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, [...]

In an otherwise dull, or rather directionless, trading on Monday, Yen pairs stood out. They all registered sharp declines, falling 200+ pips in some instances. Many sources claimed that was in search of a safe haven, or even a hedge against rising oil prices. Hard to see how the JPY can possibly be a hedge [...]