With the 5 min UUP ($USD) chart looking like this, I'll be watching the EUR/USD pair pretty closely tonight
There has been 5 min 3C confirmation in UUP for weeks, this divergence, most of which was today, is peaked my interest.
Additionally, this little pattern that formed in the Euro after the market closed (a bullish ascending triangle-but small enough not to draw too much attention) is also interesting.
Is interest rates about to start going up?
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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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