I have to use UUP as usual because the dollar index does not have intraday charts.
Dollar divergences 10 min chart.
The dollar was extremely overbought so a correction is not very surprising.
I was asked earlier in an email about it, I answered I'm not too concerned as long as it holds around the 10-day m.a.
The yellow line is the 10-day m.a. This is the screen I use to avoid false m.a. whipsaws, with 3-4 components all having to be positive, all 4 are still positive.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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