Watch for a major change in USD
|US DOLLAR
10/26 DX AO CL 96.359 11/30 DX AO CL 97.272
November Review – “The US Dollar Index had a good move up in October and is now approaching major resistance at the 97.00 area.”
Results:
Key Dates – 10/29, 10/31, 11/7, 11/12, 11/21, 11/23, 11/26
10/29 and 11/26 were not effective. 10/31 was a very good short term high.
11/7 was the exact low of the month. 11/12 was the exact high of the month. 11/21 was very close in price and one daypast a short term high. 11/23 was very close in price and one day past a good short term low.
Score = 5 out of 7 good dates = 71.43%.
US Fed – 10/29, 11/8, 11/12, 11/13, 11/23, 11/26
10/29 and 11/26 were not effective. 11/8 was close in price and one day past the low of the month. 11/12 was the exact high of the month. 12/13 was very close in price and one day past the high of the month. 11/23 was very close in price and one day past a short term low. Score = 4 out of 6 good dates = 66.67%.
Total Score = 9 out of 13 good dates = 69.23%.
December Update – Technically, the US Dollar has been riding an uptrend since late September. Mid-November, the Dollar Index made a peak and has since been trading in a narrowing range. We have some huge cycles coming for the US from about 12/10 – 12/12, which is a major factor for the US Dollar. Watch for a major change in trend at that time.
Key Dates – 12/4, 12/10, 12/11, 12/18, 12/20-21, 12/24
Composite Bank of England/US Fed Key Dates - 12/3, 12/4, 12/11, 12/19, 12/26
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.