‘Australian $’ Archive

King Dollar bouncing off long-term support?

CLICK ON CHART TO ENLARGE Almost 90-days ago the US Dollar was dealing with a 14-year resistance line that dated back to its all-time highs in 1985, around the 95 level. It pushed above this resistance line and closed just above the 100 level on the week ending 3/13/15. Since then the US$ has backed […]

This is suggesting Emerging markets could slip to much lower prices!

CLICK ON CHART TO ENLARGE The Australian Dollar is often looked at as the “Risk On/Risk Off” currency. Back in 2008 the AU$ formed a bearish rising wedge which suggests a two-thirds chance of lower prices.  Once the breakdown took place risk assets around the world tanked (stocks & commodities)! I shared with Premium Members […]

Another important currency about to “Bite the Dust?”

CLICK ON CHART TO ENLARGE The Japanese Yen (left chart above) created a multi-year flag pennant pattern, reflected by a series of higher lows and lower highs.  Once traders broke the bottom of the pennant, sellers rushed in, creating one of the largest currency declines we have witnessed in years. Over the past few years […]