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UUP

Dollar meltup.All my other charts are pointing me to believe we see a meltdown in most assets until the end of the month. This would coincide perfectly with a dollar melt up during that same period. Unfortunately we all know the only thing that matters at this point is central bank policies, so the Nov 1-2 Fed meeting will likely be an inflection point if they pivot. If they do not, maybe another leg up to follow. We a clearly in a liquidity crisis, as all assets correlation has gone to 1.
TVC:DXY
by JackRichards1987
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.
AMEX:UUPShort
by EZmoney24
1
$DXY: Trend is up, hard to stop the advance...The Dollar offers a nice reward to risk entry as a continuation trade here. I'm long via FX pairs and a Dollar Index position. Eventually, it might take coordinated intervention to stop this advance, fundamentals are firmly in place for a continued trend in the Dollar against foreign currencies, given the limitations to affect the energy market and of monetary policy itself in the Euro area. Japan benefits from increased competitivity for their exports, and won't be able to stop the advance if they wished to do so on their own. Perhaps at some point we will get coordinated intervention similar to what transpired in 1985 with the Plaza Accord. The rally here in quarterly and yearly scale is potentially of huge scale, so I'll be ready to trade any continuation signal to the upside while the trend variables remain in place. Best of luck, Ivan Labrie.
TVC:DXYLong
by IvanLabrie
2
$DXY update, $UUP-RSI inverse H&S formation, looks to be gaining strength and passing test at 50 RSI -Downward trend (orange trendlines) was broken. Now DXY is trading in a parallel channel (white borderlines, gray centerline) and has been bouncing off the bottom like a pinball and then hanging around the midway point of the channel consistently. -MACD is curling up and crossing. -US economy is stronger than ever. Tapering and rate hikes are typically bullish for the dollar and tend to make it more appealing, hence stronger -Targeting 97 or so for a medium-term target, back towards a 100 in the long-run -This of course could be a headwind for emerging markets if it plays out One way to play this if you don't have a forex trading account is to use the ETF UUP. Full disclosure, I am in UUP calls but you can also just buy the ETF outright if you prefer that.
TVC:DXYLong
by EBITDAtiger
US DOLLAR/ Dollar dips on FED hike viewThe US DOLLAR has topped out and now beginning it correction. This is very bullish/positive for US Stocks for a new "potential" indication set up for them to breakout on a impulsive wave up. It had touched my previous forecast of 110 as my last target. Federal Reserve will take a more aggressive approach in hiking interest rates next week. Expectations for a 100 basis points rate hike by the Fed at its policy meeting next week stood at about 29%, according to CME's FedWatch Tool after reaching as high as 80% last week. The Fed seems to be leaning more towards 75 basis points than to 100 basis points," said Jim Barnes, director of fixed income at Bryn Mawr Trust. A strong start to the trading session for stocks on Wall Street fizzled out, however, as a drop in Apple Inc (AAPL) weighed following a Bloomberg report that the iPhone maker plans to slow hiring and spending growth next year in some units to cope with a potential economic downturn
TVC:DXYShort
by fintechwire
DXY Dollar index W-pattern melt-up may reach 113-120 after a w4DXY seems to be making sort of a W-pattern with double bottoms at 89 & double tops at 103. Last week it reached 108 almost touching the red upper downchannel (started from the 2002 120 levels) whose median was tested at 89. Dxy retraced & is resting at 107, the 1.272 Fib retracement of the 103 to 89 range if last week is a bulltrap (false BO from my yellow box), then DXY will break 103 & retest my green zone at the 100-97 range completing a wave 4 of 5 of III. The BULLISH CASE: DXY may just continue rising with rate hikes. & reach 112-113 zone near the FIB 1.618. Before doing a wave 4 correction. This will also be the zone where the upper blue upchannel will Intersect the 2014 trendline. After a wave 4, the final wave 5 of 5 of V may reach 120, the FIB 2.272 level which also happens to be the tops of 5Jul2001 & 28 Jan2002. Note: a dollar correction or consolidation will be good for emerging markets plus gold & commodities or even BTC which is prized in dollars.. A fast rising dollar will put pressure on future earnings of most high capped growth stocks whose earnings mostly come from outside the US. Not trading advice
TVC:DXYLong
by xtremerider8
King Dollar will become Emperor DollarVacation in Europe over the next few years will be cheap for the Americans. Those who say the us dollar is on the ropes aren't looking at a chart correctly, I guess. This C wave up will be one of the most important financial situations for 5-6 years. Monthly Slow Stochasitc is fully embedded bullish so betting against it is a fools errand in my opinion. C waves are like speed bullet trains, not a wise idea to park on their tracks. King Dollar? Emperor Dollar is more like it. All Hail!
TVC:DXYLong
by the_sunship
NQ CorrolariesThe Nasdaq 100 is closely correlating to a number of Instruments - LQD UUP (DX< DXY) and TLT. JNK to a lesser degree as well. TLT has served to be the better of these corollaries. ____________________________________________________________________________________ I am waiting for a capitulation even in TLT with 10-year yields reaching 3%+ to 3.265 as the potential High. This would serve to drive the 20 Year ETF to a flush down low while providing a similar washout for NQ. It would need to happen this week, perhaps earlier than later. TECH is the weaker component relative to the ES and YM, the RTY is trading on its own and leading the drive lower - although it may be consolidating in this tight range, a breakdown would imply 16x' below 1911. This would be very bearish and reduce the probability the Indices have put in a Sustained Low.
CME_MINI:NQ1!
by HK_L61