(UUP) Invesco DB US Dollar Index - Ratings and Ratios

The Invesco DB US Dollar Index Bullish Fund (UUP) is an ETF designed to track the performance of the US Dollar Index (DX) through futures contracts. The fund aims to reflect the price changes of the DX Contract, which measures the value of the US dollar relative to a basket of six major currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. By holding long positions in these futures contracts, the fund seeks to capitalize on dollar strength. The index is computed to reflect both positive and negative market movements over time.

UUP is listed on the NYSE ARCA under the ticker symbol UUP and falls under the Trading--Miscellaneous ETF category. As of the latest data, the fund has an AUM of $385.87M, indicating moderate scale. The ETF currently trades at $29.26, with a 20-day average volume of 1,093,208 shares, reflecting consistent liquidity. Technically, the fund is trading near its short-term moving averages, with the 20-day SMA at $29.28 and the 50-day SMA at $29.34, while the 200-day SMA stands at $28.06, suggesting recent bullish momentum. The ATR of 0.17 highlights relatively low volatility in recent trading sessions.

3-Month Forecast: Based on the provided data, UUP is expected to maintain a trading range between $28.50 and $30.00 over the next three months. The funds price is currently hovering near its 20-day and 50-day SMAs, indicating a potential period of consolidation. The low ATR of 0.17 suggests that volatility will remain subdued, leading to tight price fluctuations. If the fund breaks above the 20-day SMA, it could test resistance at $30.00. Conversely, a breach below the 200-day SMA at $28.06 could signal a bearish trend. The outlook remains neutral to slightly bullish, with the dollar likely to strengthen further amid macroeconomic uncertainties.