Sat, Apr 19, 2014, 10:16 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

PowerShares DB US Dollar Index Bearish (UDN) Message Board

  • keybotthequant keybotthequant Sep 5, 2011 6:17 PM Flag

    USD Dollar Index Weekly and Daily Charts

    Weekly Chart:

    We will find out if this multi-month sideways basing move finally plays out. Falling wedges lead the way for upside. Note how price just printed above the 20 MA, these are the types of bullish developements you monitor as a technician. Watch to see if the RSI moves above the 50% level which is a bullish signal.

    Projection is upside for the dollar moving forward. As the dollar moves up, this will place pressure on oil and commodities and provide testimony to a weakening global recovery. Dollar strength will also lead to Chairman Bernanke announcing QE3. Targets ahead are 75 and 76, and higher. Study that 20 week MA and RSI 50% level closely this week.

    Daily Chart Inverted H&S:

    Watch for price to break out and above the inverted H&S neckline at 76 leading to 79. Chart is very constructive for the upside. Price now above the MA's, bullish. We see in the days ahead if the dollar is finally ready to make its upside move. Projections are 75, 76 and higher.

    For dollar charts use search box above for keystone speculator or view at stockcharts public charts keystone speculator.

 
UDN
27.15-0.01(-0.04%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Weibo Corporation
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT