by Queen Cleopiptra | 3 years ago | 3:26 PM | 29 Nov 2010
The U.S. Dollar has continued to rally as the dollar bulls still seem to have plenty of gas in the tank. Despite today's pullback from the 81.20 level on the front-month contract of the U.S. Dollar Index, the uptrend is still intact across the 60 and 240-minute time frames. … More…
by Queen Cleopiptra | 3 years ago | 7:25 PM | 22 Nov 2010
It's Thanksgiving week - a holiday shortened week that is mainly going to effect the turnover in the U.S. but considering that the hours between 8:00am and Noon EST are typically the most volatile for dollar-correlated pairs, this is significant.… More…
by Queen Cleopiptra | 3 years ago | 3:35 PM | 21 Nov 2010
With all the questions surrounding the risk appetite and risk aversion seen with this week's volatility, it looks like indecision will have the final say as the week closes out. The U.S. Dollar has re-entered the range as the index has slid lower back below 79.00. This further confirms the likelihood for distribution on the daily time frame.… More…
by Queen Cleopiptra | 3 years ago | 9:39 PM | 16 Nov 2010
If yesterday's Dow Jones pullback could have been used as an indication to the risk aversion seen today, then I feel traders would have much more aggressively shorted the EUR/USD and the AUD/USD earlier in the day and as Europe and the U.K. opened.… More…
by Queen Cleopiptra | 3 years ago | 8:07 PM | 15 Nov 2010
I still feel like I am waiting - like last week - for the dollar to make up its mind. The move higher on the U.S. Dollar Index has found some momentum and near-term support above the October highs, but continuation would mean an uptrend and I'm not convinced that there is enought bullishness for that...yet.… More…
by Queen Cleopiptra | 3 years ago | 9:25 PM | 09 Nov 2010
The U.S. Dollar continues to bounce within an overall range between 78.61 and 75.23 with what I see as a definite bearish bias coming from the mark down phase which has yet to transition or be broken.… More…
by Queen Cleopiptra | 3 years ago | 5:11 PM | 05 Nov 2010
On the chart I use here at Chartology, you 'll notice that I have a particular set of moving averages and color-coded candles that help me identify the trend, momentum, and sentiment of the market. Market trends or phases is the first step of my trading approach which means that before I enter a trade I must determine the market's psychology which is revealed by its movement.… More…
by Queen Cleopiptra | 3 years ago | 6:58 PM | 01 Nov 2010
The week as far as I'm concerned will begin on Wednesday after the election results are in and traders can then determine what they want to do with equities and the dollar. in the meanwhile, with a RBA rate hike seemingly imminent, I also look at the aussie, the uptrend and why I still feel the daily is being bought a corrections lower.… More…