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: 20th Jan 2013

Previous commentary: Commentary on 13th Jan 2013 Hi Readers, The USD index made a turn around and started heading north at the start of the week. I have a very slight long bias because of the new higher low (bar on 14/1) and higher high (bar on 4/1). Irrespective of that bias, the index has definitely…

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GBPUSD: Cable Looks Set To Spring Out from Triangle

Hi All, (Click on image for larger view) Just a quick update on Cable. Unfortunately, price hasn’t been too exciting since my commentary on the 23th Dec. However, this pair has been consolidating for awhile now and the longer it consolidates, the likelihood of a stronger break out continues to increase. 1.63 is a decent Resistance…

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Weekly Trade Commentary: 23th Dec 2012

Previous commentary: Commentary on 16th Dec 2012 Hi Readers, Just a very short and quick review of what I’m watching this coming week. The USD index made a new low this week which bounced off a decent support level around $79. Price is currently pulling back, this could potentially be a retracement or even a reversal. The…

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Weekly Trade Commentary: 2nd Dec 2012

Related article: Commentary: 25th Nov 2012 Hi Readers, The USD index closed the week at around 80.2 (again). As mentioned in last week’s commentary, this is a pretty strong level. Buyers and sellers are in equilibrium and, as evident, most majors and minors pairs closed the weekly bar as doji. At the moment, my short term…

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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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Weekly Trade Commentary: 11th Nov 2012

Related Article: Commentary on 4th Nov 2012 In line with my commentary last week, the US Dollar continues to strengthen after making new highs this week. While my view is long, the dollar seems slightly over extended, I’m expecting a pull back (if any) before taking any action. With that, my view is that there is EURUSD,…

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Weekly Trade Commentary: 23rd Sept 2012

Dear readers, This week, for the first time, I will start writing a high level weekly commentary of what I’m looking at for the rest of the week. The USD index looks over extended and last week, the index started a pullback which could potentially turn into a reversal. Most majors and minors seems decoupled…

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