Posts Tagged ‘Dollar’

Tues 27 Aug

27 August 2013 - 8:47 am UTC

SPX / DOW / NASDAQ Daily / Weekly / Monthly Charts Continue
To Break Down.

CRUDE OIL short squeeze confirmed…

Warning – Geopolitical events cause buy pressure & conflict with
CRUDE OIL down leg.

REMINDER: DXY weekly & monthly chart bullish warning continues
@ despite rate suppression – USD RALLY awaits.

SPX choppy downtrend on daily chart continues.

SPX / DJIA / NASDAQ daily/weekly/monthly topping process
from extreme levels guarantees Wile E Coyote collapse – and
it’s getting close.

Thurs 15 Aug

15 August 2013 - 11:53 am UTC

SOCIAL MOOD . . .

SPX choppy H&S on daily chart commences [ie bearish]

THE USD RALLY

31 May 2011 - 9:22 pm UTC

Expecting a USD rally in 2011 like myself ? – Join the list.

Thanks to blog readers for their suggestions of analysts / traders
who are also USD bullish. (some being subject to confirmation)

FURTHER SUGGESTIONS OR CORRECTIONS APPRECIATED.

Robert Prechter
HS Dent
Bob Hoye
Danielle Park
Tim Wood
Mike Shedlock
Charles Hugh Smith
John Taylor – FX Concepts
Jack Crooks – Black Swan Trading
Chris Kimble ? – Kimble Charting
twitter.com/Fibarchie
globalmarketstrade.com
Felix Zulauf
readtheticker.com
stocktwits.com/UseA_Fork
Gary Shilling
twitter.com/cginthehouse
David Rosenberg

THE USD RALLY.

20 May 2011 - 9:47 pm UTC

Thanks to blog readers for their suggestions of analysts / traders who
are also USD bullish. (some are subject to confirmation)
FURTHER SUGGESTIONS OR CORRECTIONS APPRECIATED.
Robert Prechter
HS Dent
Bob Hoye
Danielle Park
Tim Wood
Mike Shedlock
Charles Hugh Smith
John Taylor – FX Concepts
Jack Crooks – Black Swan Trading
Chris Kimble ? – Kimble Charting
twitter.com/Fibarchie
globalmarketstrade.com
Felix Zulauf
readtheticker.com
stocktwits.com/UseA_Fork
Gary Shilling
twitter.com/cginthehouse
David Rosenberg

Mon April 18

18 April 2011 - 10:28 am UTC

Key global index daily charts revert to BEARISH so we return to
the Wile E. Coyote correction.

Yep EURUSD uptrend does look topped out. Last 1.4275

Unfortunately been away from charts again. Recurring USD
strength / EURUSD and equity weakness returns as before…

Key global index daily charts are still bearish/sideways and the
overdue correction can’t be too far away.

NZDUSD may have topped today – bugger.

Thanks to blog readers for their suggestions of bullish USD
analysts – subject to confirmation when I have more time :
HS Dent
Bob Hoye
Danielle Park
Tim Wood
Mike Shedlock
Charles Hugh Smith
FURTHER SUGGESTIONS OR CORRECTIONS APPRECIATED.

EURSGD short 1.7944

Sun April 17

17 April 2011 - 12:00 pm UTC

Apart from myself and Robert Prechter who else is forecasting US
Dollar strength ? If you know of any analysts who are bullish USD
please let me know.

I don’t use Elliott Wave in my analysis.

Fri Feb 4

4 February 2011 - 11:52 am UTC


S&P500 daily chart shows a megaphone wedge. A common
pattern in various markets these days which exemplifies current
market sentiment : a volatile battle between buyers and sellers
and only one side will win.

EURUSD megaphone top on the daily chart looks confirmed.
Last price 1.3553

As mentioned numerous times, EURO downside and USD upside
will keep recurring. Bring on the overdue US Dollar rally: i’m
getting tired of talking about it and regular readers of this blog
are probably equally tired of reading about it.

USDCHF long 0.9471

Actually EURCAD and EURSGD charts look more appealing than
EURUSD and after they have a bounce, I’ll look at some shorts.

USDCHF long 0.9423 [closed 0.9462]

Thurs Jan 20

20 January 2011 - 12:00 pm UTC

I now expect serious downside for Gold and Silver.
*
I’ve been asked to post a summary of what’s going on so here it is.
The extremely overdue equity correction has started at last. This
means USD strength – something I’ve been warning about for some
time. I’ve also warned about a serious gold and silver correction and
that’s started today as well. So the QE2 rally from August 2010 looks
like it’s finally ended.
*

EURUSD 2 x weekly charts hint at what’s ahead. Yes, it seems
we have another expanding wedge…
So it’s time EURUSD heads south.
*
GBPUSD short 1.5976
*
EURCAD and GBPCAD daily charts are still bullish.
*
The FTSE sell off today warns of further selling ahead.
*
GBPUSD short 1.5989 [closed 1.5987]
*
AUDUSD long 0.9956 [closed 0.9958]
*
GBPUSD short 1.5995 [closed 1.5969]
*
Overextended DOW / FTSE / DAX daily chart bearish warnings
continue. S&P500 gave more warning yesterday with a sell off.
*
GBPUSD bearish signal continues – a decent leg down is developing.
Last price 1.5925
*
USD strength has reappeared again for the usual reasons …
This results in Euro tracking sideways and giving mixed signals.
This will keep happening until we get the overdue dollar rally.

GBPUSD short 1.5995

Wed Jan 19

18 January 2011 - 10:19 pm UTC

EURCAD long 1.3344 [closed 1.3409]
*
GBPUSD short 1.5995
*
EURCAD and EURUSD are bullish atm, but overextended and
overbought DOW/SP500 etc. isn’t – so i’m avoiding EURO.
*
EURCAD long 1.3344
GBPUSD short 1.5978 [closed 1.6018]
*
FTSE and DAX daily charts are still giving bearish warnings which is
affecting bullish Euro. Key indexes and Euro / Dollar are not in sync
again.
*
EURCAD long 1.3356 [closed 1.3348]
*
DOW/SP500 and Euro are still out of sync.
EURCAD long 1.3326 [closed 1.3351]
*
CHFDKK short 5.782 [closed 5.771]
*
EURCAD long 1.3326
*
EURUSD long 1.3403 [closed 1.3451]
*
EURCAD wants to rally too.
*
EURUSD possible target for impending rally is 1.3960


S&P500 monthly chart reveals a pattern of expanding wedges… aka broadening formations.

EURUSD long 1.3403 – Euro buying support returns …
CHFDKK short 5.782
GBPJPY long 131.888 [closed 131.881]
XAGUSD short 28.843 [closed 28.924]

Thurs Jan 6

6 January 2011 - 4:09 am UTC

XAGUSD short 29.13 [closed 29.18]
*
After all that messy chop, USD short term trend reverts
to bullish.
USDSGD long 1.2948
USDDKK long 5.6902
XAGUSD short 29.13

*
EURUSD daily chart reverts to bearish (larger time frames remain
bearish of course) Opposite for USD.
*
USDDKK long 5.6902
*
XAGUSD short 29.13
*
USDCHF short 0.9632 [closed 0.9636]
NZDUSD long 0.7589 [closed 0.7588]
*
USDCHF short 0.9632
*
NZDUSD long 0.7589
USDCHF long 0.9681 [closed 0.9669]
USDDKK long 5.6861 [closed 5.6835]
*

Woops, just looked at XAUUSD / XAGUSD (gold and silver in USD)
and discovered that both daily charts gave bear signals yesterday.
XAUUSD last price 1,370

*
USDDKK long 5.6861
*
USDCHF long 0.9681
*
Short term USD outlook is now neutral and choppy. Medium and longer term remains bullish.
*
USDJPY long 83.09 [closed 83.12]
*
USDJPY short 83.01 [closed 83.07]
*
USDJPY short 83.01
*
Some equity strength and USD weakness is possible.
NZDUSD short 0.7757 [closed 0.7589]
*

DOW weekly chart shows possible rising wedge which is a bearish
pattern when confirmed. Key resistance is found around 10,750
(green line)

NZDUSD short 0.7757