image Again, this historical resistance line since 2009 proved a hard nut to crack. Price has been rejecting this level several times and some not even close to it. Only when we have a daily close above this level that we know its bullish.

AUD/USD

Is there any news which causes the sudden downward move? The release of the China HSBC PMI number seems to have minimal effects initially, but 6 hrs later, the great fall starts. A classic case of bull trap at .93 level. As commented before, Aussie ...

AUD/USD

Unless .93 level gets broken, any rallies will be aggressively shorted.

AUD/USD

Hammer or shooting star, you decide. Nevertheless, as said earlier, even if there is a bearish confirmation at the next hour candle, today chart candlestick might not mean anything as the volume is too thin. image image

EURUSD

image The hourly. Is this sign of rejection? Not sure, because today trade volume is too thin to decide on the direction.

EURUSD

image What do we have here?

EURUSD

Aussie is up because Gold is up. Aussie needs to close above .93 level in order to be bullish. Otherwise, any rallies will be sold aggressively by sellers.

EURUSD

url Translation error in Finance Minister's speech. Corrected story clarified that Minister Lou Jiwei, speaking in Washington, said: "There is no doubt that Chinacan achieve this year's growth target of 7.5 percent". Previous version "There is no ...

AUD/USD

Unbelieveable, 600 pips move in a few days and still going strong.....

EURUSD

As said before in my previous post, the fundamental of the Aussie economy is not as bad as it seems despite Chinese weakness, because China is still growing but growing at a slower pace than before and also the rest of asia are still growing, ...

AUD/USD

Indeed true that this pair could not hold itself above .9325 as mentioned last week. There goes the hope of bulls. A break of .92 levels will goes all the way down to .9135.

AUD/USD

China's economy is more resilient than what people think. Fundamentally, export for Australia will remain strong ahead. Although I will bet with longs with the current attractive price, but looking at charts, I could not find any reason for long. I ...

AUD/USD

For reading: url

AUD/USD

Have been observing this formation for quite sometime. Head and Shoulder formation invalidated once resistance above .3180-3190 break? Clean break means 20 to 30 pips break. Comments welcome. image

EURUSD

Oh Gosh, my TP at .3095 was not taken out, checked with my broker and found that it had missed by 0.2 pips. In the end, was stopped out eventually by the big spike up. This is my fourth time since last week.

EURUSD

All in all, Draghi is a good speaker who knew what to say what not to say.

EURUSD

A philanthropist?

EURUSD

This week is Asia Golden week, liquidity might be slow during the asian session I guess.

EURUSD

Shorted at .3260. This time I have set my TP at -10. No fourth time pls.

EURUSD

"Spain government to issue long-term economic forecasts at 1PM London time today" Is Spain still on the radar screen or already been forsaken?

EURUSD