Our Warning

A few weeks back we issued a warning to watch the USD here

If you read that post we said the USD is on a massive breakout run, and that did infact happen.

If you remember we did sound the alarm bells, and told traders to stay on the toes, as this was a warning sign for the markers.

Now since then look what happen here.....


To The USD

To The RUSSELL










To the S&P 500




It seemed we were spot on and hope traders were able to take note and profit.




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USD chart - Pennant Pattern

USD chart - Pennant Pattern

Since the start of March 2013 the USD has not really done much at all. However now we are at the end of market, you can see that both the buyers and sellers have been squeezed and this is now a pennant pattern.

Eventually this will have to breakout to the upside or down below on the downside.

The rules with pennants state they will break the direction of the price action that precedes them. So in this case, it is most likely the USD price will break to the upside, past 23 and head higher.

pennant pattern

If this is indeed a pennant and the USD is inside a pennant as drawn above, the USD should rise, and the market will come into trouble. Right now things are still in limbo no doubt. 

The only downdraw to all this, is that pennants can last for days, weeks or months, however this pennant looks to be a good one, and we will continue to monitor the currency market after the EASTER break.

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strength of us dollar - the strength of us dollar is telling

strength of us dollar - the strength of us dollar is telling

Looking at the chart below, the strength of us dollar not only important,  the strength of us dollar is very telling.

As you can see at the top of the chart, the NASDAQ has really not done much the last few months. It has merely been trapped in a range. The nasdaq hit the top resistance line and now seems to be retreating a bit, however it has not really picked a direction.

The USD chart below has gone from strength to strength!, as it continue to stay within its upwards channel and put pressure on the leader of the market. It seems that money is coming out of stocks and equities and starting to go into the USD and other assets as we have explained recently. Will this continue?

strength of us dollar 

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