Loading ...USD at Resistance?
I only get USD feeds at EOD for Stock Charts but here is a chart of UUP showing Price is testing and bumping up against my 3 Year Cycle down trend line.
This should be strong resistance and breaking the line and moving up from here would indicate that May 2015 hosted a very early 3 Year Cycle Low which is not my expectation but I may well be wrong.
Time will tell. 😉
Added: EOD chart on the USD. Let us see what tomorrow brings.
Surf, from a different perspective I am looking at the weekly US$ index on netdania.com charts. I have downtrend line starting at the Nov. 2015 high. It then is touched by Jan. 2016 high, then touched july 2016 high and now again being touched today. So this in confirmation of your UUP chart. Ps. this is my 1st post here on Gold Tent! Yeah!!!
Thank you. Looking good for a reversal.