harakirix's Blog
EURUSD
EURUSD has hit the bottom on january 3rd. It was all time low and dollar was testing below all time low for 4 weeks in december. Since the new year euro started to consolidate and last 3 weeks has been gaining over 400 pips. Now after new president of the United States is in office, market will be probably reacting on some new fundaments that may be happening during his political moves. So level of uncertainty is now pretty high.
GBPNZD
Last few weeks GBPNZD is moving in wide range with lower lows and lower highs. This down trended range is approximately 6 hundreds pips wide. Last week this pair was aiming to reach low value from end of year 2015 which was clearly resistance level 2,15. On last friday New Zeland dollars low was 2,1571. On longer time frames this pair is still bearish but we have seen clearly that speed and momentum is somewhat slowing down. So i would not be suprised to see some possible trend reversal soon.
GBPJPY
On the pair GBPJPY British pound has reached its 4 weeks high on monday evening when tested value 175. This resistant level has hold and Japanese yen has begun to gain. From this point yen has gained over 600 pips when on friday has tested level 169 and close the trading week above this level. Next week i would expect continueing of bearish trand although there could be still some pullbacks somewhere above 170 to 171.
EURUSD
EURUSD since the beginning of this month has gone north and euro gained almost 4 hundreds pips during this week. After today's fundanentals from American labor market which has showed positive results in unemployment rate that was announced at 4.9 % which was better result than expected. EURUSD has reacted and American dollar started to strengthen and after spike high right after announcement at 1,1246 dollar went down and two times unsuccesfuly attacking resistance level 1,11. Im expecting the …
Fed rates
So Fed today has increased the interest rates. It is a first time after many years and the speculation about this change was pretty furious. Many people thought that federal reserve will eventually keep the rates unchanged even after all that talk and signs from Fed's officials. I personally has thought rates would stay intact for now still. Anyways market was probably certain enough that rates hike will happen that we has not seen any dramatic moves right after that rate announcement. So far EU…
EURUSD
EURUSD in the morning right before London session opening EURUSD has reached its maximum at 1,1059. Last time this currency pair had such a value was in October 30th so it was one and half month high. But right after London was open euro has started losing. It has lost almost 150 pips already through out American session as well.today's low so far ended at 1,0905 and last few hours dollar is hovering still close above this support level 1,09. We could see during the following Asian session if th…
GBPAUD
After yesterdays fundanentals from labor market in Australia that has resulted in very positive figures immediately turned the direction of Australian dollar. GBPAUD after several days of upward direction when British pound had gained almost 500 pips turned back and gave up almost 200 pips back within minutes after labor market results. But that was actually it and today australin dollar has lost it all when British pound took over and began rising again. GBPAUD was attacking resistant level 2,1…
GBPNZD
Last night we have had interesting fundanentals from New Zeland. Frstly cash rate which remains not suprisingly unchanged and RBNZ press conference which have had big impact on the New Zeland currency especially on GBPNZD where it has gained over 400 pips in less than one hour. Although GBPNZD has not reached this week's low it does not mean that it could not strengthened some more but also there could be quick reversal or pullback as we had recently seen on many occasions. I would now carefuly …
EURUSD
Today EURUSD has finally reached the figure 1,1000. one week of breathing out which was quite understandable after last Thursday's huge appreciation of European currency it has started to climb up again. Right now euro is hovering closely above this strong resistance level and which was trading one month ago. Now i would not be suprised if euro is about to remain in this strengtheneing phase next couple of weeks although strong reversals or pullbacks could be happening anytime.
GBPJPY
So today GBPJPY has made another wave. It is a sixth zigzag wave in a row. The serie of this motions had started two weeks ago and since that it appeared that every next wave has become bigger and bigger. First one was about 140 pips wide, second was about 150, then 170, 200, 230 and today's wave was 250 pips wide. It was interesting sideway market motion which offered intetesting opportunities for profits. In case that this pattern will remain we could see now opportunity for long positions wit…