US Dollar Index - 4th June 2024 | @ 80 Days | + 1.64%
Last trade: + 1.64% | 'B' class signal detected in US Dollar Basket / Index. Running at an average wavelength of 80 days over 15 iterations since May 2021. Currently troughing
ΣL Cycle Summary
Another serene leg complete for this cycle in the Dollar Index, this time to the downside and it maintains the rather flat structure we have seen since January 2023. The next peak looks to be early July but will we see some welcome increase in amplitude within the move? Time will tell. Subscribers will note the inverse relationship to the similar wavelength component in global equity indices.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Sell - US Dollar Index 21st April 2024
Entry: 21st April, 2024 @ 106.02
Exit: 4th June, 2024 @ 104.28
Gain: 1.64%