I exited my AUDUSD long position earlier today with small loss. The entry was too early. However, I am still looking to build long positions of AUD, NZD and CAD (by Short USDCAD). Let’s see how this strategy works out. Basically, my approach is to test the market, if it does not work out, I run, […]
This is interesting. I see both GOLD and Aussie dollar losing momentum now. What’s next?
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 […]
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 […]
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 […]