Tag: currency trading

Japanese Yen (FXY) Nearing Major Elliott Wave Low

If you took advantage of our bearish forecast for the Japanese Yen last summer, it's time to start thinking about how to take profits. The recent...

If Australian Dollar Breaks Out, Commodities May Scream Higher!

Over the past 11 years, the Australian Dollar has been in a downtrend. Today's chart highlights its falling channel marked by each (1). Could we...

US Dollar Rally Reaches Pivotal Long-Term Resistance!

Six years ago, the Economist magazine illustrated the mighty US Dollar. And that marked a peak that has since been tested but not broken out...

Best Potential Trade Setup Looking Ahead: FXE Euro Trust

As Forrest typically writes the Daily commentary, and quite well I might add, today please consider me a guest host to my own blog. As...

3 Times a Charm? U.S. Dollar Facing Breakout Test!

Over the past few decades, the U.S. Dollar has been weakening. Could this weakness be coming to an end? Today's long-term "monthly" chart highlights an important...

Bitcoin and Ethereum Bounce Ending as Elliott Wave Cycles Turn Lower

The US Dollar is trading higher this week as US bond yields continue to rise based on hawkish Federal Reserve policy. We see stocks in...

Is the Euro Currency Decline Over or Just Beginning?

The recent strengthening in the US Dollar is catching the eyes of traders and investors alike. King Dollar affects so many asset classes, including its...

US Dollar Index (Elliott Wave): Two Bullish Scenarios

When we last wrote about the U.S. Dollar in January 2021, we were expecting a sizable bounce. The bounce occurred from very near the support area...

Euro Currency Decline Could Hit Emerging Markets (EEM) Hard

The Euro currency is sliding and international markets are taking notice. Of course, this is coming as the US Dollar rallies... and all this means...

US Dollar Rally Nearing Important Inflection Point

The recent US Dollar Index rally is providing a headwind for commodities, while pushing other currencies down. Should the rally extend further, it may create...

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