Weekly Commentary: 6th Apr 2014

Previous weekly commentary: Commentary on 30th Mar 2014 The USD Index closed higher this week, not too surprised based on what I’ve mentioned last week. As price continues to move higher, I will be watching closely as soon as price starts to approach the $81.50 mark. Until then, I will continue to be bullish on…

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Weekly Commentary: 23rd Mar 2014

Previous weekly commentary: Commentary on 16th Mar 2014 After a few weeks of waiting, the USD Index decided to move north instead. The week closed at $80.30 forming a nice weekly engulfing bar. Is this the start of a bullish run? No idea. While my short term bias is bullish, my next resistance level is around…

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Weekly Commentary: 16th Mar 2014

Previous weekly commentary: Commentary on 9th Mar 2014 The USD Index closed at $79.50 which is another slow but downward crawl. In line with my commentary in the last 2 weeks, more confirmation is required around the major support level ~ $79. Will we get it this week? Who knows… The following is my watch list…

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Weekly Commentary: 2nd Mar 2014

Previous weekly commentary: Commentary on 23rd Feb 2014 Hello Traders, The USD Index made a new low and it was pretty much an expected move looking at Price Action for the last few weeks. As price closed at $79.81, the next major support level is around $79. If price goes below that with conviction, that’s…

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Euro & Cable Breaking Soon?

(Click on image for larger view) Hi All, Just a quick update, since the start of the new year, the market has been moving sideways for awhile. Interestingly, this is pretty obvious on the EURUSD and GBPUSD dual. As shown above, the EURUSD looks like it is forming an ascending triangle. As mentioned on 19th…

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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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EURUSD – The Bigger Picture of Euro

(Click on image for larger view) Hi All, This is just a quick update on the EURUSD. Looking at the weekly chart above, price is about to or currently testing 2 interesting Resistance. The high of 25th Oct – if price breaks above the high, it would have made a higher high and that is…

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Weekly Commentary: 8th Dec 2013

Previous weekly commentary: Commentary on 1st Dec 2013 Hello Traders, As expected from last week’s update, the USD index closed lower this week at around $80.30. With such price action, this should give me comfort that the next target will be around $79. Price action has now set some direction for me and with December…

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Weekly Commentary: 1st Dec 2013

Previous weekly commentary: Commentary on 24th Nov 2013 Hello Traders, The USD index closed very slightly lower this week – it was another quiet market. Nonetheless, the high test bar on the weekly chart shows more indication that price looks like it’ll move even lower. With the non-farm results coming up this week, I look…

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