Issued: 04/03/2014
June US dollar index, previous update:
1. Today’s June US dollar index tested and failed at the $80.40 potential selling territory and completed forecast decline to $80.14 (today’s session high, $80.57, session low, $80.15, so far).
Latest update:
1. In the Wednesday’s (April 2) live meeting it was noted that the June US dollar index failed to touch $80.07 on April 2 (on the downside) which indicated hidden buying pressure and the potential for a continued breakout on the upside.
2. $80.45 was indicated as the critical level that if broken through would indicate a fast advance to $80.68. Today’s session broke above $80.45 and quickly advanced to the $80.68 upside target (session high, $8068.50, so far).
3. Self-directed traders relying on the above exited partial long positions at/near $80.68. Will message any further entry or indication.
David Williams
Issued: 04/04/2014
June US dollar index, previous update:
1. In the Wednesday’s (April 2) live meeting it was noted that the June US dollar index failed to touch $80.07 on April 2 (on the downside) which indicated hidden buying pressure and the potential for a continued breakout on the upside.
2. $80.45 was indicated as the critical level that if broken through would indicate a fast advance to $80.68. Today’s session broke above $80.45 and quickly advanced to the $80.68 upside target (session high, $8068.50, so far).
3. Self-directed traders relying on the above exited partial long positions at/near $80.68. Will message any further entry or indication.
Latest update:
1. A daily close today below the previous $80.68 upside target in the June US dollar index is the weaker position and may prompt new short entry for a tradable multi-day decline. Will message any such entry in today’s/Monday’s session.
David Williams