Mircea Vasiu
Mircea Vasiu
Mircea, MBA in International Business graduating Magna Cum Laudae, trades for a living and contributes to various financial publications for more than six years. He writes about macroeconomics, stock indices, currencies, and most recently ETFs and individual stocks. For the past decade, he’s involved in everything trading related, mostly in the currency market, both with manual and algorithmic trading.

AUDUSD

AUD/USD Rising Wedge Hints to More Downside Ahead

The end of the month is finally here, and risk has a tough time, as pointed by the sharp selloff in the AUD/USD pair. The Aussie pair declined more than a hundred pips points in late North American trading yesterday after the US Treasury yields spiked and sent stocks in […]

EUR/JPY Eyes 130 But Bulls Should Be Cautious Out There

The EUR/JPY cross pair broke higher out of a triangular pattern that resembles a pennant. While the price did not reach the measured move yet, it did move out of a rising channel, a move that typically suggests overbought levels. The JPY pairs are all bid across the dashboard as […]

DAX

Dax Index Ascending Triangle Points to a Bullish Breakout

Dax index bounced from the recent lows just in time to keep the series of higher lows intact. Therefore, the bullish bias persists while above 14,000 points and threatening to break horizontal resistance. When the market hesitates against horizontal resistance but keeps forming a series of higher lows, it means […]

GBPUSD

GBP/USD: We Should Not Discount a Move Back to 1.40

GBP/USD broke the upper edge of a rising channel and looks a bit overbought here. Considering that the 1.40 looms large, as an important psychological level, we should not discount a move back to it, especially that some traders may book profits toward the end of the trading month. Cable […]

AUDUSD

AUD/USD Bearish Divergence Points to a Possible Reversal

The AUD/USD pair is one of the exchange rates that outperformed the most this year. It sits at the year’s highs with only a few trading days left out of the trading month. The relentless rally in the commodity prices triggered the move higher in the Australian dollar too. Australia […]