This is interesting. I see both GOLD and Aussie dollar losing momentum now. What’s next?
Gold
GOLD vs Dollar
It is a brand new year. Shrugging off the dust, let’s start the engine again. I would like to have a long term view of currencies pairs and commodities movement before go into details of my trade preparation. Gold caught my eyes. I see something beautiful in the weekly chart. What do you think? Are […]
Another look at Aussie dollar…uhm..is it time now?
It has been a painful journey for Aussie bulls. Weaker commodities, strong dollar ..whatever, you’ve read it on the papers. I have been following it all this time. Here are some observations. Is Dollar hitting resistance now? Are Aussie and Gold reaching support now? uhm… What do ya think? Here are the ….CHARTS! Dollar Index […]
Worries in Aussie?
Is Australia heading to recession? Some said next 3 months are crucial… Think of it like this: we are in a car that has been braking sharply as a result of higher interest rates, higher petrol prices, diminishing household wealth and fear of what might lie ahead. Now the car has slowed sharply, the question […]
Is it time now?uhm…AUDUSD
Ok, first rule, I am only looking at the Long side of Aussie dollar (AUDUSD) and GOLD. Are we going to have rate cut in the coming month? Nah, I don’t think so. In fact, I have no idea what on earth is the new government doing now. Whatever… Anyway, for trading purposes, I feel […]
Sunday chart scanning summary
I did not have a chance to trade for the past week. My day job is getting ridiculously busy. Most of time, I miss out Asian, London session totally. Well, it happens sometime. Next Saturday, I will be flying to Malaysia for a 2-week vacation. I need to recharge myself. I do not have any […]
