After briefly approached 0.71 vicinity, AUDUSD pulls back to 0.69 area. Is that a pull back, or we are again heading back to southern hemisphere? I have no idea. My take is , we have a chance to stay above 0.68 and looking at 0.72-ish level as next target. Play with care, that’s the plan. This […]
FX
Time for some OIL — in breakout mode
I am not trading on Friday, so I thought to have a look at some charts. After watching Adam’s video from market club, I had a look at oil. I see oil coming. It is in the trading range, and with the sell off of USD , momentum is building up, chances are, we will […]
Is it time now? AUDUSD….
I am always looking at AUDUSD. Partly because I need to manage my USD exposure in my trading account. Anyway, I see AUDUSD trading in a tight range and potentially moving to 0.68-ish level. I am watching. On the other hand, I do not ignore the possibility of breaking down, and back to 0.63…AGAIN. Here […]
One Euro Trade : Long EURUSD
As mentioned in my Twitter, I was looking at Long Euro and short Cable. GBPUSD went without me. I managed to Long entry of EURUSD. Around +70 pips. It might go up further, but, who cares, profit target was taken. Here is the …. CHART. (Click to view full image)
Weekly Wrap up
I was thinking of posting some analysis, some charts here. I gave up the idea. There are blogs out there writing much better analysis than I do. Anyway, looking at the weekly chart, I would not think it is a good idea to continue shorting EURUSD. Well…I am not talking about day trading. You got […]
When Aussie is below 0.63 cents again…
I am actually looking for long signal. Yes, I am waiting to go long. We are waiting to see how does RBA react now. Do they still think that the stimulus package is going to do any good? Well , it is understandable why were they so confident about the stimulus package. During the Asian […]
