Sunday, October 08, 2017

Currencies Putting In Descending Wedges And Bull Flags

Below is a list of a series of currencies almost all of which appear to be putting in bullish declining wedges or bull flags. The U.S. dollar ETF UUP coincidentally appears to be putting in a rising bearish flag. The medium-term picture and the general consensus in blogosphere is that the American dollar is beginning a long awaited rise, but not without an intermediate term dip first.

Emerging Markets Currency ETF: CEW

Chinese Yuan ETF: CYB

Australian Dollar ETF: FXA

Euro Zone ETF: FXE

U.S. Dollar ETF: UUP