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Update on the Euro Trade As I discussed on May 14th, I thought the Euro might perfect a Head and Shoulders pattern, projecting further downside for prices in the near term. The initial target (#4 on the chart above) was reached in short order (see chart below). My hope was... Read More
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Potential Downside For the Euro? On March 28th, I took profits on a large portion of my Euro short position. My goal at the time was to await a bounce in the Euro that would provide a higher entry point from which I could add an additional short position. That time seems to be now... Read More
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Taking Profits on My Euro Position I have finally taken some profits off the table in my Euro short position. The initial head and shoulders formation worked perfectly and the Euro continued to break down after the formation had come and gone. While I continue to maintain a long-term,... Read More
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Macroeconomic Headwinds for the Euro In additional to the technical breakdown of the Euro, we are starting to see the  lagging, but broader economic and political impact of a recently higher Euro.  Co-chief executive officer of Danish bank Saxo Bank A/S, Lars Seier... Read More
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Brief Update on the Euro Short It looks like the EUR/USD pair is respecting the boundaries of its broader channel trend lines (see below) first discussed in the latest Euro update post. This could be a bounce before lower lows, or it could be a repeat of the last rebound off the... Read More
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Quick Update on the Euro It looks like the Euro trade vis-a-vis the US Dollar is going just about as expected. I have spent a little more time sharpening trend lines and potential fibonacci levels to refine a probabilistic roadmap for the Euro. Initially, the bounce came... Read More
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Doubling Down on My Euro Short Over a good portion of last week I materially increased my short position in the Euro (basically doubling down) as it reached highs not seen since about a year ago. I write this to remain transparent with my thought process as it unfolds and for those... Read More
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The Bounce in the AUD/USD The Australian Dollar has indeed experienced the bounce that I mentioned in my October 9th post when I had exited my profitable short position against the AUD. As you can see from the chart below, it did not take long at all for the currency to move... Read More
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I am short the AUD (Australian Dollar) I am initiating a short position on the Australian Dollar against the US Dollar (i.e. US Dollar long, AUD short) based on what I believe will be a very nice short term trade. The US Dollar has taken a beating as of late due to all of the hype... Read More
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