Break below 25.65 putting focus on the 25.40, (50%) Fibonacci retracement of the 2016-2017 rally. An unexpected close above 25.65 will help to stabilise prices. Bear signal from 26.15 intact. Stop lowered to 25.71
UUP head and shoulders breakdown in progress. Hooray for commodities!
Selling pressure increasing. bear Signal at 26.15 deepening. Potential for a break below the 25.94 Fibonacci retracement and 25.93 low of 16 February. Bearish studies to limit any immediate bounce. Stop Loss lowered to 26.27.
Extending gains to test the 61.8% Fibonacci retracement at 26.38. Sentiment remains cautious, suggesting difficulty reaching congestion around 26.60. Bull signal from 26.29 intact.
Look for a test of 23.6% line ($26.32).
This is part two-the chart for-UUP. I believe the-US Dollar will show strength, thus, this is a negative for-XAUUSD. 1. The three top indicators are reversing to the upside. 2. Buy fractal. 3. Alligator appears to be opening in an up-trend. 4. Chop zone (under chart) has turned green. If you are long-XAUUSD-or-GDX, beware of-UUP strength. May all of your trades...
Hi Dollar Traders. See chart. Buying opportunity seems possible. safe trading
in addition potential bearish cross 3/15 ema
Support zone between 24-24.50
The retracement volume in UUP was weak. Looking for bullish volume to show up if it rallies up higher. If not, then we've got a problem.