 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
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