We have now seen one more currency see its trend turn against the USD. The Euro has now made its first buy signal above the trend line against the US dollar since the beginning of the big decline in July of ‘08. You can see on the chart how it made a very strong attempt [...]
In recent blog posts we have shown you how the USDCAD, AUDUSD, and NZDUSD have all changed trends and now we have another currency showing strength against the US dollar. The Swiss Franc (CHF) has now broken the trend line and looks to strengthen against the USD.
Looking at the chart we can see that the [...]
The US Dollar is starting to see several of its trends changing. We have seen the AUDUSD and the NZDUSD charts both change trends and gain strength against the USD. Now we see the Canadian Dollar do the same thing as this week it has broken the trend line on the 1% point & figure [...]
The New Zealand dollar has seen a strong rally over the past 3 weeks from below .50 to above .58. This has caused some major changes on our 1% point and figure chart on the NZD/USD as it has broken through the trend line set back a year ago in March of 2008 when the [...]
This week saw a one of the largest and fastest falls ever in the USD. There are many fundamental reasons people will quote as the reason but that is not our focus. Our focus is only on the charts and what they tells us. Below we will be taking a look at all the major [...]
