Weekly Commentary: 30th Mar 2014

Previous weekly commentary: Commentary on 23rd Mar 2014 The USD Index closed the week at $80.30 again and this time forming a weekly low test. While the low test don’t mean much on its own, it does give a slightly bullish bias indicating that the bulls are still in control after the engulfing bar from…

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Weekly Commentary: 9th Mar 2014

Previous weekly commentary: Commentary on Hello Traders, The USD Index closed at $79.71 which is near the close from previous week. In line with my commentary last week, I’m looking to see some Price Action against the next major support level is around $79. If price goes below that with conviction, that’s also a signal…

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Weekly Commentary: 23rd Feb 2014

Previous weekly commentary: Commentary on 16th Feb Hello Traders, The USD Index predominantly only moved side ways last week. In fact, it made a small retracement and it looks like it’s about to drop further. Will it drop in the coming week? Who knows? In fact, I’m going to sit aside until I see some…

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Weekly Commentary: 2nd Feb 2014

Previous weekly commentary: Commentary on 26th Jan 2014 Hello Traders, Looking at the USD index now, I’m starting to like what I see. While there seems to be a short term resistance around $81.50, price has been making higher lows – this started since end of October, followed by a higher low in mid December…

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Weekly Commentary: 26th Jan 2014

Previous weekly commentary: Commentary on 19th Jan 2014 Hello Traders, The USD index is a bit of a mess at the moment. I did not get the $81.50 break that I wanted and, since that not happen, I can only conclude that we’re going through some choppy weather. I’ll be watching with care. The following…

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Weekly Commentary: 19th Jan 2014

Previous weekly commentary: Commentary on 12th Jan 2014 Hello Traders, The USD index closed the week at $81.30. As mentioned last week, I need a break above $81.50 for more confirmation of direction. Meanwhile, signs of the USD strengthening are slowing appearing but a break is a break and that will give me clarity. The…

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Weekly Commentary: 5th Jan 2014

Hello Traders, Wishing you a Happy New Year. This is my first market commentary for the year and let’s work towards finding more profitable trades in 2014. Let’s start the commentary with the USD index. This week, price showed signs of bullish continuation after the weekly engulfing bar at the end of Oct 2013. Price…

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Weekly Commentary: 15th Dec 2013

Previous weekly commentary: Commentary on 8th Dec 2013 Hello Traders, The weekly bar on the USD index formed a low test pin bar with the weekly closing near the open. Does this mean that it’s going to start moving long again? Or is this just a short term correction? A bit of uncertainty at the moment…

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Weekly Commentary: 10th Nov 2013

Previous weekly commentary: Commentary on 3rd Nov 2013 Hello Traders, The USD index closed the week at around $81.30. As mentioned last week, there was a strong weekly engulfing bar and price continued further north this week. My immediate target is around $82.70 but it could potentially reach $84.80 if price moves higher. The following is…

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Weekly Commentary: 20th Oct 2013

Previous weekly commentary: Commentary on 13th October 2013 Hello Traders, The USD index closed lower this week at around $79.70. In fact, the weekly bar made a new low. The bullish run I mentioned last week did not materialise and I expect to see even more bears from here. Nonetheless, I still feel that a…

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