Yeah, can definatley break out in either direction; it looked to be poking out (possibly starting a breakout) on the topside but since has pulled back 20-30 pips... looking at the price of the CAD to the USD and the AUD to the USD, it's hard to say ...

Commodity Currencies: AUD, CAD and NZD

Heads up! Check out the daily chart for AUD/CAD guys, we may finally have a break to the upside out of the triangle (I've been watching this for a while now... I'll likely go long on the first decent pullback after a breakout is indeed confirmed; ...

Commodity Currencies: AUD, CAD and NZD

Are you shorting the EUR/USD also? I think a good idea to help hedge is long USD/YEN; I feel if the job numbers are as great as they say they're going to be this week, then USD/YEN rallies... the USD may rally against the AUD and EUR also, but it ...

AUD/USD

It can certainly be frustrating at times, with the AUD right about to lose the 0.90 handle on Friday and now seeing it near 0.9150... the AUD can easily lose 0.85 or even 0.80 when US stocks finally sell-off (at which time I'll start building a long ...

AUD/USD

The Yen has been getting pummeled by the USD the last couple of days and I read that a macro hedgfund put in a long USD/YEN trade worth $3 Billion that propelled it higher and caused it to break out of it's recent range a couple days ago... But I ...

AUD/USD

Beautiful charts there! ... now let's see if the USD can rally for more than a day; looks to still be resting as of now lol.

Commodity Currencies: AUD, CAD and NZD

Ya, the house of cards should come down pretty quickly then lol... I have a feeling we're going to rollover after this quarter ends... so early April... actually, now that I think about it, I believe we're going to be hearing about a bunch of ...

Commodity Currencies: AUD, CAD and NZD

Totally agree, the Dow up another 100 points today! I was pulling up some charts and noticed that we could very well be in a 5th wave on the Dow daily chart that began in March of 2009... Also, we're just a little over 100 points away from 11,000, ...

Commodity Currencies: AUD, CAD and NZD

There's a nice rounded bottom on the 1 hour USD/CAD chart that's developing; not sure if anyone wants to go long USD after the FOMC earlier though lol... I'm still long and strong the USD but hedging myself with some smaller plays until the big move ...

USDCAD trend reversal?

If we do go to parity, we'll likely dip decently below and pop back over, then go under and back over... I'm predicting it'll play out much like the Pound did at the 1.50 handle... so there should be a few comfortable trades to catch there for ...

USDCAD trend reversal?

Great job on reducing the emotional factor involved in trading... I'm still working on it! lol... 2 of the more recent books that I've read, "Trading in the Zone" and "Trading with your gut" have been very helpful... and it's very true that it ...

USDCAD trend reversal?

Didn't Goldman say the Pound was going to the 1.80's this year? They said it a few months ago when it was looking pretty good in the 1.60's, well before it lost the 1.50 handle! lol

EURUSD

I'm going out on a limb here and saying we'll see 1.05 before parity! I think too many people were long on that triple bottom and shooting under 1.02 took a lot of them out... now that it seems parity is in the cards and the obvious play would be ...

USDCAD trend reversal?

I'm with you on this one, especially with the bullish USD... I have a feeling the USD can gain some real good strength against the commodity currencies soon; we just need that overall US stock market correction though. The 1150 close on the S&P with ...

USDCAD trend reversal?

Very interesting timing along with the S&P in double topping mode and the VIX at an extremely low level!

AUD/USD

That's true, could be deja vu again... where do you see AUD/NZD heading on the next down phase of the market?

AUD/USD

There is a bullish flag formed and about a 50% fib retracement from the high spike after news... I'm gonna take a long position here and shoot for 0.9400+

AUD/USD

You should know in the next couple hours if this was a good trade... I've noticed on news, the AUD will usually pullback a tad and consolidate for a while, then either keep running the rest of the night for another 50-100 pips or if it breaks down ...

AUD/USD

Remember AUD's weekly pip range of about 300 pips... the low this week was 0.9195... so this has the potential get close to 0.9500 if risk keeps flowing into the market. With that said, the S&P and Dow both closed just shy of critical levels to the ...

AUD/USD

The S&P needs a close over 1100 and if it's able to hold over the next several days, then the USD weakness should continue, otherwise, we may get another decent pullback like we had recently.

AUD/USD