Domistock Tools Used:
Assets charted: S&P Bank SPDR (KBE)
The dollar might be falling but DomiStock thinks this is just a correction since dollar is a “Winner” and its price right now is deflated, making it a strong candidate for the “Long the Deflated Winner” strategy. That said DomiStock has captured dollar’s uptrend nicely by providing a 39-day upward dominant signal (which is now on a hedge mode) and now sees an opportunity to add to the long position or to open a new long position.
Last but not least, despite recent weakness, DomiStock’s Expert Advisor forecasts further uptrend for the dollar.