ChuaChangYi

ChuaChangYi Updated 

Long with good entry few days back, late post due to busy schedule. Strong Dollar will carry this pair higher, CAD is strong but commodity prices will affect them most, plus they are facing couple issues from Saudi and Trump.

ChuaChangYi Updated 

Good entry on short with respect to existing trend line, this is late post due to busy schedule. AUD an commodity based currency is largely affected and dependent on CHINA's economy growth. With trade-war suppressing CHINA's export, raw material is part of the supply chain to be affected. I am expecting pair to retrace at 0.7350 for a another round of short...

ChuaChangYi Updated 

Mentioned earlier that I am bearish on Gold. I still do as this week many uncertainties will be unfolded. Part 1 of US-EU trade war have been semi-resolved*, the value and purpose to hold gold have decreased. Once part2 of US-CHINA trade war have ruled out as well, opportunities and rewards from other markets and instrument will be far much more tasty than...

ChuaChangYi Updated 

This is a strongly manipulated pair due to strong government intervention. (When they are in for it, is either you are in for a nice ride or kicked out of the party) Yuan (offshore) well known as one of the controlled currency is facing couple of major issues on hand, trade war tension with US as well as weakening domestic growth. (not in Yuan’s favor) It’s a...

ChuaChangYi Updated 

As per last post, reversal seen at 110.57 that trigger trade. Stay caution as Kuroda is gonna speak next week. This coming weekend carry trade might be tricky like what happen the last weekend. Manage your risk and `Trade safe

ChuaChangYi Updated 

Dollar-Yen had a double penetration breakout last week, breakout of horizontal resistance as well as the significant trendline which was established since early Jan 2017. What this means is that the upside potential are greater. I am seeing slight consolidation for USDJPY now and it seems healthy and well setup for further bull run. Risk to reward with setup...

ChuaChangYi Updated 

Currently we are in the earning reports session, generally strong Dollar as Powell testify during last Fed conference. Purely technical analysis, falling below last friday's low will serve as a good indication of further bearishness in Euro. Since we are slightly late to jump into Shorts right now, will just setup pending shorts to ride on breakout play.

ChuaChangYi Updated 

Dollar had a good run last week, so its ok for Dollar to have a short break before it before it pump up again. I am expecting further drop in dollar first, probly to 93.227 level, if any sign of reversal build up that will serve as +1 to further Dollar bull. Fundamentally, datas are promising and Feds are positive on improved economy. Given rising inflation, fed...

ChuaChangYi Updated 

Following Trump’s warning to May on Brexit proposal could “kill” future U.S trade deal have set further bearish tone on Pound. Given U.K’s current situation losing U.S as trade partners is not something they can accept lightly. In any event of May losing her seat will throw U.K government to a temporary shutdown before another round of election kicks in. As...

ChuaChangYi Updated 

Personally I feel Gold is one of the toughest pair to trade, reason being its very sensitive to many factors especially “uncertainties”. There are many factors that can move Gold, such as strong Dollar can push Gold lower, trade tension escalation can drive Gold higher, vague and bleak global economic outlook can affect gold as well. Later in the day, we have...

ChuaChangYi

Following Trump’s warning to May on Brexit proposal could “kill” future U.S trade deal have set further bearish tone on Pound. Given U.K’s current situation losing U.S as trade partners is not something they can accept lightly. In any event of May losing her seat will throw U.K government to a temporary shutdown before another round of election kicks...