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
higher 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 shows strength on daily and so on weekly chart and currently bullish. That also reflects on Oil prices heading higher.
Here's a US Dollar / FX etf comparison chart. As you can see, currencies responded quickly right after the FOMC interest rate decision & FOMC press conference on 1/26 at 2-2:30pm. Every market responded obviously, and they're all interconnected, equity, bond, commodity, currency & crypto. In my opinion, what's happening underneath the surface between all the...
Idea for UUP (S2): - Fed moving rate hike expectations forward. - August Jackson Hole meeting will see the Fed begin 'talking about tapering' (even though they have been tapering for a while), why wait until then? Smart money will move before then. - Brazil hikes rates. EM's will first race to hike rates. - Fed and ECB will have to move by EOY. - Technical Double...
Long UUP shares for 12% of portfolio 2.2N frequency stop
I think we could see a pop and run triggered by short covering
With some of the recent tightening rhetoric and pressure on the indexes, it's not much of a surprise demand for dollars has been increasing. We have a pretty clear bullish wedge break followed by a double bottom. Give this one at least a month or two -- I feel 26 is within reach (distance on 'W' is around 24.15-25.15, so 26.15 would be the actual expectation)....
Chart of the dollar shows a Gartley pattern on the weekly time frame. ICL due in September, could time out.
Any one would care to share his experience on UUP ETF. This ETF offers exposure to a basket of currencies relative to the U.S. dollar, decreasing in value when the trade-weighted basket strengthens and increasing when the dollar appreciates. This fund could be appropriate for investors seeking to a fund that is inversely correlated to the broad stock market or...
UUP Testing to see if it can find new support at previous resistance after a prolonged breakout of a falling wedge. Now looks to be a good time to buy some cheap call options expiring within the next 1-3 months. This also seems like a good signal that being careful with trading FX pairs against the USD seems to be the right thing to do as the USD looks like it...
Since the begging of 2021, we have seen around a 2% rally for the $USD; however, there is clearly a downtrend that has to be broken before the bulls get in. The next level after breaking the upper channel line would be the 100sma, which has proven to be useful as a trend-following system.
There are compelling indicators that we are on a verge of a February 2021 market correction and the USD is expected to breakout due to investors moving from equities to bonds and USD. The VIX index and 10 year bond yield have increased significantly recently. 10-year Treasury note yield TMUBMUSD10Y, 1.149% booked its largest weekly rise since June. A rising USD is...