evanrizzo
Short

Dollar Index (NYSEARCA:UUP) Setting Up To Drop

AMEX:UUP   POWERSHARES DB USD INDEX BULLISH
487 0 0
Let's take a quick look at the US Dollar             and see what it is telling us about the markets right now. The Powershares DB             US Dollar Index             Bullish (NYSEARCA:UUP) has been on a tear the past 14 weeks. This has put pressure on many commodities including Gold             and Oil             . From the weekly chart below you can see that the Powershares DB             US Dollar Index             Bullish (NYSEARCA:UUP) is now trading into major resistance, indicating a pullback should occur shortly. This pullback in the dollar index             will give a lift to the Market Vectors Oil Services ETF             (NYSEARCA:OIH) and the Market Vectors Gold Miners ETF             (NYSEARCA:GDX).

At the Elite Round Table we will be taking positions to profit from the US Dollar             weakness and alerting our members live, exactly when we do so. Come and join us to get to get involved in the trading action!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out