Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Charts point to a May-June dollar rally trade ahead of us.

|Includes: DBA, DZZ, GLD, PowerShares DB USD Bull ETF (UUP)

The U.S. dollar was hammered this last week, as oil as well as gold enjoyed a nice inverse pop, It now appears Technically very clear to me that it is time to enter for a May-June deflation swing here.

 

UUP is an ETF which track's the performance of the US Dollar as compared to a basket of other currencies. Every time that stochastics of UUP have gone below 20, it has signaled a swing bottom for the dollar. We also have 3 higher lows on the MACD and well as RSI, signaling an uptrend of momentum.

UUP 6 month daily chart

Disclosure:

Short USO

Short GLD

Long DBA (hedge)