Tag Archive for: U.S. Dollar Index
Aussie Aussie Aussie Dollar
/by Peter BrandtThere are reasons to believe the Aussie Dollar has entered a prolonged bullish trend. The period from the Jan 2016 low to present is analogous to the period from Mar 2001 through Jan 2003. An idealized drawing of this pattern – called a “Horn” by Schabacker – is shown within the box on the top chart. [See Schabacker, Study VII.]
The chart shown below courtesy of Nautilus Capital exhibits a very strong cyclic pattern in the Aussie Dollar — and the cycles are calling for a low.
The daily chart of the Mar futures contract is also shown. Factor is currently flat and I have no desire to chase this current rally. But I will monitor the Australian Dollar chart for a measured-risk buying opportunity.
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