‘Dollar Update’ Archive

King Dollar Is Nearing 11-Year Resistance, Sentiment Getting Lofty!

  CLICK ON CHART TO ENLARGE The U.S. Dollar has experienced a small rally over the past couple of months (up 3%), taking it back to falling resistance line (1) that has been in place for the past 11-years.  This small rally has created a shift in bullish sentiment towards the U.S. Dollar. The lower […]

Euro looks poised for further weakness, as it breaks support!

  CLICK ON CHART TO ENLARGE On April 24th the Power of the Pattern shared that the Euro looked like it was hitting a peak in prices and should turn weak in the near future. (see post here). Why did it look like the Euro was peaking 5 weeks ago? It was creating a bearish rising […]

U.S. Dollar breaking support or creating a bullish wick here?

  CLICK ON CHART TO ENLARGE Is the U.S. Dollar breaking below this two-year channel or pulling a fake on investors and creating a bullish wick? The resolution to this question could well have an impact on portfolio construction!  – -