Currencies

USDCAD Chart Setup: Bull Pennant May Lead Pair Higher

Sometimes the simplest charts show the best opportunities. No need for any momentum oscillators or other fancy tools here. Take the USDCAD chart for example. The USDCAD is a currency pair (U.S. Dollar and Canadian Dollar) which represents how many Canadian Loonies it takes to buy one dollar. The pair started…

Euro Falls Sharply: Waterfall Decline Nears Support

As the European Central Bank gets ready to start its version of QE on March 9, the Euro waterfall decline continues to unfold. In fact, the Euro is in free fall again this morning after the US Jobs report shows signs of life in the US economy, propelling the Dollar higher…

US Dollar Secular Bull Market Flexes, But Correction Near

The US Dollar secular bull market began in the second quarter of 2011. During 2012, 2013 and early 2014 the currency successfully tested the 200-week simple moving average (sma) on several occasions as the long-term moving average flattened after the 7-year bear market from 2001-2008. Since mid-2014, investors have seen…

US Dollar ETF (UUP) Nearing Upside Price Target

We believe that charting the U.S. Dollar gives active investors an edge in planning their forex trades, especially trades in EURUSD. This post highlights a trading opportunity that we are watching closely that might develop within the next few months. It is based on the analysis in our forthcoming eBook, which…

Global Equities Rise As Investor Fears Take A Back Seat

As we look around the globe, we are seeing stronger global equities markets that have benefitted from what investors perceive to be a safer playing field. And this has shown up in lower bonds and gold prices, and a falling Volatility Index (VIX). The net result: The S&P 500 is up nearly 6…

International ETFs Watchlist: Current Trends And Thoughts

The landscape of international investing has become more complex than ever, particularly for ETF investors. The reason for this is actually a good thing – there are now more choices than ever when it comes to varying country, regional, economic development, or currency exposure than ever. So there are a…

How The US Dollar May Impact US Equities: 4 Key Takeaways

What You REALLY Need To Know About The US Dollar… And How It Might Impact U.S. Equities Most active investors are aware of the near vertical move of the US Dollar Index over the past 7-months or so. Some investors might agree that the long-term RSI readings are at extremely…

Top Trading Links: Bulls, Bears, And Better Traders

The stock market grinded to new highs while pessimism rose. And that made for a bullish combination. For example, we see plenty of breadth divergences are creating doubt. Frankly, we can all see what we want to see in market breadth at this point. If you missed it, be sure…

Forex Trading Setups For Thursday February 12

Good morning traders. Here a quick recap of what I am seeing under the Forex trading umbrella. The Forex has been pretty messy of late. While the dollar based pairs remain trapped within a nasty 4th wave correction, clarity is unfolding. The overnight moves shed light on the likely completion of…