Issued: 06/25/2014
September dollar index:
1. Any further test and hourly or especially daily close above either $80.20 or $80.15 in the September US Dollar index will indicate new long entry for an initial long position exit at/near $80.36. Although this is a very small initial move, a larger move beyond $80.36 exists.
2. New entry may occur in tomorrow’s (Thursday, June 26) session, possibly based on the hourly chart. Will update.
David Williams
Issued: 06/26/2014
September US dollar index:
1. Our previous Wed., June 25 update indicated new long position in the September US dollar index upon any touch and hourly or daily close above $80.20/$15. The initial upside target was $80.36.
2. Subsequently, the September US dollar index declined and tested the $80.20 buying territory twice and closed hourly above that level, indicating new long entry (hourly close, $80.22).
3. For those acting upon the hourly indication, today’s session advanced and completed the $80.36 initial upside target (session high, $80.36, so far). Although $80.36 is the main target, higher prices remain possible and will be messaged in a subsequent update.
4. Our protective sell stop is at $80.22. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 06/27/2014
September US dollar index:
1. Today’s September US dollar index declined after yesterday’s completion of the $80.36 initial upside profit target and triggered our remaining $80.22 protective breakeven sell stop (session low, $80.13, so far). This completes the trade.
2. Will message any further entry or indication as the market confirms.
David Williams