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: 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: 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: 24th Nov 2013

Previous weekly commentary: Commentary on 17th Nov 2013 Hello Traders, The USD index closed the week at around $80.70 – another sideway week. Nonetheless, it looks more and more like a mid term correction in the making. It price was to drop further, I would like to see it drop below $79 for a solid…

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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: 13th Oct 2013

Previous weekly commentary: Commentary on 6th October 2013 Hello Traders, The USD index closed higher this week at around 80.5. As mentioned last week, I was expecting a price pullback. Price bounce off the $80 mark and it seems to suggest a potential longer term bullish run. Unfortunately, nothing is ever certain in the financial…

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Weekly Commentary: 8th Sept 2013

Previous weekly commentary: Commentary on 1st September 2013 Hello Traders, The USD index was a rather sideways market this week. Price was slowly crawling higher but Friday results showed that the bears were still around. Based on the sharp bear trend bar on Friday, I find it slightly difficult to see who is in control…

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Weekly Commentary: 1st Sept 2013

Previous weekly commentary: Commentary on 25th August 2013 The USD index was rather slow at the start of the week but the bulls showed that they were back since the middle of the week. While it’s too early too confirm (especially with the small pin bar on Friday), the bulls look like they could stay.…

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Weekly Commentary: 25th Aug 2013

Previous weekly commentary: Commentary on 18th August 2013 Hi Readers, As mentioned last week, the USD index continued to be in choppy water. The battle continues as the bears continue to lose ground and the bulls slowly pushes the bears away. Also, looking at the technical set up, $81 is still holding well and the…

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