Replies to post #47635 on Options Wonderland

[dalcindo]

Re: USD - Favoring decline, IMHO:

My two cents - Expecting USD to weaken. All IMHO:

1 - UUP outpaced by UDN (first chart below)
2 - USD at significant resistance (Chart #2)
3 - USD's RSI under selling pressure (Chart #3)
4 - UDN's RSI remains in bullish range (chart #4)
5 - UUP remains under bearish pressure (chart#5)
6 - XEU:USD (relative strength)'s RSI remains in bulish range (chart #6)
7 - XEU's RSI remains bullish; testing bearish channel upper border (chart #7)

Overall - Charts favor weakening of USD - NOT to say that the USD WILL fail, but that the charts are hinting at a higher probability of USD to decline, especially considering the relative strength charts of XEU vs. USD and the corresponding fund: UUP vs. UDN:



















D.

[3xBuBu]

$USD is struggling to break
that 80 mark