Summer is over. Lets check long term TFs

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week summary

Summer is over. Lets check long term TFs

September 03, 2017 at 7:55 pm by simon

Yep. It is that time of a year – end of summer (unless you live down there 😉 ). Why is this important in trading? Summer is usually a lazy period with lower volatility. Especially end of the summer is always boring and in my opinion, it is the

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week summary

Look at GBP pairs

June 11, 2017 at 4:22 pm by simon

2017-06-11_gbpchf-weekly

After brilliant move from Theresa May there was some strong moves on pound. Let’s have a look at GBP pairs and check the current situation. EUR/GBP We should look here at higher time frame. This pair is in wide range move. After the news about results we saw here

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week summary

Week 6/2016 Summary

February 13, 2016 at 7:38 pm by simon

As always, let’s check what was going on during last week. GBP/JPY went down really hard. Support at 164.5 did not hold and the price went down. It stopped at 161.8% extension, which was rather easy to spot from 1h or 4h charts. Below 4-hour chart: Anyway, thanks to

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forex/week summary

Week 5/2016 Summary

January 30, 2016 at 5:23 pm by simon

We will remember this week because of Bank of Japan rate decision to lower rates to -0.1%. Thanks to that we saw a strong reaction on yen pairs. I managed to catch that move because I was watching closely a bounce from 164 level. Later, on 4-hour chart, I

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forex/week summary

Week 4/2016 Summary

January 23, 2016 at 5:55 pm by simon

Another interesting week behind us, with a twist at the end. Eur/usd did not give good trade opportunities. It was flat most of the time. It failed to even try to break above the cloud and 1.10 level on a daily chart which I was writing about in last

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forex/week summary

Week 3/2016 summary

January 15, 2016 at 11:07 pm by simon

After this interesting week, lets check the current situation. Eur/usd is bullish lately. For now it is fighting with resistance at 1.10 (and the cloud) which can be see on daily chart (it is where 0 Fibo line): If eur/usd will brake above 1.10, then it is possible that

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2015-10-24_1hour-eurusd

It was a week with strong moves on major pairs (move down from top almost 400 pips on eur/usd). All thanks to the ECB’s President, Mario Draghi, who said that the Central Bank is willing to review the amount of money designated to bond purchases. And euro tanked hard.

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forex/week summary

Nice moves and some suprises

August 01, 2015 at 2:45 pm by simon

It was a very good and interesting trading week. First, we saw some nice trending moves and some rapid moves on Friday. Lets check charts. I wrote about usd/chf earlier, we saw then a move back to the 61.8% retracement line. Pay attention to the green trend line. Usd/chf,

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