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Markets were quick to buy US Dollar after a minor correction as US CPI was released yesterday. This move might reflect expectations for the coming year, as a USD-positive policy mix under Trump is...
Forex Strategies Bullish: EUR/AUD is trading at @1.6303 at the time of writing, out of range in a cup and handle pattern that is bullish. We are looking to target the ATR target @ 1.6350. A further...
It appears that the EUR/AUD is currently in a 3rd wave within a channel, with a current value of 1.6824. If we see a breakout of the slope support, we could potentially see a continuation towards the...
EUR/AUD currently @ 1.6402 after topping out and making the turn. We are looking for a continuation to the ATR @ 1.6333 with the overall target the 2.618 Fibo @ 1.6321. Watch the USDX for direction....
Bullish: We are currently at 1.6360 after the breakout of the bear channel We are looking for a continuation to the ATR @ 1.6444 with the overall target the 2.618 Fibo @ 1.6525.Watch the USDX for...
Note: ISM Services PMI is this AMBearish: EUR/AUD is currently at 1.6201 in a flag pattern (bearish) in the channel. If we can break the flag, we are looking for a continuation to the 2.270 Fibo at...
Bullish EUR/AUD: We are currently at 1.6495 just out of the flag pattern. We are looking for a continuation to the 1.000 Fibo at 1.6533 with the overall target ATR target at 1.6579. Watch the USDX for...
Bearish: EUR/AUD is currently at 1.6275 at the start of a channel. If we can break the support here, we are looking for a continuation to the ATR target at 1.6142 with a further target the 2.618 Fibo...
Bearish: EUR/AUD is currently at 1.5952 after making the turn in a range and a new channel. If we can break the support here, we are looking for a continuation to the 1.000 Fibo at the 1.5922...
Now that the market is past the CPI in Australia (strong data overnight), the market can look past that and towards the ECB next week. The ECB has been one of the more hawkish Central Banks recently,...
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