We have a better than expected unemployment rate in Australia. However, I am not sure if I should be so bullish about AUDUSD. Have a look at daily and 4-hour charts, we have some pretty heavy barriers in front of us now. I am considering going in with some small short positions later.
What do you think? (click to view full chart)
We had a nice sell off at the resistance level. Now, things are getting more interesting. EURJPY has fallen back to previous support area. Let’s see if we can catch some bounces here.
What do you think?
Here is the 4-hr chart.
Here is the chart I am watching closely. Is it going to break down soon? What do you think? Anyway, beware of a series of SNB announcements scheduled this week.
Good day from Jakarta, Indonesia. After stuffing myself with all the delicious Indonesian food over the extended weekend (I did not trade last week due to traveling and NFP etc, to be exact) I am back to the business – Trading.
In my notes, I am looking at the short side of AUD, both AUDUSD and AUDJPY. While I am still working on the entry, the general direction is to the downside. In general, I have a bullish view towards USD, and bearish towards commodities currency for now.
Still adjusting myself to the different trading environment, weather, and time zone. So far so good.
Just a quick update about this week. Since the week will be filled with interest rate announcements and Non Farm Payroll, market tends to be a little bit funky. And I am travelling to Jakarta, Indonesia this Thursday, so, I reckon, the best choice for me is to take the week off and start fresh next week.
So what am I up to this week? Running some errands, busy packing, making plans,setting up my laptop to make sure I have complete set of tool to trade while away from home, backing up and encypting data and hard drives etc. In addition, I am filling up my Kindle with books to carry along. Man, I love my Kindle. I have been reading more and faster, and I am enjoying reading.
I hope to set up broadband connection in Jakarta as soon as possible after I arrive there, it should be fun and challenging for the coming months.
Here is the chart I am watching closely. EURGBP is due for breakout. Which way do you reckon?
