If you really wanna know my view of Aussie now. Generally, I am still positive. But, for trading purposes, I have no position now. I intend to go long at the moment. Just waiting for the entry. Yes, I just can’t get myself to short Aussie dollar now. Without wasting too much time, here is […]

So what happen to Aussie dollar pair now? Let’s have a look. Urgh….a little bit ugly, isn’t it? We have a little small box with rather negative bias at moment. I mean, it is very likely to break out to the down side. uhm…. Here is the …….daily CHART! [photopress:AUDUSD15Dec2007Daily.JPG,full,alignleft] And let’s go into 3-hour […]

Here is another pair that caught my eyes. GBP/USD, a.k.a Cable.  I see a potential short setup appears in daily chart. Momentum is still bearish, and recent swing up might provide a shorting opportunity. Let’s see how it goes. My day job is just too demanding. I am unable to day trade at all. I […]

I am looking at loonies pair. From the daily chart, it forms a pretty nice short setup. A lower high seems to be forming. Btw, this is a Heikin Ashi chart. And recent bullish momentum of USD seems to be flat out. Maybe market is just waiting for the interest rate statement on coming Wednesday? […]

I am not trading today. It is NFP day, by the way. I decided to have a quick look at Aussie dollar pair. Though it holds pretty well at 100 day moving average, bullish momentum does not seem to be building up just yet. To my opinion , it is going to be chopping around […]

I have not been trading currency for the past two weeks. Last week, it was because of my busy day job. While this week, I am just being a chicken. :lol I am not the only one doing this. Echo to the post by Hector. I am standing away from the currency market for the […]