TheOmega

Analysis of Currency ETF's to Get an FX View

FX:USDCHF   U.S. Dollar/Swiss Franc
I like to look at currency ETF's to look for any clues into the FX market. I am looking at UUP             which is the Bullish USD Index and FXF which is the Swiss Franc Trust.

UUP             is losing momentum and remains stagnate in bearish territory. FXF is gaining momentum and looks to be gaining momentum upwards with no immediate near term obstacles to push it back. This is interesting because USDCHF             is stuck with a pretty wide well defined range. If UUP             and FXF continue their momentums, then this means USDCHF             will go lower breaking a few very important support levels. If this does happen, I can only imagine a landslide to the .87256 level or perhaps to .91700 near term goal.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out