CLICK ON CHART TO ENLARGE Last week the “Power of the Pattern” reflected that Dollar bulls were jumping ship (See post here) The Dollar has been moving higher of late, after breaking its steep falling resistance line. Tests of a support line often take place and it looks like the Dollar is testing the top of [...]
The Power of the Pattern suggested to cover Dollar shorts as the Dollar looked to be breaking resistance in the chart below, posted on 2/3- (see post here) CLICK ON CHART TO ENLARGE What a surprise???? The Dollar was hitting the top of its rising channel/rising wedge, way too many investors become bullish on the U.S. [...]
Last Friday morning, the “Power of the Pattern” was reflecting an early attempt by the U.S. Dollar to break falling resistance in the chart below (see post here) and the suggestion was…if short the Dollar, harvest gains. CLICK ON CHART TO ENLARGE The chart below reflects early morning action in the U.S. $, as it [...]
On 1/12 the “Power of the Pattern” reflected a bearish wedge was in place in the U.S. $, which reflected a two-thirds chance the dollar would move lower in price. (see post here) For those that took this pattern as an opportunity to short the Dollar, its been a good ride. See below for [...]
Rising wedges often turn rallies into declines and tick off a few bulls along the way. The “Power of the Pattern” was reflecting that the Dollar should get “Rejected at resistance” at the top of its wedge at resistance line (1) in the chart below which was posted on 1/12. (see post here) CLICK ON CHART [...]
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