Analysis

USD may lose upside momentum

June Review – “Our May analysis for a new uptrend for the US Dollar Index was correct. The US Dollar Index had a strong rally for almost all of May. In the past few trading days, it has pulled back to the bottom of its trading channel. 

Key Dates – 6/4, 6/5, 6/6, 6/7, 6/11, 6/25, 6/28”

Results – 6/4 was a one day low. 6/5 was a short term high. 6/6 was close in price and one day ahead of a very good low. 6/7 was a very good low. 6/11 was a good re-test low of the 6/7 low. 6/25 was very close in price and one day ahead of a good low. 6/28 was the exact high of the month. Score - 7 out of 7 good dates = 100%.

July Update – 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).

 


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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.

 

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