• 556 days Will The ECB Continue To Hike Rates?
  • 556 days Forbes: Aramco Remains Largest Company In The Middle East
  • 558 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 958 days Could Crypto Overtake Traditional Investment?
  • 963 days Americans Still Quitting Jobs At Record Pace
  • 965 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 968 days Is The Dollar Too Strong?
  • 968 days Big Tech Disappoints Investors on Earnings Calls
  • 969 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 971 days China Is Quietly Trying To Distance Itself From Russia
  • 971 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 975 days Crypto Investors Won Big In 2021
  • 975 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 976 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 978 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 979 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 982 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 983 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 983 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 985 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

US Dollar Pattern Signals Caution For Risk On Assets

us-dollar-pattern-signals-caution-for-risk-on-assets

The US Dollar is doing a rope a dope, it has taken a real beating, it has yet to show it's hand!

Rope a dope.."The rope-a-dope is performed by a boxer assuming a protected stance (in Ali's classic pose, lying against the ropes which allows much of the punch's energy to be absorbed by the ropes' elasticity rather than the boxer's body) while allowing his opponent to hit him, providing only enough counter-attack to avoid the referee thinking the boxer is no longer able to continue and thus ending the match via technical knockout. The plan is to cause the opponent to 'punch himself out' and make mistakes which the boxer can then exploit in a counter-attack."..

The UUP is bearish as it is under the brown 1x1. However it is building a strong pattern. Chart watches must watch this chart, a break above the 1x1 would signal real problems for risk on assets. Are the US Dollar traders 'rope a dope' the world markets, watching and waiting?


Larger Image

 

Back to homepage

Leave a comment

Leave a comment