Nothing shows up during my weekend chart screening. I decided to have a look at Dollar index(NYBOT:DX) to get a feel of over all trend direction. I am looking at the possible move into the zone of 82~83 before downtrend resumes. In other words, I might be looking at a stronger dollar for the coming […]
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 […]
We had some good runs in most of dollar pairs. I closed all my long dollar positions today. There were two new signals today to long USDCAD, and short NZDJPY. I left them out. Right now, dollar’s appreciation seems to be over extended, to me. Well, I am talking about short term. As much as […]
I read “Dollar gains as recession slashes trade deficit”. Fine. But, stronger dollar does not help export either.So,what does this trade deficit mean to you? Nothing much, I guess.
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 […]
Chart brought to you by Market Club. We have a series of economic reports lining up next week. And majority of them are dollar negative. This should be an interesting week, and it might be a week with trading opportunities. Looking at the U.S $ Index, well, one might say we are waiting for a […]