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Ssm replied Aug 21, 2013Taken from goggle search: Bond yield reflects the borrowing cost of a particular country. Typically, if a country is not doing well, it will need to raise its bond yield higher to attract investors. In short, a higher bond yield means the currency ...
AUD/USD
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Ssm replied Aug 21, 2013Without having a candle close above .9035 level? We fell out of the channel and we are not back yet. image
AUD/USD
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Ssm replied Aug 20, 20131) Immediate resistance at round number .91 2) Also old line .9130 3) Top of channel image
AUD/USD
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Ssm replied Aug 20, 2013I had a queue to short at 1.3380 after H1 candle close, but chickened out when seeing that there is no strong follow thru.

EURUSD
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Ssm replied Aug 20, 2013Is Greece out of the woods yet? Not mentioning Portugal, Italy and Spain. Eurozone out of recession?
Seems to me like Germany is supporting the whole euro economy.EURUSD
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Ssm replied Aug 20, 2013Yes, H1 is a pin bar forming, it will be great if the pin can close below 1.3390 which is a old resistance line.
EURUSD
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Ssm replied Aug 20, 2013Going short with such a long white candle? Will wait for the next candle to see if it is a double top playout. image
EURUSD
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Ssm replied Aug 19, 2013Price currently capped by former .9130 support and resistance line. We are still in bear territory.
AUD/USD
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Ssm replied Aug 19, 2013By falling back into the channel, looks like bears are in control again.
AUD/USD
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Ssm replied Aug 19, 2013image Looks like .922 capped the rally and immediately PA fell fiercely to the old line close to .9130 and fell back into the channel. These both lines will be the lines to watch. Resistance will be plentiful at top of channel and most importantly ...
AUD/USD
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Ssm replied Aug 17, 2013Agree. I see PA returning to the channel. Monday will be a quiet day again. RBA minutes might see PA following the channel or break out of the channel. image
AUD/USD
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Ssm replied Aug 16, 2013.92 level are broken, let's see if it can remain above it. If .9220-30 level are broken, it will have legs to go higher. Might not be broken today, but perhaps next week. Next week RBA minutes release. I closed my longs at .92 for the weekend. Have ...
AUD/USD
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Ssm replied Aug 16, 2013Aussie still couldn't clear .92 convincedly. .9220 is a critical level.
EURUSD
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Ssm replied Aug 16, 2013It might be a blessing for you. Aussie is on a uptrend, but nearing a resistance.
EURUSD
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Ssm replied Aug 16, 2013But yet, PA also couldn't clear .92 convincedly. .9220 is a critical level.
AUD/USD
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Ssm replied Aug 16, 2013The channel played very well. Now that the channel was broken to the upside, lets see if it can close above the channel. However, resistance above at .9220. image
AUD/USD