08/31/2016 – US Dollar
December US dollar index:
1. Since Wednesday, August 24 we indicated that a likely weekly bottom was complete in the December US dollar index. A tradable advance and test of $95.65/$70 was expected from that point.
2. Subsequently, the December US dollar index advanced and completed the $95.65/$70 upside target (and higher). Today’s (Wednesday, August 31) session high was $96.21, so far.This successfully completes the forecast/trade. Will message any further entry or indication in the December 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.