Comments on: Unexpected US Dollar $USD Price Rally In 2010 – Potential Trap For Traders

By: US Dollar Monthly Price Chart Bearish Continuation Triangle Pattern

US Dollar Monthly Price Chart Bearish Continuation Triangle Pattern — Thu, 23 Sep 2010 01:47:30 +0000

[...] price chart on my public list… At the beginning of the year I cautioned to pay attention to a potential trap for US Dollar traders as the chart was displaying a divergence with the gold price. Gold was making new highs but the US$ [...]

By: Shanghai Index Displaying Continued Selling Pressure

Shanghai Index Displaying Continued Selling Pressure — Wed, 19 May 2010 01:42:43 +0000

[...] the other hand the daily candles of both the US Dollar and the Euro show potential signs of reversals. Both candles show long tails. Technically speaking [...]

By: US Dollar Short Term Bullish Ascending Triangle Pattern

US Dollar Short Term Bullish Ascending Triangle Pattern — Wed, 21 Apr 2010 23:43:14 +0000

[...] While I am at it another quick post about a development I noticed going through my watch list tonight. Lots of gold bugs think the US Dollar is doomed, is hitting huge resistance and is about to top out. Technically speaking though the US Dollar chart is displaying short-term strength. The chart pattern at hand looks like a bullish ascending triangle. Technicals favor odds of a break out to the upside as the trend leading into the pattern was up. In Technical Analysis the resumption of the trend leading into a price pattern is the outcome with the highest probability. Also keep in mind the US Dollar moving up would hurt lots of traders. Stay open-minded and factor in all possible outcomes. Especially the unexpected and most hated US Dollar scenarios. [...]

By: Technical Analysis Euro Versus US Dollar Price Charts – Euro Currency Bounce After ABC Correction

Sun, 07 Feb 2010 06:22:48 +0000

[...] in mind to be mentally prepared for unexpected US Dollar developments and vicious rallies. The markets have a tendency to trap the majority. Protect yourself in case your analysis is wrong [...]

By: US Dollar Rally – Counter Trend Bounce Price Targets + Resistance Levels

US Dollar Rally – Counter Trend Bounce Price Targets + Resistance Levels — Fri, 22 Jan 2010 05:20:59 +0000

[...] for developments that could hurt traders most. A worst case scenario for gold bugs would be a vicious US$ Dollar rally trapping traders. I am still in wait and see mode and am closely watching my two open positions I referred to as [...]

By: Market And Gold Trading Thoughts Going Into 2010

Market And Gold Trading Thoughts Going Into 2010 — Mon, 04 Jan 2010 08:46:15 +0000

[...] I posted my views about a possible scenario that could materialize with the US-Dollar. The point here is not to make predictions but to be mentally prepared and open for all possible [...]