breakout and retest of the 1.3250 mark. The next target for taking profit is 1.3180.

Short'n'longs

The inauguration of Donald Trump will be held today. Investors sell US dollars at the moment. This is due to the uncertainty in the economic reforms of the newly elected US President. AUD/USD A series of "internal bars" PA patterns has formed on the ...

Short'n'longs

The ECB will make a decision about the future of monetary policy today. That's why I won’t open any transactions on EUR/USD, but I'll wait for the decision of the Central Bank. We will see how the price reacts to the key levels. I highlighted the ...

EURUSD

The ECB will make a decision about the future of monetary policy today. So, I won’t open any transactions on EUR/USD. I plan to wait for the decision of the Central Bank and the official statements. I will watch how the price reacts to the key ...

Short'n'longs

The pound corrected significantly against the US dollar yesterday, after a great increase on Tuesday, January 17th. The currency reached 38.2% of the correctional area. I plan to buy GBP/USD after the breakout and retest of the 1.2300 mark. ...

Short'n'longs