Gold bearish view

The DSI sentiment for Gold is in single digits and has been falling, like the price, since the US election. It is undeperforming silver and all other metals.  Although the risk of a snapback rally is high and some volatility around the Fed decision likely, chart patterns still suggest lower to 1084 area before we […]

EURAUD short

I am looking for a way to trade an AUD rebound.  AUDUSD is not that attractive right now because of USD strength and the upcoming Fed (maybe) hike. I like EURAUD short, AUDCAD long.  Here is a look at EURAUD. The bigger picture: monthly chart shows a reversal at the 50% of the decline from […]

Beaver, Betty, Bill & Ben

Some Foreign exchange jargon, or nick names for currencies: USD (U.S. Dollar) – Greenback or Buck GBP (British Pound) – Sterling GBP/USD (British Pound / U.S. Dollar pair) – Cable or Betty EUR/USD (Euro) – The Single currency or Fiber (*NOT Eurodollar *see below) EUR/GBP (Euro / British Pound) “THE Cross” or Chunnel CHF (Swiss Franc) – Swissy EUR/CHF (Euro/Swiss Franc)  Chuffs […]