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$dx_f

UUP Monthly - Major moving average confluence for $DX_F ETFMonthly chart for the US Dollar index ETF is currently about to have a major crossover of the 10/20/50 MONTH moving averages. Currently they are basically on top of each other at the $22 level. Price is riding the upper monthly Bollinger Band and the bands are flaring away from each other which shows the strength in the move and tells of expanding volatility. The presumption shown from this chart is that the US Dollar will continue to show long term strength and until proven otherwise should be played from the long side against other currencies.
AMEX:UUPLong
by MaxxPayme
2
Euro completed major measured move and reacted to major TL test.Natural area for the EURUSD to consolidate and digest the recent major down move. H/S target achieved at 1.30158 and price bounced off major down trend line that has defined pivot areas of supply and demand since 2013 (dotted black line - see shaded circles for times that price has pivoted off of this line. Would not be surprised to see a counter trend covering rally develop soon to squeeze late to the party short sellers. Look to reset short sales at 1.3015 and ideally 1.32-1.3250 range
by MaxxPayme