Weekly Commentary: 26th May 2013

Previous weekly commentary: Commentary on 19th May 2013 Hi Readers, As mentioned last week, the USD index is testing the high from July 2012. So far, price has stalled around the level with some very vague price action showing a potential reversal. In fact, they are too vague for me to even discuss it here. Patience…

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EURUSD – Can’t See The Forest For The Trees?

(Click on image for larger view) Hi All, Just a quick update on EURUSD. Looking at the charts, this pair has been moving sideways with long tailed doji bars overlapping each other (Yellow circle). That, in my view, is  just a pile of mess. Nonetheless, if you can’t see the forest for the trees, then its worth…

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Euro & Cable – Price Action Says “Stay Out”

Hi All, This is just a quick update on EURUSD and GBPUSD. (Click on image for larger view)  Price Action on the EURUSD chart above shows me a bunch of signals. However, when I take a step back, all I see is a mess. On my market update video posted on 9th April (watch video),…

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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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Video: EURUSD Shows Bullish Price Action with Higher Highs and Higher Lows

Hi All, Just a quick market update on EURUSD. My 3rd attempt to create a market video. Any feedback will be welcomed!!  

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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 Feb 2013

Previous commentary: Commentary on 17th Feb 2013 Hi Readers, The USD index broke a new high this week and closed around $81.50. Price stalled at another resistance level that was tested in mid Jun 2012 and mid Nov 2012. These 2 are fairly strong levels and I will be watching closely to see how price will unveils…

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Weekly Commentary: 17th Feb 2013

Previous commentary: Commentary on 10th Feb 2013 Hi Readers, The USD index is still crawling higher and it closed the week at $80.5. As mentioned last week, I’ll need price to move above the short term $81 resistance level before I get a strong confirmation that the bears have lost the battle. Meanwhile, I’ll see how…

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Weekly Commentary: 10th Feb 2013

Previous commentary: Commentary on 3rd Feb 2013 Hi Readers, As mentioned in my previous weekly commentary (see article), after the USD index formed a low test bar on 31st Jan, the dollar made a strong rally. After failing to break below $79, it looks like the bulls are back. Let’s see if the dollar can move…

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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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