UUP Monthly - Major moving average confluence for $DX_F ETF
Monthly 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.
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.