Users: Danja Zown: UUP copy.png
Still bullish on the U.S. dollar. A "long/buy" signal has appeared on the MACD and the first stop on a breakout is $24.77.
Danja. Have a question. Your shorter term emas are below the longer term and moving down. Your channels are moving down. Price has recently broken below your horizontal support lines. Your steep downtrend dashed line has not been broken. Why are you bullish longer term from this chart? Thanks.
I'm not arguing for any large reversal. I share your sentiment too that the medium to long term trend is down, but near-term it feels like a lower high is going to be put in and the wedge hints a that.