Trade Idea Update: USD/CHF – Buy at 1.0440

Monday, July 26th, 2010

Despite intra-day rebound from 1.0502, as dollar has retreated after failing to penetrate Friday’s high of 1.0564, suggesting further consolidation would be seen and below the Kijun-Sen (now at 1.0486) would bring retracement towards the Ichimoku cloud bottom (now at 1.0444), however, renewed buying interest should emerge around there and

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Trade Idea Update: USD/CHF – Buy at 1.0440

After The Stress Test

Monday, July 26th, 2010

The substance and meaning of Friday’s Stress test results are still be hotly debated. Financial pundits are putting enormous emphasis on the European open as the barometer of the market’s sudden confidence in the results. We are still unconvinced about the stress tests and doubt that a single market open/trading

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After The Stress Test

Trade Idea: AUD/USD – Exit long entered at 0.8900 and buy again at 0.8860

Monday, July 26th, 2010

Although aussie has risen after anticipated pullback to 0.8896 last Friday (we entered long at 0.8900), weakening of near term upward momentum suggests risk has increased for a minor correction below said Friday’s low may bring retracement to 0.8850/60 before renewed buying interest emerges again.

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Trade Idea: AUD/USD – Exit long entered at 0.8900 and buy again at 0.8860