$UUP short , lowering int rates = no faithJudge for yourself. just my thoughts and search for the tendies
UUP trade ideas
Corona fear plus rates flat lining, following the indicatorsJudge for yourself, but it looks like the right move in my eyes. March $26 puts
$UUP More buy volume, and broke back above the trend line.Watching closely here to see if it fails, or resumes it's upward trend.
$UUP US Dollar ETF strong sell verdictAMEX:UUP TVC:DXY
As FED ramps up liquidity injection via Bond purchases. My verdict is the added liquidity will be a drag on USD.
The fall will gain momentum as unhedged foreign bond investors need to close out positions and repatriate out of the US.
$UUP Broke through another wedge here, looks bullish.The U.S. dollar looks to be breaking out again here, buying into the breakout also.
Short USDGreat 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.
$UUP not looking to good, falling star on top.Failed the wedge breakout here, and ugly top doji, closely watching.
UUP Short, on is way to next support.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!
Good-bye USDWelcome 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 to implode. The bulk of the move will be seen in Q2/Q3 of 2019, as the US will have to comp the fully loaded base effects of Q2 & Q3 2018. Enjoy.
Bearish Divergence, Dovish FedIMO, $GLD needs a pullback until I would play it. Until then I like plane old puts on this ETF to play the dovish Fed.
$UUP rose above the possible H&S, looking at a big move comingThis should move big one way or another, will be watching
Dollar TankTrying 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.
UUP - US Dollar Index Trade Ideas to $25.00Sell target on the Invesco CurrencyShares US Dollar Index is $25.00. A trade idea is buy AUDUSD.
Dollar DownDoes everything repeat in January? Looks like the dollar is headed down for he month as well. Would explain why oil is rising.
Digital Gold (#Bitcoin) vs The Reigning Champ ($USD)! Ding, DINGDigital Gold (#Bitcoin) vs The Reigning Champ ($USD)! Ding, DING
Is Dollar Strength Suppressing Crypto!? Let's Take A Look! (UUP)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, causing the UUP to breakout above the inverse neckline — closing near the highs of the day. If we see some continuation tomorrow, I believe that UUP could continue to surge higher, toward the $26.16 level. Above that, we have a pivot high at $26.42, which should provide some solid resistance.
Despite the fact that we appear to be breaking out of the inverse head and shoulders pattern, there is an undeniable bearish divergence on the MACD. Furthermore, today's breakout gap was on pitiful volume. So, it wouldn't surprise me if UUP rolled back over in the near future. Yes, the inverse looks beautiful, but it isn't really supported by the underlying technicals.
The dollar strength has a lot to do with the decline in oil, gold, and other markets as well. Arguably, it could be having an effect on the suppression of the cryptocurrency markets. You know, a "stronger dollar buys more crypto, but more crypto buys less strong dollars" kind-of-thing. That may be especially true right now, given the remarkably low volatility in the cryptocurrency markets right now. With that said, I have BTC in blue on the chart. There appears to be a bit of a correlation, between the price of Bitcoin, and the price of the dollar. You can see that as the dollar has been moving higher, Bitcoin has been falling. However, there is also a period on the chart (into and after the BTC all time high) where Bitcoin appeared to be trading in tandem with the dollar. However, I think that could be chalked up to extreme volatility in BTC. Prior to that period, BTC and the dollar again were trading opposite of each other, when Bitcoin was in a low volatility period. So, perhaps we can deduce that Bitcoin and the dollar trade in tandem during high volatility crypto cycles, but trade opposite in low volatility crypto cycles. Regardless, I will be watching to see what this bad boy does, in order to gauge my trading activity in other markets. If the dollar drops from here, that could signal some bullish trades elsewhere, possibly even in crypto.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
