Comments on: Major banks turning very bullish USD

By: Sean Lee

Sean Lee — Sun, 30 Jun 2013 21:25:48 +0000

Thanks Tom, but I do get them wrong as well. I don’t yet have the sense that I’m wrong just yet on these trades but if cable below 151, eurusd below 12850, and audusd below 9000 then I am 100% wrong

By: Sean Lee

Sean Lee — Sun, 30 Jun 2013 21:23:06 +0000

Hi Alec, it looks very bearish for sure and the technical picture doesn’t look great. But does depend on your strategy and time-frame. If you are a short-term trader, its prob best to take the small loss and have another try later. If you are more medium-term, then I think these levels in low 90’s are worthwhile dip-buying opportunities.

By: Andras

Andras — Sun, 30 Jun 2013 19:01:57 +0000

Hi,
I think GOLD bottomed and maybe this will add positive bias to AUD.
András

By: Tom

Tom — Sun, 30 Jun 2013 17:10:48 +0000

Hi Sean, I remember your great calls earlier this year – bearish cable, bullish USDCHF, bearish AUDUSD, bullish EURAUD followed by the awesome call of 93.5 on USDJPY when it was above 103. So, I believe anybody can follow your next two calls – bullish GBPUSD and bullish AUDUSD. Even if bit delayed, it will happen soon.

By: Lam-Son

Lam-Son — Sun, 30 Jun 2013 14:46:49 +0000

Hi Sean,

Regarding the stubborn Swissie, the weekly chart USDCHF is forming a pennant pattern. If I am correct about this pattern, the upper line and the lower line will meet in a few months time around the rate of .95. At this point, the pair would break out the pennant and go up.

Making sense?

By: Alec

Alec — Sun, 30 Jun 2013 11:55:15 +0000

Hi Sean,

I have AUD long at 0.9165. Do you think I should offload it as soon as possible as seems like all the news around showing it might drop further?….