Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Editorials CHARTWORKS - MAY 19, 2010 Short-Term Trends in U.S. Dollar Index and

CHARTWORKS - MAY 19, 2010
Short-Term Trends in U.S. Dollar Index
and Euro Set to Reverse

Bob Hoye
Institutional Advisors
Posted May 21, 2010

The U.S. Dollar and Euro have achieved excessive technical readings on a daily basis as of May 18th. Previous examples saw significant price reversals within four trading days and moves back to the 50-day exponential moving averages within one month.

(Click on images to enlarge)

Gold prices also react in a particular fashion around these signals. There is an expanding downup- down pattern over ten weeks. Initially prices drop for a few days (A), then rally into a window of five to nine trading days (B) after the signal. Lastly, a deep correction pushes to test or make a new 10-week low (C).

Pattern is more important than price

###

May 19, 2010
-Bob
Hoye
Institutional Advisors
email:
bobhoye@institutionaladvisors.com
website: www.institutionaladvisors.com

Hoye Archives

Share
New Message
Please login to post a reply