In our last post here, we noted that Crude Oil has entered a bullish sentiment zone and that we are on the lookout for bullish signals to go long on this commodity. While there is no strong signal of a bullish market on 1h and 4h chart yet, we note that the first signs of a bullish continuation is occurring on the daily chart.
Although not a very decent bullish...
Better than expected employment data from Australia this week boosted the AUD against most currencies. Due to the previously weak USD, AUDUSD had already moved into a bullish sentiment zone, and this weeks data adds to that conviction. We note however a potential trade setup for AUDSGD as the good Aussie data accompanied by the easing move by MAS allowed the pair...
Our short GBPNZD trade continues to move in our favor without much volatility as the recent recovery in commodity prices and currencies provide some support for this pair, especially with economic data from China turning out better then expected, quelling fears of a hard landing for the Chinese economy, and that the world's second largest economy is running into...
Although we are not keen to open a new trade position yet, we thought it might be useful to provide some analysis for the Aussie, just because we enjoy doing it. So here goes!
Current momentum for Aussie is definitely bearish, although recent unemployment data has been much better then expected. However the low commodity prices is putting a cap on the AUD,...
To recap the movement for EURNZD last week, the pair traded lowerafter a bearish pinbar on the weekly chart from the previous week as the EUR remains pretty much weaker, after the Fed raised rates and economic figures from Europe came in mixed.
Monday and Tuesday saw the EUR/NZD trade lower, after which traded pretty much sideways as commodity currencies took a...
