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Currencies Commentaries

Showing Commentaries 1 - 6 out of 6 found.

U.S. Dollar: Following The Bull Move Higher

U.S. Dollar: Following The Bull Move Higher

After last Thursday's Brexit vote, the U.S. Dollar Index has offered some confirmation of the upward forecast we described in our June 2 post. Here we suggest some signals to watch as further confirmation of the upward trade, and we present some revised near-term targets. The index found support several weeks ago at what we have been treating as the bottom of a corrective wave (iv). It is...

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U.S. Dollar Bull is Back

U.S. Dollar Bull is Back

The US Dollar has spent the last 6 months working lower in a well-defined descending trend channel.  But things are looking up following the Brexit outcome. Click here to watch a video explaining how to read markets using volume at price. As you can see from the chart below, US Dollar futures have broken out above the descending trend channel and the former resistance at 95.905 is now acting...

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Brexit Vote Unlikely to Rescue British Pound

Brexit Vote Unlikely to Rescue British Pound

Our chart of British Pound futures shows why we don't expect the Brexit vote to produce a drastic change in the value of the currency regardless of the decision. Although the Pound could break in either direction from its present area, the Elliott wave patterns for both scenarios suggest the next move will not be large. Even so, traders might find areas to watch for a turn near the levels we...

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Dollar On Verge Of Confirming A Rally

Dollar On Verge Of Confirming A Rally

Monitoring the U.S. Dollar Index gives us an edge in forecasting turns in paired currencies and sometimes even in precious metals and other commodities. Right now, our forecast is for the Dollar to climb impulsively into mid-2017 or later, which should make it difficult for other currencies and precious metals to advance by much. Based on the Dollar Index's response to a recently tested...

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Profit From Sell-Off In the Yen

Profit From Sell-Off In the Yen

The Japanese Yen has fallen away from the higher resistance level that we noted for readers here in early April, near 0.009360. If price remains beneath that area, then the Yen should be on track to test or fall beneath the lows of 2015. Such a test could happen later this year, and it may happen again – with lower lows – sometime in 2017. If you have been following the progression of our...

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Profit In The FX Market From Brexit

Profit In The FX Market From Brexit

Many investors in the U.S. are focusing on the November elections, but we have another significant global political event in the next few weeks.   The European Union Referendum, which will be held in the United Kingdom on June 23, 2016 will affect world-wide markets, and especially, the currency markets.   Voters will be asked to vote to “Remain a member of the European Union” or “Leave the...

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