‘Dollar Update’ Archive

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!  – -

Upside Breakout in the Japanese Yen starting???

    CLICK ON CHART TO ENLARGE This multi-year chart of the Japanese Yen (upper left) reflects that rising channel is in place looks to be in place with support tested of late. Over the past couple of years a bullish falling wedge could well have formed. Is a breakout above the wedge taking place [...]