” Stocks drop on uncertainty after Europe’s weekend elections”….these are this mornings headlines from the USA Today website (see post here) Bloomberg’s headlines read…”S&P 500 Futures Fall as Europe’s Voters Reject Austerity” (see post here) What happens to the U.S. Dollar the majority of the time we see these type of headlines? See below how [...]
CLICK ON CHART TO ENLARGE Before todays rally, the 500 index was up around 1% in the past 60 days, chopping back and forth. This lack of direction could be due to flag/pennant pattern in the U.S. Dollar. Odds remain high the markets will remain pretty choppy until traders break the Dollar from this flag [...]
CLICK ON CHART TO ENLARGE The U.S. Dollar remains inside of a couple flag/pennant patterns. Odds are above average that the markets will remain choppy until the currencies break from this narrowing pattern.
CLICK ON CHART TO ENLARGE Since last August, bullish falling wedges have led to rallies in the Australian$/U.S.$ ratio and in turn, the 500 index has moved higher along with the ratio. Over the past couple of months the AUD/USD ratio has formed a bullish falling wedge and in the last 4 days the [...]
CLICK ON CHART TO ENLARGE Public opinion towards the U.S. Dollar has grown to be rather Negative/Bearish of late at (1). At the same time the Dollar-Euro ratio is moving a little higher off of support and breaking to the upside this morning, breaking above a multi-month flag/pennant pattern at (2). At the same time the [...]
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