‘Currencies’ Archive

Look Alikes, Domino’s and Slippery Slides…

05/14/2011, filed under China, Commodities, CRB Index, Currencies, Dollar Update, EAFA, Emerging Markets, Russell 2000, S&P 500, world markets; 5 Comments.

  CLICK ON CHART TO ENLARGE Markets around the world (S&P 500, Russell 2000, EAFE, Emerging, Shanghai and more) have all formed “Look Alike” Patterns, each testing key support at (1)!  With correlation so high around the world, if one breaks a “Domino effect” could take place.   If support would break for each of these, the markets could become a “Slippery Slide” in [...]

Dollar moves to highest level in decades…

03/25/2011, filed under Australian Dollar, Currencies; 1 Comment.

 The Australian Dollar that is! CLICK ON CHART TO ENLARGE The Australian Dollar continues to push higher on a long-term basis and the Australian Dollar ETF (FXA) looks to be breaking above a multi-month sideways channel. Game Plan….Those looking to invest in a currency that is reflecting strength at this time should be an owner [...]