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Taiyin8 replied Dec 28, 2015Could be one of the major trades for 2016. Below 175 could mean a massive H&S Top. (Weekly chart: A little longer term)
Dragon Riders GBP/JPY
- Taiyin8 replied Aug 16, 2015
The pair has been making higher lows since mid July. My money is a break out on the upside and have placed my order accordingly.
GBPNZD trading calls
- Taiyin8 replied Aug 14, 2015
Hi, Is there any retail market for trading Malaysian Ringgit, or is it confined strictly to banks. Even Bursa Malaysia doesn't offer any futures contracts on the Ringgit. Thanks.
Malaysia
- Taiyin8 commented Aug 10, 2015
Those wanting to short Chinese Yuan but cannot do so easily, or cheaply, could look at shorting Singapore dollar (SGD). USD/SGD just popped 100pips after the China's news. Singapore's economy is super reliant on exports so what ails China, ails ...
China weakens yuan reference rate by 1.9%, most on record
- Taiyin8 commented Aug 8, 2015
I have no current position on the AUD, which is a good thing. As they say, once you have a position, you no longer think straight. Who knows how the AUD will react come Monday morning. From the chart, I speculate that there's bullish momentum on the ...
China’s Exports Drop as External Demand Fails to Offer Relief
- Taiyin8 replied Jul 28, 2015
Weekly chart suggests critical juncture. A move below last week's low of 2.329 could mean that the surge two weeks ago was a bull trap and 2.33 is now a major overhead resistance.
GBPNZD trading calls
- Taiyin8 replied Jul 15, 2015
Third week of consolidation at the current resistance. Hopefully, this would now act as a base for support if the pair could break through.
GBPNZD trading calls
- Taiyin8 commented Jun 26, 2015
Surprising that NZD is holding up so well. Exports are down sharply and imports of capital goods are down sharply. Surplus only comes from lower oil prices. Retreat back to below 0.6800, me thinks.
New Zealand Overseas Merchandise Trade
- Taiyin8 replied Jun 19, 2015
Taking the longer term view (weekly), we just blasted through resistance at 2.22. Next resistance is the current 2.30 - 2.33 area. Then, I don't see too much strong resistance until 2.60 range.
GBPNZD trading calls
- Taiyin8 replied Jun 17, 2015
NZD just reported much lower than expected GDP numbers (+0.2% vs +0.6% consensus forecast). This followed record low dairy prices and surprised interest rates cut last week. On the other hand, GBP is reporting exceptional economic numbers. In any ...
GBPNZD trading calls
- Taiyin8 commented Jun 17, 2015
Forecast was for +0.6%. Not sure how economists could get a backward-looking number so wrong.
New Zealand economy grows 0.2 percent
- Taiyin8 replied May 11, 2015
Seems strange that a currency could take such a big hit from a comment by a bank's economist.
NZD/USD
- Taiyin8 commented May 8, 2015
I am not British, but if a referendum were never held (under Labor rule), the question of EU-membership would forever remain an overhang. Might as well have a referendum and get the issue decided once and for all by the people.
Prime Minister David Cameron's Conservative Party wins outright majority in UK Parliament
- Taiyin8 replied Mar 15, 2015
Weekly chart, so for the longer term trader. Not a perfect H&S formation, but seems quite compelling. A break from current levels could be very bearish for the pair.
GBP/JPY
- Taiyin8 commented Mar 11, 2015
Agreed on shorting the EUR/NZD pair. For longer term traders, look at the weekly chart. The failure to break overhead resistance at 1.48-ish is fairly dramatic. Now, there are no tangible support to think of.
RBNZ Press Conference
- Taiyin8 replied Mar 2, 2015
Looks like a potential upside break, at first glance. But, given that it failed to sustain an upside break over the past three attempts and each time unable to get higher high, my money is on another bear trap.
USD/CAD
- Taiyin8 commented Mar 2, 2015
FX markets are not trending at the moment so we get no real breaks. Look at the USD/CNH (off shore Yuan) pair. It popped 80 pips on news over the weekend of China's rate cut. Then, steadily went up another 80 pips over the following two hours. Then, ...
China manufacturing: Operating conditions improve for the first time in four months
- Taiyin8 commented Feb 4, 2015
According to Peter Brandt, for a formation to be a real H&S, the two shoulders must overlap, at least partially. The way he is drawing the potential right shoulder does not overlap at all with the left shoulder. Not a real H&S potential in my book.
CADJPY: Potential Head and Shoulders top forming