INVESCO DB US DLR INDEX TR BULLISH FD ETF

NYSE ARCA & MKT

UUP

Great opportunity to sell the dollar before the July FOMC meeting where the Fed will begin the next rate cutting cycle. Since interest rates are the cost of money, as rates are cut the dollar will fall.

Nice breakout from that falling wedge.

Failed the wedge breakout here, and ugly top doji, closely watching.

Pullback, EMA sqeeze.

IMO, $GLD needs a pullback until I would play it. Until then I like plane old puts on this ETF to play the dovish Fed.

After the FED, the economic context and mainly the supports and resistance. UUP Short, on is the way to the next support. Good trading all!

This should move big one way or another, will be watching

Welcome to stagflation America, where GDP slows and inflation erodes purchasing power. I'm fairly confident US will start to cut rates as the govt will be unable to service the national debt on short term maturities, even with Fed funds rate at 2.5%. This nonsense of borrowing to consume discretionary goods is going to end, and dollar denominated assets are going...

Fed Actions = Increasing Dollar

Trying to figure out how they're going to melt this market up since I think that's where we're going. Powell is probably going to say something next week that's going to tank the dollar. Weaker dollar for more exports plus the China deal coming up. Watch the dollar guys, last time it tanked we went on a huge melt up in 2017.

Commodities vs US Dollar: As can be seen in in the chart above, when commodities are measured against the US Dollar, the price ratio (DBC/UUP) failed to move higher in recent sessions, and is struggling to re-test its 20-Day EMA (Green) and 50-Day EMA (Blue). See Commodities at a Crossroads? (Part 2) for our commentary

Sell target on the Invesco CurrencyShares US Dollar Index is $25.00. A trade idea is buy AUDUSD.

Does everything repeat in January? Looks like the dollar is headed down for he month as well. Would explain why oil is rising.

Will be watching to see if it breaks down further.

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Digital Gold (#Bitcoin) vs The Reigning Champ ($USD)! Ding, DING

Hi friends! Welcome to this update analysis on the US Dollar, via the UUP ETF. Looking at the daily chart, you can see that the UUP has been forming a strong looking inverted head and shoulders pattern, since July of 2017. The pattern is well defined, with a steep positively sloped neckline, signaling a powerful bullish formation. Today, the dollar gaped higher,...

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