weekend charting 17 - 19 september, page-77

i like comparison charts.

to better understand the uup
an example of the usd
i added some currencies one by one.


i have to change to a line chart for this.
thin black is uup
chocolate is the swissy usdchf

i used todays price as the point of reference.
in general very close. but i see something at the finish.



in the last drop the usdchf has put in a new low.
so i moved the point of reference back to the peak
to compare the drop. the uup is missing a leg.



to explain this i have to introduce the eurusd in red.
i would like to add usdeur but it is not available.
so it is a mirror to the uup.
blue dotted the same low/high held.



to add familiarity i added the audusd in blue.

the only thing supporting the uup is the eur.



i left the yen out of it. it's the wild card.
funny thing with them intervening is that they are selling
yen that they printed and getting top dollar for it too.
i'll have a look and see how messy it gets.