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It's Time for the USD to Begin it's Next Bullish Wave

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Invesco DB USD Index Bullish Fund ETF (AMEX:UUP)  
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AMEX:UUP   Invesco DB USD Index Bullish Fund ETF
Trend Analysis Chart Patterns Technical Indicators calls options Falling Wedge weeklymarketsanalysis
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trendanalysis chartpattern indicator calls options fallingwedge weeklymarketsanalysis
UUP Testing to see if it can find new support at previous resistance after a prolonged breakout of a falling wedge. Now looks to be a good time to buy some cheap call options expiring within the next 1-3 months.

This also seems like a good signal that being careful with trading FX pairs against the USD seems to be the right thing to do as the USD looks like it may show new continued strength at any moment now.

Overall in the mid to long term the USD seems like it will be quite Bullish

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Penafian

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