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.
LongIn-depth trading ideas
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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 been many ups and downs, and I believe there's going to be a shift. I don't know what it's going to be, but I can see the US Dollar start to devalue against other currencies, and taking the US Dollar index with it.
UDN is a good ETF to play for this in my opinion. A move below roughly $17.50 would invalidate my idea here.
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dollardollar bear fund at interesting juncture. Maybe trafers finally waited till election resolved, does not make sense for the dollar to rise but not much amde sense this year
This is only the beginning!This money printing has started a devaluation trend that is barely getting started IMHO. One day your look at your adult children as say "this trend started when you were little". I can't help but chuckle even though I know it's not funny.
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$UDN let's see what happens here.will be interesting to watch here, could go either way, i'm leaning towards a bounce.
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$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.
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UDN weekly chart possible 5 drives bear?heading down to 20.61 as people are buying USD due EU unstability
inverse etf on dollar lousy data on gdp-retail sales-etcbreaking out-above key ma see in our book on amazon- in weekly cloud-macd crossed-top level cci and present r-stoc crossed-metals are strong-fed in quandry-if dollar stumbles lean toward recession
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U.S. Dollar Index Short (UDN): Part 2 Of 2If UUP is getting weaker, then the inverse, UDN, should be getting stronger. The time cycle on this chart is daily. In part One I said UUP was weak. To determine the STRENGTH in UDN (the short for the USD). Here they are, "Don's Top Ten Technicals": 1. The Ichimoku Cloud is reversing. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and now above the cloud. 6. The indicator on the top of the page is RSI / Stochastic, and this is strong. 7. The top middle indicator is vortex and it is extremely strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock, and this is extremely strong. 9. The green fractal arrows are up. 10. Look to the far right on the chart, around $22.20. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "widely separated jaws of a feeding alligator". This is a very positive indication because the alligator is FEEDING in the uptrend. UDN is RISING, and I believe it will continue to do so until the confluence of technicals tells me differently. As Mark Twain said: “Don't use a five-dollar word when a fifty-cent word will do.”. I guess that's why I use charts. I hope this has been helpful, entertaining, and informative. Yours for better trading, Don.
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