Can the U.S. dollar rise without tapering?

Market Pulse for Nov. 13

Technicals

Looking at the daily chart you see that at this time the USD is in a strong uptrend with ADX at 41.2 and rising. Take notice here that DI+ is dropping now with price action that looks stuck under 81.500. So it is important now to keep an eye in DI Differential. Stochastics are in overbought territory. On the daily chart you can also see the green MTS signal generated by the Futures Strategizer at Trends in Futures on Oct. 29.

On the weekly chart you see ADX dropping reflecting the previous strong down trend is weakening. Stochastics on the weekly chart are mid-range and rising. And see the price action just below 81.500.

Have a prosperous trading week.

To read my market views daily you can follow me on Twitter at http://twitter.com/TrendsinFutures

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