Posts Tagged ‘Bearish’
Quote of the day: “It is hard to fight an enemy who has outposts in your head.” ~ Sally Kempton Good morning. The dollar pulled back across the board but remains bullish against some of its major counterparts such as EUR, GBP, AUD etc. Today’s Calendar is lighter if we don’t count the imminent end of the [...]
Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (4/13/2011) has tentatively resumed its bullish trend bias after pulling back to the 1.0400 price region, which is around the 61.8% Fibonacci retracement of the last major bullish trend run (from the recent 1.0287 low to the 1.0579 record high). This [...]
Price action on EUR/CHF (a daily chart of which is shown) as of Tuesday (4/12/2011) has respected key resistance around the 1.3200 price region and turned to the downside, essentially keeping the long-term downtrend that has been in place since late 2007 intact. For more technical analysis on this currency pair, please click here for [...]
Price action on EUR/USD (a daily chart of which is shown) as of Wednesday (3/30/2011) has continued its net bearish corrective stance that has been in place for about a week, since the 1.4247 high was reached early last week. This bearishness began as just a bearish correction within the context of a strong uptrend [...]
Price action on AUD/USD (a daily chart of which is shown) as of Wednesday (3/16/2011) has dropped down to approach its key support target in the 0.9800 price region before rebounding. This occurs on a breakdown below a triangle consolidation pattern extending from the long-term 1.0250 high. For more technical analysis on this currency pair, [...]
Price action on USD/JPY (a daily chart of which is shown) as of Tuesday (3/15/2011) has dropped substantially to breakdown decisively below a triangle consolidation pattern that has been in place since the 80.20 area low, which represents the 15-year low that was hit on the last day of October 2010. Price is currently very [...]
Price action on EUR/CHF (a daily chart of which is shown) as of Wednesday (2/23/2011) has dropped down to key support in the 1.2800 price region. This occurs after a key uptrend support line extending from the early January low was broken down in mid-February. For more technical analysis on this currency pair, please click [...]
In the next two videos (five minute each) I explain my continued bearish stance on the U.S. Dollar. I’m open and frank about my positions that are relying on continued weakness or at least a flat dollar and where I will change my opinion about the negative sentiment.
There’s been a lot of talk about why [...]
Price action on EUR/CHF (a daily chart of which is shown) as of Thursday (2/17/2011) has broken down below a key short-term uptrend support line extending from the early January low. This trendline breakdown occurs within the context of a long-term downtrend. For more technical analysis on this currency pair, please click here for Thursday’s [...]
Price action on GBP/USD (a daily chart of which is shown) as of Tuesday (2/08/2011) has dropped off considerably to approach the key 1.6000 psychological support level. This occurs within the context of an uptrend that has been in place since the beginning of the year. For more technical analysis on this currency pair, please [...]
