04/27/2014 – US Dollar
- April 27, 2014
- US Dollar
Issued: 04/27/2014
June US dollar index:
1. Friday’s test and daily close above $79.75 in the June US dollar index is an important early indication for a tradable, multi-day advance.
2. Therefore, any further test and daily close above $79.75 – $72 will indicate new long entry in the June US dollar index. A test/attempt at $79.98 (or higher) is the initial upside target.
3. Should tomorrow’s (Monday, April 28) session be unable to test the earlier noted levels, an alternate long entry will be messaged as the market confirms.
David Williams
Issued: 04/28/2014
June US dollar index:
1. Today’s June US dollar index broke below the critical $79.75 – $72 closing level noted in the previous update, negating new long entry, for now. Will message any further entry or indication.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.