The US Dollar Index has been on an absolute rip lately and reaching parity with the Euro. This is about to change with more and more people talking about it. Looking at UDN which is a bearish ETF of the US Dollar going back to 2015, we're approaching the lower rail of this downtrend.
There have been many ups and downs, and I believe there's going to be a shift....
dollar bear fund at interesting juncture. Maybe trafers finally waited till election resolved, does not make sense for the dollar to rise but not much amde sense this year
This money printing has started a devaluation trend that is barely getting started IMHO. One day your look at your adult children as say "this trend started when you were little". I can't help but chuckle even though I know it's not funny.
breaking out-above key ma see in our book on amazon- in weekly cloud-macd crossed-top level cci and present r-stoc crossed-metals are strong-fed in quandry-if dollar stumbles lean toward recession
If UUP is getting weaker, then the inverse, UDN, should be getting stronger. The time cycle on this chart is daily. In part One I said UUP was weak. To determine the STRENGTH in UDN (the short for the USD). Here they are, "Don's Top Ten Technicals": 1. The Ichimoku Cloud is reversing. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red...
