EURAUD

Looks to be forming a bearish Head and Shoulders. With the one-hour chart highlighting a DeMark 12 (13 is exhaustion) we look to sell into any further rallies. Read More

Last Thursday, the ECB chairman Mario Draghi again surprised the markets with more confusion. We all know that he is one of the most surprising chairman of the ECB with his actions and remarks. Yet, Thursday’s remarks added more confusion… Read More

About a few weeks ago, we pointed to potential trade opportunities in the Euro cross currencies; the EURCAD and the EURAUD. These two currency pairs got the attention largely for two basic reasons. The Aussie and the Canadian dollars are… Read More

The never ending saga of the Greece crisis is likely to keep the EURUSD trade sideways for the most part, until one of the two economies, namely the Eurozone or the US gives way. For the Eurozone, while a short term solution to the Greece… Read More