UUPDollar just broke through the 200. Someone has stepped in and is buying the debt like there is no tomorrow. (Central Banks and FED) This is also why the 10 year is dropping like flies on a bad winter day.
UUP trade ideas
Bearish potential detected for UUP & DXY (ie --> USD weakness)Following US dollar strength looking at DXY during the final hour of trade this morning on the US markets, both DXY and UUP represent a potential bearish opportunity should momentum continue and lower highs and lower lows be made past the current position, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the high of the chart formation on 03-Oct (i.e.: above the high of $30.07 for UUP and $107.348 for DXY).
US $ set to decline to below 27 in Uup Dxy to 93The chart posted is coming to the end of the up cycle to end wave C up for WAVE B TOP the US $ should now breakdown to into lows into a major cycle low due mid march below 27in uup and in the dxy we are going to see a print of 93 into this next
Using ETFs TLT, HYG, UUP, BITO for daily flavor of sentimentTLT (iShares 20+ Year Treasury Bond ETF)
Risk-Off Indicator: When investors are skittish, they often flock to the safety of long-term U.S. Treasury bonds, pushing the price of TLT up. A rising TLT often signals decreasing risk appetite.
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Risk-On Indicator: High-yield bonds are riskier assets. When HYG is up, it often means investors are willing to take on more risk, signaling a "risk-on" environment.
UUP (Invesco DB US Dollar Index Bullish Fund)
Mixed Signals: A rising UUP can either indicate a "risk-off" sentiment where capital is flowing into the safe-haven currency, or it might just reflect strong U.S. economic data. Context is crucial here.
BITO (ProShares Bitcoin Strategy ETF)
Speculative Indicator: Given Bitcoin's volatile nature, a rising BITO might signal that investors are in a speculative mood, although its newer status as an asset class makes it a less reliable indicator.
The dollar looks bullishI really don't think the dollar is going lower here. We've largely been moving sideway for the past 6 months consolidating.
You'll see on the chart that price action in January fell below key support. Then after that we rallied and tested the 200 DMA 3 times and have also retested support 3 times and haven't broken through. Now that price action is well above support, I think the next big move is up through the 200DMA.
The only way the dollar is going lower is if it breaks that key support. And I think we need to see a higher dollar before that support is broken.
I bought a lot of $30 UUP calls for September to express this view.
King Dollar trying to wake up after a 10% correction from highsThe Dollar has been in a steady decline since topping out in October, however, the looks of that decline could be finally turning.
Bulls are trying to show some signs of life down here to kick off the new year.
Currently holding a long position for a trade looking for higher.
Dollar to the upsideThere is a lot of conviction in this dollar trade via UUP and we still believe that once companies start reporting in the next quarter we will see the true nature of this bear market. Hold UUP as a key core foundational position with this ratio.
UUP Dollar Index getting closer to resistance levels UUP hitting upper trendline in parallel channel (yellow) and also nearing longer term resistance trendline (red). Expect pull back in UUP to 29.5 levels soon
Long the US Dollar Again pertaining to the Macro environment, it is a good idea to be on the long dollar side of things.
More importantly is the set up based on the long duration. The Reward Risk on this one is not the best but that's because this will be one of the long term foundational holds.
Keep in tune for our instructions on moving the stop loss to a more favorable position once this market starts to move our way.
Trimming profits in the dollarDollar pulled back into that $29.50 zone of support and more importantly, the 10-week ema.
That gave us a "bend don't break" reaction as it ultimately held as support. Now rotation higher, I'm looking at a trim in the $30.40 to $30.50 area.
That lets us move to a B/E stop (or higher) and turn our attention to $30.50+ to see if the UUP can gain momentum.
Cheers
RSI (14) Divergence in the Dollar?Do we see a negative divergence in the dollar to the 14 RSI?? Have been listening for weeks that China and the Emerging Markets will rise on the 'weakening Dollar! Are we at a point to see if this will play out?
Watch for $UUP reversal; possible lower high todayNeeds to break down below 29.6 to confirm change momentum and confirm a lower high which it may have put in today
Dolla Dolla Bill Y'allI think a pullback in the dollar is imminent. It has been a perfect storm in the geopolitical world with inflation, talks of war, tough financial decisions by countries that will likely have a long-lasting effect on their financial futures. Now unless the world really goes to crap and financial systems collapse in the next week, I am unsure how much higher the dollar can go for now. As you can see UUP the Dollar Index has aggressively broken out of its channel with multiple gaps up on the daily. The repeating pattern I see is big up then a smooth woosh down into accumulation. I'm not much of an RSI guy but the pattern is once it gets overbought you can see what happens. Now I don't think the dollar will collapse yet but definitely positioning for a pullback in the near term. This obviously would-be short term bullish for stocks and risk on assets. I definitely don't think this is the highest we will see on the dollar the worst is yet to come imo but nothing goes straight up without some pullbacks. All just my opinion not financial advice my friends.
Grossing up on UUPTime to re-gross UUP to a big position. Reasons?
At a key volume support level
Oversold indicators flashing
USD is down as SPY is up, but SPY is at level to take a full short position (see the previous idea)
Dollar built a double bottom , uup's bottom at 24.11 , neck lineDollar built a double bottom , uup's bottom at 24.11 , neck line at 25. It will trending to 27.
UUP dollar long Dollar has once again proved to be safe heaven.
FED will keep on increasing rates to break the inflation.
Long - UUP
Use trailing stop loss from 28
UUP short term momentum slowinghigher price, lower RSI and lower MACD. looks pretty tired to me, looking for 27.5 by end of the week. Playing w/ may20 28 puts.
UUP | BullishUUP shows strength on daily and so on weekly chart and currently bullish. That also reflects on Oil prices heading higher.
