US Dollar Breakout

By | October 26, 2015

The PowerShares US Dollar Index Bullish Fund (UUP) is breaking out of a bullish triangle pattern on its weekly chart. The relative strength index and MacD are turning up and are above their centerlines, suggesting improving positive price momentum. The accumulation/distribution line is above its 21 period signal line and Chaikin money flow, a 21 period average of the A/D line is above its centerline, indications of improving positive money flow. A successful breakout projects to new highs.

99947.UUPchart

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