08/06/2015 – US Dollar
Issued: 08/05/2015
September US dollar index:
1. The next important daily market top in the September US dollar index is today (August 5) +/-1 day). A tradable multi-day decline is expected off this top, and a possible test/attempt at $97.25 prior to the ending of the decline.
2. $98.08/$98.20 is considered short selling territory if touched in tomorrow’s session.
3. Once short (if the above occurs) a protective buy stop should be placed at $98.47. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 08/06/2015
September US dollar index:
1. Our previous (Wednesday, August 5) September US dollar index report indicated the likelihood of a retest of $98.08/$.20 which was indicated as short selling territory. Today’s (Thursday, August 6) session tested those levels (today’s session high, $98.26, so far). Therefore, we are currently short the September US dollar index between $98.08/$.20.
2. Those short from at/near $98.20 should exit partial positions at current prices (current price, $98.02).
3. Our protective buy stop has been moved to at $98.35. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 08/07/2015
September US dollar index:
1. Our Wednesday, August 5 September US dollar index report indicated $98.08/$.20 as short selling territory for a multi-day decline to at/near $97.25.
2. Today’s (Friday, August 7) September US dollar index declined to $97.36, completing the majority of the forecast decline. This completes the forecast/trade. Will message any further entry or indication in the September US dollar index.
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.