US Dollar Index - 4th April 2024 | @ 179 Days | + 1.42%
Last trade: + 1.42% | 'B' class signal detected in US Dollar Basket / Index. Running at an average wavelength of 179 days over 14 iterations since June 2017. Currently peaking
ΣL Cycle Summary
A crucial peak is upon us here in the Dollar Index, via the excellent wave around 180 days, which has been metronically stationary for many years, shown below. There is little more to add aside from noting that the next low of this wave is due in late June / early July this year. Clearly the dollar has wide influence on almost all other financial instruments so a weakening of the greenback will be reflected elsewhere. It should also be noted that the up leg of this wave has failed to breach the previous high of this wave (October 2023), reflecting a neutral to bearish underlying trend.
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: Buy - US Dollar Index 9th January 2024
Entry: 9th January 2024 @ 102.57
Exit: 4th April 2024 @ 104.53
Gain: 1.42%
Before and After
Signal comparison between our last report and the current time, in chart format.
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.