Posts Tagged ‘US Dollar’

Thurs 15 Aug

15 August 2013 - 11:53 am UTC


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



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)
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
Felix Zulauf
Gary Shilling
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

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.

Mon March 28

28 March 2011 - 1:15 pm UTC

AUDCAD short 1.0037

GBPUSD long 1.6019 [closed 1.6015]

AUDCAD short 1.0048 [closed 1.0029]

EURUSD choppy daily chart still gives bearish warnings but is
tracking sideways again.

EURUSD short 1.4043 [closed 1.4048]

AUDCAD short 1.0048

USDCHF short 0.9192 [closed 0.9189]

USDCHF long 0.9128 [closed 0.9204]
EURUSD short 1.4158 [closed 1.4061]

EURUSD weakness and USD strength continues.

USDCHF long 0.9128

EURUSD short 1.4158

Tues Feb 22

22 February 2011 - 11:38 am UTC

The overdue Wile E. Coyote equity correction gets even closer.

12,400 should be the DOW top – let’s see if i’m right.
Last price 12,271

USDCZK long 17.923

Key global equity indexes remain very overextended and as a result
the overdue correction may be sudden.

A reminder that S&P500 monthly chart volume has been declining
steadily since the March 2009 rally started. Declining volume during
an uptrend or downtrend can signal trend weakness.

USD buying support / EURUSD selling pressure returns. Thus we return
to the recurring pattern as the dollar continues to wind up for a rally.

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 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

Sun Nov 21

21 November 2010 - 2:54 pm UTC

Daily chart still bullish.
Weekly is bullish.
Monthly is bearish.

Mon Nov 1

1 November 2010 - 7:24 pm UTC

EURUSD short @ 1.3934

Been away from charts again and I see that EURUSD is tracking
sideways. Uncertainty and lack of market consensus dominates
yet again.

DOW/S&P500 etc daily charts remain very overextended.
When you stretch an elastic band too far – what happens ?
Pent up energy is suddenly released (the crash in late 2008 is
a good example)