Trade Idea 24 May 2016: USDCAD

Dear traders, at 7.26am Singapore time, it seems like USDCAD is trying to breakout of the resistance point. It did breakout for a while but failed, still hanging around the resistance zone. So there could be a sudden movement once it pushes up or down. Those who are...

Weekly Review: Rise in USD

The week ended with quite little changed. There was the FOMC meeting which gave some volatility during the week. Let’s take a look. There were big news driving movements of stock prices such as Warren Buffett’s investment into Apple and also the...

Trading Idea 20 May 2016: GBPUSD

At 7.23am Singapore time currently, seems that GBPUSD has stalled for the moment. Looking at it, it seems to be stalling for another move up. However, it will be slightly difficult to predict where the stop loss is. GBP related pair like GBPJPY is also having the same...

Trading Idea 19 May 2016: NZDJPY

Good morning, at 7.23am Singapore time, I’m looking at NZDJPY for potential breakout play. Last night Fed’s FOMC meeting sent the dollar rising. Should see a continued slow momentum of dollar creeping up again. As for NZDJPY, it might be a range play or a...