UUP trade ideas
UUP shortLooking for US dollar to roll over from highs could be an area of pull back for the $UUP
product. Does not move a lot in the day so look for options in it for a greater return than buying shares outright. The longer dated expiration does not have a lot of volatility in them so if considering an option trade the first pop you get in premium and you may want to consider taking profits.
'The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.'
Dollar is TOASTAnomalies abound as dollar hits significant overhead resistance. Powell testimony ends up being the buy the rumor sell the news event. Keep it simple, look up and failing in face of what should be bullish info and testimony. Watch the reaction..UUP short from 25.10-25-15 nice set up
Will the US Dollar Resume Its Long-term Bearish Trend?Monthly indicators show that the long-term dollar bear may come back alive in May, June or July.
See "Hello Asia; Goodbye West: The Asian Consumer & Global Powershift in the links below for some fundamental information and outlook for the US dollar.
UUP broke the weekly downtrend in a long timeUUP broke downtrend. That could be bad for gold and oil prices going forward if it continues.
UUP weekly - Dollar near bottomThe chart suggests dollar is bottoming short term. I would accumulate at this level with a stop around $23. A strengthened dollar in the second half of the year would indicate a stronger economy, higher rate and stronger stock market driven by higher earnings/profits.
Get Ready 4 A Weaker Dollar, As Bears Stalk The Greenback! (UUP)Hi friends! Today, we're going to take a look at the state of the US dollar, via the UUP ETF. Let's get right to it! Looking at the weekly chart, you can see that since about mid 2014, the dollar has greenback has been forming a big head and shoulders pattern. It isn't the cleanest looking head and shoulders pattern, but it's a head and shoulders nonetheless. You can see that a breakdown below the neckline has already occurred, but the dollar has been desperately trying to get back above, only to print a bear flag in the process. Since the dollar has printed this series of bearish patterns, I think that further downside is very likely. Don't forget, though, that this is a weekly chart. So, each candle represents a full week of trading. A real breakdown could take weeks or even months to play out. This is a longer term analysis, on where the dollar may be heading in the third and fourth quarters of the year.
Taking a closer look at the bear flag, you can see that the 20 EMA (in blue) is beginning to cross through it, and price has already found it to be resistive. Therefore, the 20 EMA could be the technical catalyst that causes the bear flag to break to the downside. From here, we need to watch the performance of UUP at the 20 EMA, and wait for a break to the downside. There is some support around 23.14, but below there, UUP could accelerate to the 78.6% retrace, or even lower. There's actually a gap fill at 22.04, and the downside projection of the bear flag (black dashes) takes UUP directly to that level. With that said, if we do see a substantial breakdown of the dollar, the 22 handle would be my target. There is a small bullish divergence on the MACD, but given plethora of bearish patterns, it's fair to say that they trump the divergence.
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.***
-Magic loves you-
-JD-
ETF DOLLAR INDEX UP TREND hi, the ETF DOLLAR index seems to gain some "power" lately and my opinion it's gonna continue for a couple of months ahead. form the boginning of 2017 the trend is clearly DOWN and on the weekly chart it's more clear for this trend and ad you can see there are 5 waves till the beginning of 2018, the last wave (5) it's with positive divergence (MACD) which indicates that exhaustion for this formation it's gonna end . if it won't break this low the trend up can be till 24.75 where the 0.5 fibo located (between 0.32 to 0.68) also consider that on the way it's gonna test the MA 200 (EMA) (now 24.38) if break it'll go higher to the level i've mentioned
according to time calculate with fibo as well i assume it's somewhere on dec 2018 (consider that the fed says it's gonna rais interest 3 times this year, or maybe not depend on the economy and how the stock marker react) .
good trading and know your levels .
ben .
UUP Waiting For Hull MA To ConfirmUUP New Number Waiting For Hull MA To Confirm Direction
Color Magenta
Number 1
UUP secure low..oversold bounce...then fail? too fast too furious...which idiots were shorting dollar on the hedalines at the lows...dumb money..now they get purged before lower
UUP is in a potential head and shouldersRecently, UUP retested the 24 area for several days and is now heading back down again. Looks like we could have more room to go.
