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Invesco DB USD Index Bullish Fund ETFInvesco DB USD Index Bullish Fund ETFInvesco DB USD Index Bullish Fund ETF

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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).
AMEX:UUPShort
by Ivory_Wolf
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.
AMEX:UUP
by JohnOtaran
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.
AMEX:UUPLong
by benjihyam
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
US Dollar / FX etf comparisonHere'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 markets is a rotation of capital to here or there plus the sidelines. I think things will settle down and find an equilibrium soon enough. UUP = US Dollar bull FXB = British Pound FXC = Canadian Dollar FXY = Japanese Yen FXF = Swiss Franc FXE = Euro FXA = Australian Dollar CYB = Chinese Yuan strategy Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
AMEX:UUP
by Options360