Forex trader, Market Analyst
Contributor's Links: GetKnowTrading

Frano Grgić is a Forex trader for over 10 years and he shares his experience and the knowledge about trading.

Like many Forex traders, Frano has earned the significant share of his knowledge the hard way by practicing and learning on errors. Technical trading and trading psychology ... more


Intraday Analysis For EURUSD - Wednesday, Sept. 9
If nothing changes on the market, like news with bad news for EUR or news too good for USD, we could see the price moving down.
Intraday Analysis For EURUSD, Saturday, September 05
I am bearish oriented on this pair until the price closes above $1.19000 which is an important level for buyers.
Intraday Analysis For EURUSD - Friday, September 4
Yesterday was a trading day hard for EURUSD to reach the first support easily compared to the previous days when the price had huge bearish candles that took the price down.
Intraday Analysis For EURUSD - Thursday, September 3
The first support is $1.18398 which is a support confluence. At this level, we have an uptrend support line that crosses the horizontal support line.
Intraday Analysis For EURUSD, Wednesday, September 2
We had a nice push to the $1.2000 level when the price reversed down almost 100 pips. After the break above the $1.19000 level we had a bullish Pinbar that took the price to the first resistance level at $1.19435.
EURUSD Back In The Range Area. $1.17000 Is The Target
The EURUSD price has returned back in the range area. Break above $1.19000 and daily close was not enough to hold the price above which means bulls have lost the strength.


Latest Comments
EUR/USD Weekly Forecast April 27– May 1
4 months ago

I have heard about some people drinking disinfection fluid after he discussed with doctor the virus topic. That is not good thing to do. Public people should know about their presence on TV that their words could affect many people watching them.

In this article: FXE, UUP
EUR/USD Daily Outlook – Tuesday, April 28
4 months ago

Pinbar is a candle formation that looks like on the chart above next to word "Pinbar".

It has long wick(or shadow) on one side and small wick(or shadow) on other side.

Where is smaller wick on that side you have small body.

Body represents the area between open and close price of the observed time frame. In case on the image above that is in 4 hour time frame.

On the side where is long wick like on the bullish Pinbar, you can interpret market condition like this:

Many sellers have exit from their trade to take profit out. Simultaneously buyers have enter into the trade and pushed the price up.

But, as there are many sellers they did not allow price to close to high which make a small body.

The 4 hour time frame ended with candle that represents that buyers were very strong and the price could move up.

It represents a possible reverse in market trend what happened and the price was pushed back.

I hope this helps to understand market candle price action formation. If it is unclear just ask.

In this article: FXE, UUP
EUR/USD Weekly Forecast April 27– May 1
4 months ago

I think market has included Trump's behaviour and reaction on pandemic. Whatever he says and is not directly connected to industry and economic there will be no big reaction.

We could see larger bounce from the weekly support line because it is really strong level.

In this article: FXE, UUP
Did Oil Just Give Us A Once In A Lifetime Opportunity?
5 months ago

War never was a good thing so I hope it will not come.

What do you think about food production based on the oil situation because lack of food is even greater problem?

In this article: GLD, SPY, USO
EUR/USD Weekly Forex Forecast For April 20 – 24, 2020
5 months ago

The charts have similar look because the analysis is done with same tools.

View on the market and making analysis is different from trader to trader.

There are basic rules and tools to make basic ground for further analysis so that is something you see all the time.

With proper guide you can learn those basics.

Learning how to read the market and making prediction about market direction requires experience aligned with knowledge. And that takes time and skills.

Do not think that it is impossible to learn that - no, it is possible.

In this article: FXE, UUP
EUR/USD Weekly Forex Forecast For April 20 – 24, 2020
5 months ago

Hi Alexis Renault,

I have tried to simplify charts as much is possible with comments.

A beginner's crash course is not available yet but I will plan to make one. Stay tuned and follow where I will make some course to help everyone who wants to read and understood charts.

In this article: FXE, UUP
GBP/USD Forecast April 13-17 – Pound Calm Despite Economic Turmoil In U.K.
5 months ago

First level reached as planned.

In this article: FXB
Best Time To Day Trade The EUR/USD Forex Pair
5 months ago

Currency Trader

Thank you for the comment. I will give my best.

GBP/USD Forecast April 13-17 – Pound Calm Despite Economic Turmoil In U.K.
5 months ago

Thanks for sharing this review.

It could go up to the 1.2615 as a first step and later on to the 1.2728 level as a previous support.

I am watching this pair this week :).

In this article: FXB
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Latest Posts
EURUSD – Back In The Wedge
EURUSD is back in the wedge pattern. Bears have managed to push the price back.

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