U.S. Dollar due to rally imminently. (UPDATED).

Recently TREND Technical Trader readers were advised of the imminent turn in the U.S. Dollar's trajectory.  

 

With luck, this alert may have come at the exact reversal point. 

 


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UUP, PowerShares DB US Dollar Bullish Fund, 3-year :

DRR, Market Vectors Double Short Euro ETN 2-year :

Both charts above show "descending bullish wedge" patterns and a current price at long-term support levels as marked by the horizontal green lines.

The speculative trades implied by these charts are obvious.

Note that a major reversal in the U.S. Dollar would almost certainly correspond with a major reversal in global stock markets, precious metals, and commodities.