Month: April 2013

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AUDUSD 30.04.2013 Trade Result

AUDUSD 30.04.2013 Trade Result

Below is the result of the hourly trade which happened today. In my earlier post on the outlook of AUDUSD this morning, I said that : Showcard candles would have to show at the current level for reversal and target at 1.0327 or if the price close strongly above 1.0369, the next resistance would be…

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AUDUSD 30.04.2013 Outlook

AUDUSD 30.04.2013 Outlook

The AUDUSD has been stuck in 1.0166 – 1.0565 box for 8 months. Whenever price hits 1.0565, it was heavily sold. The same can be said when price hit 1.0166 where price is being bought up. At writing price is again testing the middle resistance of 1.0369. I would be looking for signs which would…

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Why the sudden drop in gold.

The Central Bank of USA aka the Federal Reserve aka the FED had about 6720 tons of gold in their vault. This amount of gold is the combination of gold reserve of United States and also for other countries. Since the Gold was basically collecting dust, the FED decide to lease the gold to the…

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Gold 09.04.2013 Update

Gold 09.04.2013 Update

An update on the Gold was made yesterday Monday 8.4.2013 about the Gold. However the post was not posted due to server failure.I have re posted my views again here with the caption of Monday’s chart: The attached picture is a typical rinse and wash pattern where traders with stops below the low of February…

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SPY 01.04.2013 Update

SPY 01.04.2013 Update

The SPY continued its rally after breaking above the 153.18 – 157.50 box.  Currently price is lodged nicely in the box and I would trade the SPY when price goes near either to the support of 153.18 or the resistance of 157.50. If price manages to close strongly above 157.50, then I would continue to…

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EURUSD Weekly Update 01.04.2013

EURUSD Weekly Update 01.04.2013

EURUSD This would certainly be an exciting week with ECB interest rates coming up on Thursday and Non Farm Payroll on Friday. Cyprus has managed to work out an agreement with the European Union This is caption from Reuters. “The president of Cyprus said on Friday the risk of bankruptcy had been contained and the…

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