Ever so slowly, the EUR-AUD is in the process of building a bottom pattern on its daily chart. After making an all time low at 1.2131, the price formed what appeared to be small rounded bottom, followed by a fast move to 1.2616. With more price history since, now a possible Cup with Handle formation [...]

EUR-CAD. The rally in the EUR-CAD, which lifted it from 1.2875 to 1.3479, hit an obstacle last week. It came as a combination of things, which included the 100 SMA, previous resistance level and overextended price. Bollinger bands, with the price clearly above, demonstrated that particular aspect. A bearish candlestick pattern, the dark cloud cover, [...]

While Greece is still awaiting final word from Eurozone officials regarding the next installment of bailout funds, it is getting closer to seal the deal with private creditors. We have heard this very line for at least three weeks now, but the clock is ticking, so perhaps the latest announcement will materialize. As things stand, [...]