Sunday, March 29, 2009

Using ETF's for your Forex trading

I am watching two currency ETF's right now; CURRENCYSHARES SWISS FRN (PACF:FXF). Trade triangle for this Swiss Franc ETF is DOWN. (clicking on the charts give you clearer views):


and POWERSHARES DB USD BULL (PACF:UUP). Trade triangle for this Dollar ETF is UP:

So, if I make a trade and go long the US/CHF...the UP trade triangle issued, is a pretty good indicator, especially if I find some corresponding signals:


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