EURUSD overview

It seems that EURUSD is forming deep flat on daily chart. I presume EURUSD did pullback and price is stopped close to one of the support levels within the flat. I would like to believe that price is going to breakeven the support level S1 and later is going to test level S2. If that happens price may check the level S3. However price can bounce of level S1 and retest resistance level R1. Overall in such a big flat in my opinion price have more chances for SHORTS than for LONG (pullback at this point is as SHORT confirmation).

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

GBPUSD overview

Be careful of GBP Bank of England Rate Decision (JUL 14) Jul 14, 2:00 pm +03:00. Chart below is only technical view.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

Profitable forex trading

Started an new account in order to test the same strategy which i have been improving over the last two years. Did testing and improved my strategy. Seems that results are getting better and better. Starting deposit was 300 euros, made profit of 208% in four months. Nice! However drawdown still has to be improved. Love forex because forex trader can be successful if he loves what he is doing and working hard no matter what. 

GBP/USD overview

Before you take seriuosly my chart below we have to review news for today:

GBP Total Trade Balance (Pounds) (MAY) 

USD Unemployment Rate (JUN)

USD Change in Non-farm Payrolls (JUN)

There is a big chance that TTB will be decreased so it means that GBP may be weaker for today after the news. Therefore US will have Non farm news and of course that will effect currencies today. Global forecast for unemployment rate is that this indicator will be lower than previuos period.

Take care everybody and have an great day! Don forget today is Friday! 

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EURUSD 1D overview

This analysis is based only on technical aspects.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EUR/USD overview on daily chart (only technicals)

I would like to share only technical view of EUR/USD. I do not speak about fundamental criterias. Brexit has big impact to EU economics so technically speaking technical analysis may be currently misleading.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.