Analysis

USD broke out, perhaps to a new uptrend


US DOLLAR
3/29 DX AO CL 89.974 4/27 DX AO CL 91.542
 
April Review – “For the past few months, the US Dollar Index has been locked into a sideways trading range with a
slight upward bias. Currently the market is mid-range, leaving few clues from a technical point of view.
From an Astrological point of view, there are several big energy points in April. Key Dates – 4/2, 4/9, 4/13, 4/27 AC”
 
Results – 4/2 was a good short term low. 4/9 was close in price and one day past a good short term high.
4/13 was very close in price and one day past a good short term high. Score = 3 out of 3 good dates = 100%.
 
May Update – The US Dollar Index had been consolidating for several months, until mid April. From the
April low, the US Dollar index rallied to break out of it consolidation pattern and perhaps to a new uptrend.

Key Dates – 4/30, 5/7, 5/10, 5/16, 5/21, 5/29, 5/30, 6/1, 6/1 AX 

 

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.