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Ssm replied Aug 12, 2015Sometimes Fundamentals and Technicals are conflicting. For trading, I guess Technicals still rule over Fundamentals, at least in the short term.
EURUSD
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Ssm replied Aug 12, 2015Especially when the pair broke weekly high today. It shows strength.
EURUSD
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Ssm replied Aug 12, 2015But EurUsd consecutively making new high over the last 6 days without retracement. Eur is bullish despite the Yuan devaluation.
EURUSD
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Ssm replied Aug 11, 2015Buying AUD is a risky trade. Fundamentally it is weak with the devaluation of the Yuan. ie. Chinese factories will find it expensive to buy raw materials from Australia. Therefore demand for Australia raw materials will be dampen thus further ...
EURUSD
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Ssm replied Aug 11, 2015Correct me if wrong. If Yuan devalues, PBOC will sell Yuan to buy USD, which may or may not use it to stockpile Gold. Therefore USD should strengthen.
EURUSD
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Ssm replied Aug 11, 2015Find it funny. Why did Boris commented that USD to drop when Yuan devalues? It should be the reverse. Any comments?
EURUSD
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Ssm replied Aug 11, 2015Again no rocket science here. Bad news from China = Weaker Aussie. Aussie now testing 0.73 again. If broken, we will see further south. US opening now, we will see.
AUD/USD
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Ssm replied Aug 3, 2015Aussie remains weak. Look at the pair today, even without significant news today, the pair is dropping below .73 and testing critical line .7250 again. If this level is broken, we will expect several and huge stop losses to be triggered and thus ...
AUD/USD
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Ssm replied Aug 2, 2015Didn't the Chinese printed bad news over the weekend? There might be a gap down on monday opening.
AUD/USD
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Ssm replied Jul 31, 2015Critical and option barrier .725 was just broken, be really careful with your longs. Previous support at that level might turn into resistance. History always repeat itself.
AUD/USD
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Ssm replied Jul 30, 2015This pair falling back below critical S&R line .73. Simply means weakness. Bear trend continues. If .725 broken, we will see further levels below.
AUD/USD
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Ssm replied Jul 27, 2015The upmove seems weak. Just look at how high EURUSD and GBPUSD climbed today. We are still near the .73 line.
AUD/USD