UDN Long @ 17.85 This will be a long term hedge I will be keeping. My accumulation range starts here. 1-week chart is also showing a potential crossover of the MACD.
Key stats
About Invesco DB USD Index Bearish ETF
Home page
Inception date
Feb 20, 2007
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
UDN is more of a bet against the dollar than a bet on any particular currency. It shorts USDX contracts, which means that it's shorting the US dollar and long six G10 currencies: the euro, Japanese yen, British pound, Swedish krona, Canadian dollar and Swiss franc. The USDX uses a fixed weighting scheme based on exchange rates in 1973 that heavily weights the euro. As a result, expect to see big moves in the fund in response to euro movements. Structured as a commodities pool, UDN distributes K-1s and is marked-to-market at year-end.
Classification
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund100.00%
USD - Reaching a turning pointThe US Dollar Index has been on an absolute rip lately and reaching parity with the Euro. This is about to change with more and more people talking about it. Looking at UDN which is a bearish ETF of the US Dollar going back to 2015, we're approaching the lower rail of this downtrend.
There have be
dollardollar bear fund at interesting juncture. Maybe trafers finally waited till election resolved, does not make sense for the dollar to rise but not much amde sense this year
This is only the beginning!This money printing has started a devaluation trend that is barely getting started IMHO. One day your look at your adult children as say "this trend started when you were little". I can't help but chuckle even though I know it's not funny.
$UDN let's see what happens here.will be interesting to watch here, could go either way, i'm leaning towards a bounce.
$UDN Looking for a pop with that double bottomIt has been grinding lower, looks to be in a consolidation for a pop with that double bottom as well.
UDN weekly chart possible 5 drives bear?heading down to 20.61 as people are buying USD due EU unstability
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.