US Dollar Showing Signs of Strength

By: readtheticker | Thu, Nov 3, 2011
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US Dollar Showing Signs of Strength

This chart will be making US Treasury nervous, after years of saying they want a strong dollar, it seems we are on the verge of more strength in the dollar.

Reviewing the US Dollar bullish etf UUP.

The latest sell down on large volume is losing its selling power (7 to 8) this is of course bullish as there is more buying going than any previous sell down. RTT Volume wave provides the visual to see what is going on within the price and volume waves, and it seams more highs for the US dollar can be expected. Watching each rally with interest.

Table summarizing the statistics between each number swing on the chart.

Start End High Low Change %Chg Cumulative Volume (Millions) Days
1 2 25.84 23.28 -2.56 -10% 26.3 9
3 4 24.22 22.28 -1.94 -8% 39.5 10
5 6 22.63 20.84 -1.79 -8% 31.8 11
7 8 22.62 21.07 -1.55 -7% 29.7 4

US Dollar Index

 


 

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Author: readtheticker

readtheticker
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