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MarkyMark
Site Admin
Joined: Sun Dec 21, 2008 10:46 am
Posts: 2290
Location: Brantford, Ontario, Canada
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 USD projection Just a quick and dirty analysis. No fundamentals included 
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Disclaimer - My comments herein should not be construed as advice or a prognostication of future activity in the financial markets. My comments herein solely reflect a discussion of possibilities with other non-professional speculators.
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| Sun Jan 31, 2010 5:58 pm |
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MarkyMark
Site Admin
Joined: Sun Dec 21, 2008 10:46 am
Posts: 2290
Location: Brantford, Ontario, Canada
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Re: USD projection
_________________
Disclaimer - My comments herein should not be construed as advice or a prognostication of future activity in the financial markets. My comments herein solely reflect a discussion of possibilities with other non-professional speculators.
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| Thu Apr 22, 2010 7:41 pm |
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jpmoy99
Moderator
Joined: Fri Dec 26, 2008 4:12 pm
Posts: 1094
Location: NYC
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Re: USD projection The current high we have on a daily chart remains untested. According to the Stochs and Point and Figure, we should expect the Dollar to come back and test June highs. Note also the lower end of the bollinger bands and 50 day MA for support.
A monthly or yearly chart would suggest that the Dollar could be putting in a multi-year bottoming formation which could see the Dollar overcome the Euro in value (see the point and figure chart for more details - back in 2001 the DXY was around 120 to reflect a sub-parity Euro/USD).
I have also included some commentary on the yen/usd as that also is a safe haven currency. The technicals for the yen are somewhat inconclusive although I'd hazard a bullish price movement because of overall macro-economic fundamentals. Note how the yen is coming close to its multi-year highs of 115. I'm looking to sell OTM call spreads when/if the yen touches 115 or higher (e.g. in the 117-120 range).
_________________
Disclaimer - My comments herein should not be construed as advice or a prognostication of future activity in the financial markets. My comments herein solely reflect a discussion of possibilities with other non-professional speculators.
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| Wed Jun 23, 2010 10:04 am |
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