I am still holding my long positions of Aussie pairs. Looking at the chart , we are approaching resistance area which is the combination of previous high and 50-day moving average. Aussie dollar managed to close above 200-day moving average most of the week. Well, I am still stubborn. Long Aussie at the moment.  Have […]

I would say that these trades are discretionary. Maybe you can say I am bottom fishing, but I have no idea about where is the bottom. I am just being bullish about Aussie dollar at the moment. I am currently long AUDUSD, USDSGD, USDJPY, AUDJPY. I opened these positions since starting of Asian session yesterday. […]

SINGAPORE (Thomson Financial) – The Monetary Authority of Singapore (MAS) said domestic inflationary pressures remain well-contained and do not require a change in its monetary policy. ‘Abstracting from the one-off effects of the goods and services tax (GST) hike (from 5 percent to 7 percent), underlying inflationary pressures remain generally well-contained for the current advanced […]

Winter doesn’t seem to be over yet for Aussie dollar. It takes another week or so to see if a higher low can be formed and resume it’s uptrend. It just failed to close above 200-day moving average, while weekly, it is stuck between the zone 20-week and 50-week average. I am not turning bearish […]

Not a great day for me. Extremely busy working day and my profitable long position of Aussie and short position of loonies are stopped out. Oh well, if only I can monitor the position closer, I would have a better exit. I am flat or maybe slightly down for the week.