Commodities vs US Dollar:
As can be seen in in the chart above, when commodities are measured against the US Dollar, the price ratio (DBC/UUP) failed to move higher in recent sessions, and is struggling to re-test its 20-Day EMA (Green) and 50-Day EMA (Blue).
See Commodities at a Crossroads? (Part 2) for our commentary
Hi friends! Welcome to this update analysis on the US Dollar, via the UUP ETF. Looking at the daily chart, you can see that the UUP has been forming a strong looking inverted head and shoulders pattern, since July of 2017. The pattern is well defined, with a steep positively sloped neckline, signaling a powerful bullish formation. Today, the dollar gaped higher,...
Looking for US dollar to roll over from highs could be an area of pull back for the $UUP
product. Does not move a lot in the day so look for options in it for a greater return than buying shares outright. The longer dated expiration does not have a lot of volatility in them so if considering an option trade the first pop you get in premium and you may want to...
Anomalies abound as dollar hits significant overhead resistance. Powell testimony ends up being the buy the rumor sell the news event. Keep it simple, look up and failing in face of what should be bullish info and testimony. Watch the reaction..UUP short from 25.10-25-15 nice set up
Monthly indicators show that the long-term dollar bear may come back alive in May, June or July.
See "Hello Asia; Goodbye West: The Asian Consumer & Global Powershift in the links below for some fundamental information and outlook for the US dollar.
The chart suggests dollar is bottoming short term. I would accumulate at this level with a stop around $23. A strengthened dollar in the second half of the year would indicate a stronger economy, higher rate and stronger stock market driven by higher earnings/profits.