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PowerShares DB US Dollar Bearish ETF Message Board

  • keybotthequant keybotthequant Mar 21, 2011 7:21 AM Flag

    Dollar Charts Looking Like a Bounce

    Time for the dollar bounce. Daily and weekly charts show positive divergence, while euro charts now show negative divergence.

    Dollar has slid lower, broke thru the lower rail of the sideways triangle at 77-ish and headed lower, but the positive divergence is in place now. Also, there is no strong down trend for this recent dollar move lower, unlike October-November when there was a strong downtrend in place.

    Euro leaders discussing measures to handle debt crisis this week, probably a Portugal bailout. Weaker euro=stronger dollar.

    UUP looks to bounce. UDN chart same look as euro so negative divergence is in place; UDN should receive the negative divergence spank down at any time.


    For dollar charts google 'keystone specualtor' or just as easy, view charts at 'stockcharts public charts list keystone speculator', the dollar charts are series #7015 and #7020.

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