How to trade Invesco Db Us Dollar Index $UDN With Risk Controls


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Review the UDN Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 0 0 21.17
P2 21.69 21.65 21.58
P3 0 21.96

Long Term Trading Plans for UDN

January 24, 2021, 5:30 pm ET

The Technical Summary and Trading Plans for UDN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this UDN Report.

UDN - (Long) Support Plan

The technical summary data tells us to buy UDN near 21.58 with an upside target of 21.96. This data also tells us to set a stop loss @ 21.52 to protect against excessive loss in case the stock begins to move against the trade. 21.58 is the first level of support below 21.7 , and by rule, any test of support is a buy signal. In this case, support 21.58 is being tested, a buy signal would exist.

UDN - (Short) Resistance Plan

The technical summary data is suggesting a short of UDN as it gets near 21.96 with a downside target of 21.58. We should have a stop loss in place at 22.02though. 21.96 is the first level of resistance above 21.7, and by rule, any test of resistance is a short signal. In this case, if resistance 21.96 is being tested, a short signal would exist.


UDN Long Term Analysis for January 24 2021

Swing Trading Plans for UDN

January 24, 2021, 5:30 pm ET

The Technical Summary and Trading Plans for UDN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this UDN Report.

UDN - (Long) Support Plan

If n/a begins to break higher, the technical summary data tells us to buy UDN just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 21.7, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

UDN - (Short) Resistance Plan

The technical summary data is suggesting a short of UDN if it tests n/a with a downside target of 21.65. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


UDN Swing Trading Analysis for January 24 2021

Day Trading Plans for UDN

January 24, 2021, 5:30 pm ET

The Technical Summary and Trading Plans for UDN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this UDN Report.

UDN - (Long) Support Plan

If 21.96 begins to break higher, the technical summary data tells us to buy UDN just over 21.96, with an upside target of n/a. The data also tells us to set a stop loss @ 21.91 in case the stock turns against the trade. 21.96 is the first level of resistance above 21.7, and by rule, any break above resistance is a buy signal. In this case, 21.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

UDN - (Short) Resistance Plan

The technical summary data is suggesting a short of UDN if it tests 21.96 with a downside target of 21.69. We should have a stop loss in place at 22.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 21.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


UDN Day Trading Analysis for January 24 2021


UDN Dividend Chart for January 24 2021

UDN PE chart for January 24 2021

UDN PEG chart for January 24 2021

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