Sunday, December 13, 2009

A look at the best global currency ETFs

We computed the RSI values of all currency ETF and ETNs on the market, then sorted them by short and long time frames. Here they are:

Short term:





The two most oversold ETFs are XRU and CYB, the Ruble and Yuan. There are no overbought ETFs, but the most expensive ones, RSI-wise and with non-insignificant volume, are the double short Euro and the Mexican Peso.

Long term:



Note: we track all currency ETFs live as part of our live tracking sites.

Long term, the only oversold ETF is EUO, also a double short Euro. There are three overbought ETFs, ERO (long Euro), Swiss Franc, and Australian dollar. Interestingly, the currency that has appreciate the most this year, the Brazilian Rea,l is not near the most overbought ones.

For your convenience, here are the names of the ETFs and their average volumes:




You may receive technical analysis and alerts of these stocks, sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).

Please do your own due dilligence.

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