Weekly Commentary: 18th Aug 2013

Previous weekly commentary: Commentary on 11th August 2013 Hi Readers, The USD index was a little fiddly this week but this wasn’t too surprising after a few weeks of bear run. The bulls looks like they want to come back but the war seems to be in equal sides at the moment. Looking at price…

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Weekly Commentary: 11th Aug 2013

Previous weekly commentary: Commentary on 4th August 2013 Hi Readers, The USD index continued to moved south from the start of the week with a one sided bias closing the week slightly above $81. The real question is, are the bears back here for the longer term? Well, the test of the next support level (~$80.70)…

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Weekly Commentary: 21th July 2013

Previous weekly commentary: Commentary on 14th July 2013 Hi Readers, The USD index moved slightly south this week which is part of the correction which started last week. Looking at price action at the moment, it looks like price will continue lower. The start of the week will be important to show if the bears…

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Weekly Commentary: 14th July 2013

Previous weekly commentary: Commentary on 7th July Hi Readers, The USD index barely notched north since the close of the last week. Instead, you can see some strong bears that come in since Wednesday. My expectation is for price to continue long in the longer term. However, this might be the correction that I have…

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Weekly Commentary: 7th July 2013

Previous weekly commentary: Commentary on 30th June 2013 Hi Readers, As mentioned last week, I was expecting the USD index to hit the next level of resistance, and it did. On Friday, price closed at $84.70. With that, my longer term bias for the USD is bullish. I would expect price to correct itself at…

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Weekly Commentary: 30th June 2013

Previous weekly commentary: Commentary on 23rd June 2013 Hi Readers, In line with last week’s commentary, USD Index continues north and closes the week at $83.40. My bullish view remains the same and I expect price to test the next resistance level around $84. The following is my watch list for the week: EURUSD –…

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Weekly Commentary: 23rd June 2013

Previous weekly commentary: Commentary on 16th June Hi Readers, USD Index made the correction move as expected and closes the week back at $82.60. You never know what will happen but the thing that really interests me now is Price Action. Price has been bullish; in fact, it is more bullish than I expected. Looking…

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Weekly Commentary: 16th June 2013

Previous weekly commentary: Commentary on 9th June 2013 Hi Readers, USD Index continued its journey south with strong conviction, showings signs that the bears are back. The week closed at 80.80, breaking the support level around $81.40 (mentioned last week). Looking at price right now, my bias is short but I’m also aware that price might…

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Weekly Commentary: 9th June 2013

Previous weekly commentary: Commentary on 2nd June 2013 Hi Readers, As mentioned last week, USD Index fell heavily and closed the week around $81.70. Price hit a support level around $81.40 before it close a little higher on Friday. With the support level – which was also a resistance in Nov 2012 – being tested…

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Weekly Commentary: 2nd June 2013

Previous weekly commentary: Commentary on 26th May 2013 Hi Readers, USD Index broke out of consolidation and it is looking to continue south in the near term. Price looks like it is in correction mode as it has been in a healthy uptrend since early March. With Non-Farm Payroll this coming Friday, I look forward…

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