Euro futures and Euro ETF 2017-07
The Euro moved up over first resist and now up against a deep retrace value and near a trend line. I am working with an ending diagonal for form. Depending on where wave (iv) ended gives solutions that call for one new low or two. Momentum divergences are forming...Euro futures and ETF 2017-06-17
Since the Dollar index is at an interesting juncture, it makes sense that the Euro would be as well. There is no change to the theme from the last time I posted the Euro charts, just minor changes to levels because of the adjustment for the past contract roll. The...Dollar Index 2017-06-11
The dollar has been dropping from the start of this year. Does that mark the dollar high? I think not but do think that the advance is slowing and therefore not expecting dramatic gains. The main scenario I am following is on of an ending diagonal where wave ii of the...Euro futures 2017-06-08
Just as I am skeptical that the US dollar has made the high, I think the Euro is near resistance that can take it back down. The Euro is near a .618 retrace of the last swing now along with other resistance. If they pop over this set, the .764 and down trend line are...Watch this area for a Dollar UUP bounce
This is the right area to watch for a bounce in the Dollar and the UUP fund. View the latest chart at See It Market.
Dollar Index 2017-05-17
The Dollar has been dropping but think it is too soon to declare the dollar rally up from the 2016 low to be over. Until the dollar is under 96.50, it is premature to think the rally up from the 2011 low is complete. This is the alternate count that I have been...Watching for a short in the Yen
The modest rally in the Yen that we predicted in our February post has advanced nicely. Now price is approaching the area we have been watching for a downward turn.
The British Pound rallied as expected. What’s next?
Last week’s spike in the British Pound caught some traders off guard, but if you have been following our posts at See It Market you were prepared for it.