CLICK ON CHART TO ENLARGE For the majority of the time from 2003 to 2011, the U.S. Dollar and the S&P 500 pretty much moved in opposite directions (Low Correlation Pink Shading). For the prior ten years (1993 to 2003 Green shading) the opposite took place, Dollar and SPY were highly correlated. Since Mid-2011, the [...]
CLICK ON CHART TO ENLARGE From a monthly basis, the U.S. Dollar created another large bearish wick along an 8-year resistance line at (1) in the chart above. This might surprise a few investors as the Dollar is a popular investment choice right now, as 77% of investors are bullish the US$. The combo of [...]
CLICK ON CHART TO ENLARGE The Yen, Australian $ and the Euro have created pennant patterns over the past few years and each of these currencies is now breaking support of the pennant patterns. As the same time the US$ has been unable to “Close on a monthly” basis above line (1) in the chart [...]
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