Analysis

Big moves in USD likely

US DOLLAR

6/29 DX AO CL 94.470 8/03 DX AO CL 95.143

July Review – “Since April, the US Dollar Index has been in a strong uptrend. The chart shows that it may now be losing some upside momentum and that a correction or consolidation is coming soon.

Key Dates – 7/5, 7/9, 7/10, 7/11, 7/13 (Solar Eclipse), 7/30 (includes Lunar Eclipse).”

Results – 7/5 was not effective. 7/9 was the exact low of the month. 7/10 was close in price and one day past the 7/9 low. 7/11 was not effective. 7/13 was a short term high. 7/30 was a one day high.
Score = 4 out of 6 good dates = 66.67%.

August Update – The US Dollar Index has been trading in a narrow and narrowing trading range. Breaking out of this range could lead to a major move. One unusual thing I noticed about the US Dollar for August is a big drop in its Astro energy. I am not sure what this means. However, I have noticed that sometimes when this happens to a market there is a big move.

Key Dates – 8/9, 8/13, 8/14, 8/27, 8/28, 8/29, 8/30, 8/31 AC


T-BONDS

6/29 ZB U18 CL 145-00 8/03 ZB U18 CL 142-31

July Review – “Following a higher pullback low into mid June, T-Bonds resumed their uptrend contrary to the common market sentiment that interest rates are headed higher. As mentioned correctly last month, the T-Bonds seem to be following our T-Bond Fractal Forecast which indicates this rally could last into early August. Near term, T-Bonds are now approaching some major resistance levels and may need a pullback to recharge if they are going to break out to higher levels. If September T-Bonds can get past the 146 area, I see the potential for the rally to extend to 150 or higher. If the uptrend is to continue, T-Bonds must hold above the 142 area. The top 
Planetary Events for July for T-Bonds are: 7/10 PM – Jupiter in Scorpio turns Direct. Scorpio is the ruling sign for Bonds; 7/11 AM – Jupiter Contra-Parallel US Moon; 7/13 PM – Helio Jupiter in Scorpio Contra-Parallel Latitude Neptune; and 7/27 AC – Geo Jupiter in Scorpio Contra-Parallel Latitude Neptune. Key Dates – 7/5, 7/9, 7/10-11, 7/13-16, 7/30”

Results – 7/5 was close in price and one day ahead of the high of the month. 7/9 was very close in price and one day past the high of the month. 7/10 was a one day low. 7/11 was a short term high. 7/13 – 7/16 was an almost exact double top with 7/13 being one tick higher. 7/30 was a short term low. Score = 7 out of 7 good dates = 100%.

August Update – T-Bonds made it to the top of its recent trading channel in early July and then turned lower.

T-Bonds are now approaching the bottom of the higher of two possible trading channels. The top two events for T-Bonds this month are 8/17 AC – Jupiter in Scorpio 120 Neptune in Pisces. Scorpio is the ruling sign for Bonds.

8/31 AC – Helio Uranus enters Taurus. Taurus is 180 from Scorpio, the ruling sign for Bonds.
Key Dates – 8/13, 8/20, 8/27, 8/29, 8/31 AC

 

This is an excerpt from the Astro Trend newsletter. Astro-Trend covers about thirty futures related markets including the major Financial Markets, such as the Stock Market, T-Bonds, Currencies, and most major commodities. We also offer intra day data which identifies potential change in trend points to the minute.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.