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Cedric Thompson, CMT I am a Market Analyst at the Trinidad and Tobago Unit Trust Corporation as well as a member of the MTA. In 2007 I graduated from the University of the West Indies with a Bsc. in Actuarial Science. Follow my trading strategies on Collective2! -... More
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  • CTA 24-Jan-14 EURAUD 0 comments
    Jan 24, 2014 12:26 PM

    EURAUD began its uptrend on January 22nd, from a low of 1.52406 to a high of 1.58357, a 3.9% move. A recent evening star pattern caused a pullback in the trend, but it remains intact. A tweezer bottom has recently formed, which indicates another move higher. Targeting a move to 1.58357, given a market price of 1.56987, this will be a 0.87% increase. Traders can risk a fall to 1.568, a 0.12% decline. This trade produces a risk factor of 2.92.

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    Themes: EURAUD
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