New Project (5)

Are Precious Metals (and Tech Stocks) On The Precipice?

Precious metals are looking very interesting right now and I think both gold and silver are great shorts. There are also some ominous signs in NASDAQ tech stocks right now too. But before I delve into that part of my analysis, let’s start with the U.S. Dollar Index (USDI) because…
New Project (3)

What’s Hot (and What’s Not) Besides GBPNZD

What a profitable week we’ve had again here at The Pattern Trader! Before I get into a review of multiple currency pairs, let’s look at a current (and ongoing) winner so you can see just how powerful my pattern trading analysis can be. The GBPNZD (the British pound against the…
New Project (1)

GBP Shock: Is the Pound About to Turn?

In a moment I’m going to give you some in-depth analysis on what appears to be an emerging situation with the British pound (GBP). But first, I’ll cover some of the key points about the way I view and trade the markets so you understand why I think this could…
New Project

A New Currency King Emerges (Plus Bad News for Precious Metals Bulls)

Following a surge to a multi-year high last week, the US Dollar Index (USDI) reversed course at a critical inflection point on the historic 42-year charts. That inflection point is apparent on the long-term chart we see below with its successively lower highs. USDI is now at a significant resistance…
New Project (2)

A Tale of Two Dollars … And Precious Metals Too

Last week the US Dollar Index (USDI) surged to its highest level since May 2017 as greenback strength dominated currency price action.  So it seems the U.S. dollar is set to continue its advance against all other major currencies except one. It’s easy to make a bullish case for the…
New Project (1)

What’s Looking Good in This Weird “New Normal”

Before I get into the charts this week, there are three major events that have occurred in the financial markets that could have enormous implications for investors, savers, life insurance buyers, and pretty much everybody going forward. Not necessarily in order of importance: However, that optimism has been short-lived. In…
New Project

Spinning in Place: The FX (and Metals) August Conundrum

As I expressed last week, past experience has made me extremely wary of trading trend continuation moves in August. Seasonality during this period means low volume and consequently either low volatility (prices go nowhere) or high volatility (price moves prove to be nothing more than random market action). The frenetic…
Building Construction

Which Positions to Build During the Dog Days of August

Past experience has made me extremely wary of trading trend continuation moves in August. That’s because due to the holidays, liquidity dries up and we tend to get very range-bound trading activity. Prices chop and flop around and basically do nothing but slide sideways until the autumn. August is definitely…

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