Weekly Commentary: 14th Apr 2013

Previous weekly commentary: Commentary on 07 Apr 2013 Hi Readers, As mentioned last week, I was expecting the USD index to close lower – and it did. At the moment, it looks like there is  room for the dollar to go further lower, with the next major support level being around $81.50. Let’s see if the…

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Weekly Commentary: 7th Apr 2013

Previous weekly commentary: Commentary on 31st Mar 2013 Hi Readers, This week, although the USD index closed slightly lower, it did not move much compared to previous week. The decently high test bar on Thursday gives me indication that it is due for a bigger pull back than the one we had on 24th Mar. I…

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Weekly Commentary: 31st Mar 2013

Previous weekly commentary: Commentary on 24th Mar 2013 Hi Readers, The USD index made a short and quick pull back at the start of the week. As mentioned last week, I was looking for a test of the $81.50 level, and it did – price poked through the $81.50 level and went straight back up. Since…

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Weekly Commentary: 24th Mar 2013

Previous weekly commentary: Commentary on 17th Mar 2013 Hi Readers, The USD index has been pretty bullish since early February. Nonetheless, price seems a little over extended at the moment. On top of that, it looks like it made a double top recently (14th and 19th March) around the $83 price level. With that, my near…

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AUDUSD Looking Good in the Range

(Click on image for larger view) Hi All, Just a quick update on AUDUSD. As mentioned on 3rd March (see article), I was looking for this pair to reverse on a nice support level (Green arrows) around 1.02 before it moves back into the range market. And so it did… In fact, this pair made a…

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Weekly Commentary: 3rd Mar 2013

Previous commentary: Commentary on 24th Feb 2013 Hi Readers, The USD index continued to move higher. This is definitely a good indication of a buyers coming back. At the moment, the dollar seems a little extended. I’ll be keen to look for a pullback before going long again. The following is my watch list for the…

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AUDUSD – Looking for an Aussie Pullback

(Click on image for larger view)  Hi Readers, Just a quick update on what I’m looking at. AUDUSD broke out from a long term triangle/upward trend line and it’s been tanking. I’m currently looking to see how will price react in the next Support level around 1.02 (Green arrow). This might give the first pullback…

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Weekly Commentary: 27th Jan 2013

Previous commentary: Commentary on 20th Jan 2013 Hi Readers, The USD index is still in a range (as mentioned last week). I need a drop below 79.4 for a near-term short bias and below 79.0 for a longer term bias. A part from that, the dollar is not very clear for now. The following is my…

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Weekly Commentary: 13th Jan 2013

Previous commentary: Commentary on 6th Jan 2013 Hi Readers, As commented last week, the USD index was over exhausted and started heading south on Thursday. Price looks fairly bearish and ready to head even lower, with $79 level as the immediate target and it looks likely to go beyond that. I’m now eager to see what…

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Weekly Trade Commentary: 18th Nov 2012

Related Article: Commentary on 11th Nov 2012 Hi Readers, The USD index continues to strengthen last week. It’s pretty annoying since I’m waiting for a pullback before any decent set ups would be valid. Nonetheless, the EURUSD and GBPUSD did start to retrace slightly towards the end of the week though the there’s nothing substantial yet.…

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