Update on currency trades
April bulletin from Trading On The Mark
British Pound futures and ETF (FXB) 2017-04-24
I think an inflection in the major dollar cross rates is sneaking up on us either this next month or in June. Note: FXB weekly chart added Late last year and early this year we have been looking for a fourth wave bounce to take place into approximately middle of this...Dollar Index 2017-04-17
The dollar is continuing lower in the short term as expected. The reaction to the next support zone should help clarify which of the short term patterns is active. If 99.84 to 99.48 holds, it argues for wave iv being complete and ready to start an advance into later...Dollar Index 2017-04-17
The dollar advance is certainly losing momentum but should rise into the end of the year. The question is how will that advance form and is still an open question. Either we just finished a wave iv or have a bit more of a retrace in a wave ii of an ending diagonal. I...Dollar Index and Dollar ETF (UUP) 2017-03-18
The dollar certainly can use a rest but think it unlikely the rise from 2016 is complete. There are two forms a consolidation can take, one being a triangle keeping the dollar in a relatively tight range for a couple months, and secondly, a deeper retracement that...Understanding the Dollar rally gives traders an edge
March 2017 bulletin from Trading On The Mark
Two upward paths for the U.S. Dollar
Here we examine the two most likely paths for the Dollar this year, and we’ll expand on the analysis in the next edition of our newsletter.
Yen futures and ETF (FXY) 2017-03-05
Yen had followed the expected path lower late last year. It now appears to be trying to work up the low late last year following an upswing in the dominant monthly cycle which should take the yen net higher over the next two to three months. Here we have the monthly...Video: narrating the decline in FXB, the British Pound ETF
In our latest video, Tom narrates the decline in the British Pound and related ETF, with special attention to scouting for further shorting opportunities some months ahead.
British Pound: The decline might pause for a few months
If you have been trading the decline in the British Pound, it may be time to take profits. We have been monitoring an expected five-wave structure down from the 2014 high in futures prices, and an important support level at 1.2120 appears to be holding.