UDN ETF Loves And Profits From U.S. Dollar Weakness
UDN
-0.51%
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1:1
1:10
1:25
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DX
+0.58%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
The strength in the U.S. dollar currency along with treasury bond yields (interest rates) has been relentless all year. And this has pressured stocks and added volatility to the markets.
UDN Weekly Chart
With both King Dollar and interest rates easing, could this be bullish stocks and commodities (oil, gold, etc.)?
Today’s chart illustrates the price movement of the inverse US Dollar. More specifically, it is the Bearish US Dollar ETF (UDN) on a “weekly” basis. As you can see, a weaker dollar has this bearish dollar etf flying higher.
UDN created higher lows and a wedge pattern at (1) before breaking out big-time at (2).
This breakout should create many opportunities across the equities, bonds and commodities spaces. And perhaps take a little stress out the markets. We’ll see. Stay tuned!
