04/15/2015 – US Dollar

Issued: 04/14/2015

June US dollar index:

1. In Mondays (April 13) Williams edge futures meeting it was noted that the next important daily top in the June US dollar index was Mon., April 13 (+1 day). The initial downside target was $98.94/$92 expected into Tues., April 14. This target was reached today, Tues., April 14.

2. For aggressive traders already short or interested in the short side, the June US dollar index remains in a ‘Sell’ position with further decline likely, including a test/attempt at $97.96 (or lower) during this week (week of April 13).

3. Further short position exit should be taken at/near $98.62.

4. Initial protective buy stop should be above $99.91 until further decline occurs. Will update.

David Williams

Issued: 04/16/2015

June US dollar index:

1. In Mondays (April 13) Williams edge futures meeting it was noted that the next important daily top in the June US dollar index was Mon., April 13 (+1 day). The initial downside target was $98.94/$92 expected into Tues., April 14. This target was reached Tues., April 14, as forecast.

2. On Tues., April 14 we noted that the June US dollar index remained in a ‘Sell’ position with further decline likely, including a test/attempt at $97.96 (or lower) during this week (week of April 13).

3. Today, Thurs., April 16 the June US dollar index completed the $97.96 downside target for a total move of nearly 200 pips, resulting in a successful trade. Will message any further entry or indication in the June US dollar index.

David Williams