Mihai_Iacob

Mihai_Iacob

The final quarter of 2024 was particularly challenging for the NZD, with the currency declining by 800 pips from its peak to its lowest point. More significantly, this drop represents a devaluation of over 12%, which is substantial for a major currency pair. As 2025 begins, however, OANDA:NZDUSD has entered a consolidation phase, holding above the critical...

Mihai_Iacob

Yesterday, something truly bizarre happened in the world of crypto. Donald Trump—yes, that Donald Trump—launched his very own cryptocurrency, TrumpCoin ($TRUMP). At first, like everyone else, I thought his account had been hacked. I mean, launching a meme coin just days before his presidential inauguration? Come on... But nope, it’s 100% real. Verified....

Mihai_Iacob

In the crypto world, Michael Saylor is a household name. The co-founder of MicroStrategy has become one of Bitcoin’s most vocal advocates, with his company accumulating a massive Bitcoin treasury. Many view his purchases as a signal of confidence, believing that if someone with his track record is buying, it must be the right move. But is it wise to follow his...

Mihai_Iacob

Trading is a journey, one filled with highs, lows, and a constant drive to improve. Recently, I came across an idea on Podcast that truly resonated with me: the concept of luck versus repeatability. This distinction is critical—it’s the difference between chasing short-term gains that may never happen again and developing a strategy that can deliver consistent...

Mihai_Iacob Updated 

In my post yesterday, I mentioned that gold could extend its upward movement and reach the important 2720 resistance zone (clearly highlighted in the chart I shared). As expected, the price climbed to that level and, as is typical, began a correction. In my view, this pullback should be seen as a buying opportunity for bulls looking to rejoin the upward...

Mihai_Iacob

After reaching an all-time high in mid-December last year, the NAS100 began a correction characterized by choppy price action. This Monday, the index formed a local low, aligning closely with the previous all-time high. Since then, NAS100 has rebounded strongly. Currently, the index is testing the falling trendline originating from the mid-December high. A...

Mihai_Iacob Updated 

In my previous analysis on OANDA:XAGUSD , I noted that the lack of bearish continuation following the break below the 30 level suggested a high likelihood of a false breakout. I anticipated that the price would most likely reverse to the upside, and this scenario has played out as expected. After breaking back above the 30 level and successfully retesting it,...

Mihai_Iacob Updated 

In my post yesterday, I mentioned that gold could test levels above 2700. True to expectations, the price rose steadily throughout the day, briefly spiking just above this critical 2700 level overnight. After a short-lived correction, the price has returned to the 2700 zone. My outlook remains bullish as long as the 2660 support zone holds strong. For now, buying...

Mihai_Iacob

The last quarter of 2024 was exceptionally bullish for the DXY, with the price climbing from 100 to a peak around 109—a substantial 9% increase in a relatively short period. The bullish momentum has continued into the start of 2025. However, since late December, the price action has become more overlapping, which could indicate the potential for a reversal. At...

Mihai_Iacob Updated 

Last week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance. The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible. The 1.2070 level serves as key technical support,...

Mihai_Iacob Updated 

In my analysis yesterday, I mentioned that gold could potentially drop towards the 2600 level. Initially, the day unfolded as expected, with the price declining as anticipated. However, the trend quickly reversed, leading me to close my trade early this morning with a modest profit of 50 pips. Looking ahead, the charts reveal an interesting pattern: dips in the...

Mihai_Iacob

Last week was a particularly choppy one for gold. While the 2680 target was reached and even exceeded, with a peak near the critical 2700 level, trading conditions were difficult due to sharp and unpredictable price movements in both directions. Yesterday, the price dropped significantly, forming a clear bearish engulfing pattern on the daily chart. When combined...

Mihai_Iacob Updated 

Yesterday was a pretty volatile day for gold, with the price briefly dropping to 2615. However, bulls quickly regained control, pushing the price back above the 2635–2640 support zone and establishing a higher low in the broader trend. Currently, the price is stable above this key support level and is challenging interim resistance at 2650. A successful break...

Mihai_Iacob Updated 

In my previous OANDA:XAGUSD analysis, I mentioned that the price appeared to be forming a head-and-shoulders pattern, with confirmation if the price broke below the 30 level. Indeed, just before Christmas, the price dropped below this critical milestone and reached a low near the 28.70 zone. However, instead of continuing toward the technical 28 support...

Mihai_Iacob Updated 

OANDA:XAUUSD began the year on a positive note. After testing the 2600 support level several times before the New Year, the price rose and reached a high of 2666 on Friday. Currently, the price is undergoing a normal correction following the 600-pip rally and, at the time of writing, XAU/USD is testing support around 2635. To sustain its bullish momentum, the...

Mihai_Iacob Updated 

Now that 2024 has concluded, EUR/USD has ended the year at its lowest point, marking a 7% decline from January and a 9% drop from its summer peak. Most notably, the pair fell 6% since November—a significant move for such a typically stable currency pair, highlighting strong bearish momentum. Technical Analysis On the daily chart, the EUR/USD has shown a...

Mihai_Iacob Updated 

On October 1st, EUR/NZD reached a local low at the psychological level of 1.75, followed by a reversal that lasted until November 1st, gaining nearly 1300 pips. A normal correction then occurred, and from mid-November, the pair started consolidating between the 1.78 and 1.80 levels. December brought a breakout above the key 1.80 level, and since then, EUR/NZD...

Mihai_Iacob

Before Christmas, OANDA:XAUUSD established strong support around the 2610 level, maintaining this position even during the low-volume trading days typical of the holiday season. Currently, the price is edging higher, approaching the key resistance zone of 2645–2650. A decisive breakout above this zone could lead to further gains, potentially allowing gold to...