Loading ...$USD – Mixed Signals
The USD is doing it’s best to give mixed signals on future intermediate direction. In the weekly chart below, using UUP as a proxy, we observe that the USD has constructed a 4-pt Bullish Falling Flag, which could eventually be a half-way pattern to approximately a $30 target for UUP.
On the other hand – note that in the weekly chart above, the USD was stopped at trendline resistance, which may turn out to be the right shoulder formation of a bearish H&S pattern, as shown in the daily $USD chart below…
As expected – no clear signal yet on monthly 3-13 MAs…
Quality charts there RTV. Thanks
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