Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

US Dollar Rolls Down

by June 16, 2023
June 16, 2023
US Dollar Rolls Down

The US Dollar ($USD) is one of the chart I look at regularly as a foreign investor, and this week saw USD give it up in a big way.

There are two trends in play here. The first is the trend of declining highs in price, with a support level around 100 to 101. The second is the rising trend of momentum on each low. Will the US Dollar bounce at the prior lows and turn the momentum back up near zero? Will the strength of the rising momentum on each low take precedent over the trend of lower highs and lower lows? This is an important chart globally, so the answers to these questions will prove vital.

The Canadian loonie ($CDW) is breaking out to the upside. Notice the bowtie cross of all the moving averages. This is typically a good sign for commodities.

One of the most important crosses in currency pairs is the Euro / US Dollar ($EURUSD). The Euro chart is almost the opposite of the US Dollar. Does this chart end up breaking out to the upside, or does it make a topping structure?

One other sign of a big global bull market is a move in the emerging market currencies, shown below with the chart of CEW. They broke out to one year highs this week.

I’ll be covering off ways to trade around these currency changes in the Osprey Strategic newsletter this weekend. You can check out everything we do from our Osprey Opportunities lists to the previous weekly videos and newsletters. Only $7 for a one-month trial!

Here is the link to this week’s Market Buzz. I had a different title – Is It Time For a Holiday? – but this one works too!

I recorded a video with one of Canada’s more widely known portfolio managers last week. Keith appears regularly on Canada’s Bloomberg News. Lots of big picture views. Valuetrend.

0
FacebookTwitterGoogle +Pinterest
previous post
New Jersey Gov. Murphy appoints 2 Democrats, 2 Republicans to election watchdog posts
next post
10 Largest Producers of Gold by Country (Updated 2023)

Related Posts

Why the NAAIM Exposure Index Matters to Your...

February 8, 2024

NVDA is Holding Strong: It’s Time to Think...

April 12, 2024

Snowflake and Twilio Stocks are Surging: Here’s What...

January 29, 2025

MEM TV: Capitulation Signals for a Market BOTTOM

April 20, 2024

A Very Accurate Sentiment Reading That Is Flashing...

February 19, 2024

Market Research and Analysis – Part 2: Using...

March 22, 2024

Stock Market Was Tentative This Week: S&P 500...

January 13, 2024

The Wisdom of Jesse Livermore, Part 8

June 21, 2023

Deep Dive Into Stop Losses, Volatility Hacks, and...

September 15, 2023

Sector Rotation: How to Spot It Early Using...

February 27, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

    • Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

    • Drill Contract Awarded for Elizabeth Hill. Technical Visit Completed to Define Drill Targets

    • $2.6M Placement and SPP to fast-track China entry and sales

    • NorthStar Gaming Announces Receipt of Management Cease Trade Order

    Categories

    • Business (1,183)
    • Investing (2,407)
    • Politics (3,699)
    • Stocks (1,553)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved