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dorfmanmaster

US Dollar Still Downtrending

Invesco DB USD Index Bullish Fund ETF (AMEX:UUP)  
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AMEX:UUP   Invesco DB USD Index Bullish Fund ETF
Parallel Channel Trend Analysis Technical Indicators downtrend DJ FXCM Index currency interestrates eurodollar materials commoditytrading
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parallelchannel trendanalysis indicator downtrend usdollar currency interestrates eurodollar materials commoditytrading
Since the begging of 2021, we have seen around a 2% rally for the $USD; however, there is clearly a downtrend that has to be broken before the bulls get in.

The next level after breaking the upper channel line would be the 100sma, which has proven to be useful as a trend-following system.



Commentaire:
Currently breaking the 100sma on a friday.

The trend could be changing. Next week will be defining.
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