by Chris Kimble | Jun 1, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE Almost 90-days ago the US Dollar was dealing with a 14-year resistance line that dated back to its all-time highs in 1985, around the 95 level. It pushed above this resistance line and closed just above the 100 level on the week ending...
by Chris Kimble | Jun 11, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE The Australian Dollar is often looked at as the “Risk On/Risk Off” currency. Back in 2008 the AU$ formed a bearish rising wedge which suggests a two-thirds chance of lower prices. Once the breakdown took place risk assets...
by Chris Kimble | May 15, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE The Japanese Yen (left chart above) created a multi-year flag pennant pattern, reflected by a series of higher lows and lower highs. Once traders broke the bottom of the pennant, sellers rushed in, creating one of the largest currency...
by Chris Kimble | Feb 27, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE From a portfolio construction standpoint, when the yield on the 10-year note and Australian Dollar decline in price, history has suggested to underweight allocations towards risk assets. Check out the price situation for both of these...
by Chris Kimble | Feb 6, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Many use the Australian $ as a tool to determine if they should over/under weight risk assets, since the AU$ has a decent track record of suggesting future movements in the S&P 500. The above chart reflects that SPY has taken a few pauses...
by Chris Kimble | Dec 21, 2012 | Kimble Charting
CLICK ON CHART TO ENLARGE The Australian $ has a decent track record per being a leading indicator for the S&P 500. Over the past few years, breakdowns in the AU$ has resulted in weakness by the S&P 500. This morning the AU$ is attempting to break...
by Chris Kimble | Dec 12, 2012 | Kimble Charting
CLICK ON CHART TO ENLARGE When the Euro-Dollar and Australian Dollar head higher, the majority of the time they impact risk assets in a positive way and put downward pressure on the U.S. Dollar. This morning the Euro-$ and AU$ are both attempting to break above...
by Chris Kimble | Nov 15, 2012 | Kimble Charting
CLICK ON CHART TO ENLARGE One of the better currency indicators for the “risk on/risk off” trade is the Aussie$. A falling AU$ usually results in falling stocks and commodities! It has been holding up well of late. Now it hit Fib resistance, at...
