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.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out