Currencies

5 Trading Ideas For Bulls ($RTN, $CHKP, $MDT, $UPS, $BTCUSD)

At the end of every trading month I like to scan through monthly charts to gain some context about the general health of the market and to see what kind of stocks are setting up for longer term moves. It also helps me find some high probability trading ideas. The “Sell In May”…

Currency Spotlight: Did The USDJPY Bottom?

After months of trending higher, the Japanese Yen may be stalling. I wrote about this last month, specifically as it related to a potential USDJPY bottom. Today, I’d like to revise the USDJPY chart and provide an update. After watching the USDJPY rally off the 107 and change level, the…

US Dollar ETF (UUP) Set To Rally Off Yearly YS1 Pivot

The US Dollar has been major topic and theme for traders in 2016. Many questions are swirling around the recent decline in the buck and fallen the US Dollar ETF (UUP): Is this the start of deeper decline?  Or is this decline almost over? Well, we should get a better idea…

Monster Trading Setup: USDJPY May Be Near A Major Low

While the US Dollar Index has been in consolidation mode, the Japanese Yen has been showing strength. And this has played out over the past several months, with the USDJPY currency pair trading lower. But this intermediate-trend lower in the USDJPY may be coming to an end soon. And in…

Is The Euro Ready To Shake Up The Currency Complex?

I believe the US Dollar Index is coming close to completing a year long “flat” corrective move and will, over the coming, weeks beginning a move higher that will likely rocket to new highs. There, I said it. I have no idea what the fundamentals say, what Janet Yellen says, blah blah….

Is The Euro Currency Ready For A Break Out?

The Euro currency (EURUSD) has been in a downtrend since 2008. A struggling euro zone economy and deflationary concerns are the likely culprits. Several failed attempts at stimulus packages and the introduction of negative rates have gone largely unnoticed (from a macro viewpoint). All in all, the world hasn’t had much…

Has The Reflation Trade Turned A Bullish Corner For Stocks?

The reflation trade is also known as the weak-dollar trade; both refer to leadership from assets that tend to perform well during periods of rising inflation expectations and/or a weakening U.S. dollar. Reflation is also used to categorize the early stages of economic improvement after a period of weakness or…

USDJPY Chart Update: Dollar Yen Ready To Move Again

A couple weeks ago, I did an in depth look at the USDJPY chart over the near, intermediate, and longer term. We also looked at the potential for resistance in and around the 115-116 area not he US dollar vs Japanese Yen. You can read that post here. Well, some time…

Why A US Dollar Rally May Be Brewing

When we last wrote about the PowerShares U.S. Dollar fund (symbol UUP), it was working through the final stages of what we believe was a fourth-wave correction – one that had persisted for almost a year. Although the last leg of the correction did not venture quite as low as…