The rally from the lows of a year ago was an impulsive move up and then a labored series of higher highs and an as
Category: Currencies
Keep an Eye on Uncle Buck
The green dot shows where USD is projected to open this morning (95.55). In other words, it’s under control. No problem, the bounce is very
US Dollar Daily, Weekly & Monthly – 2 Different Inverted Heads & Shoulders, Sort Of
When I see funny things from chartists in the greater media, I’ll make fun of them here. But I will do so as a man
Uncle Buck 3 Ways; USD Daily, Weekly & Monthly
USD is one of the central themes around which global stocks, commodities and some US sectors will pivot. It is still playing the ‘above support
Uncle Buck Drops, ‘Anti-USD’ Trade Awaiting Green Light
Last week I covered my World (ACWX) short due to the possibility that USD would break down through 94 (support) as opposed to up though
USD; Over Bearish to Over Bullish & I Cover the World
Over the last year the public has gone from hating the USD to becoming very warm to it. From Sentimentrader here is the Public Opinion
Uncle Buck’s Bull Fund, UUP, 60 min. Chart H&S
With all due caveats about chart patterns, especially when they are presented in a day trader’s view (i.e. 60 min. or less time frame) here
Macro Tourist w/ a Nice Write Up About EM & USD
See Kevin Muir‘s… Emerging Market Contagion I am far from a currency expert and so reading this article helped put some definition to the hazy
Currencies: Big Picture
USD index found long-term lateral support as did its pairings with the usual suspects. We noted this support months ago and there is nothing surprising
USD CoT & Sentiment… and a Revision
USD was in a very good contrary sentiment position into late January, as the global anti-USD inflation trades ripped higher and USD dropped. It then
US Dollar
Now that Uncle Buck has done what we thought he might do and bounced from long-term support (see monthly chart at end of post) to
Updating USD’s Progress
With the tail wind of long-term interest rates conspicuously reaching our targets amid great fanfare… USD (UUP shown here) has finally caught a bid. Sooner
US Dollar, Short & Long-Term
On the short-term, USD (UUP shown here) is bouncing toward the 200 day moving average, and is still in a downtrend. On the monthly chart
Beware Uncle Buck
We have not checked in on the US dollar for a while, other than as part of last week’s monthly ‘big picture’ post showing Uncle