Possible Intermediate Cycle High for U.S. Dollar

March 24th, 2015
in contributors

by Erik McCurdy, Prometheus Market Insight

A cycle high setup occurred this week, suggesting that the latest intermediate-term cycle high (ITCH) may have formed this week. A close below 97.77 next week would generate a cycle high signal and indicate that the decline phase of the current cycle is likely in progress.  Editor's note: The U.S. Dollar Index closed at 97.23 Monday 23 March 2015.

Follow up:

An extended rally phase would reconfirm the current bullish translation and favor additional intermediate-term strength. Alternatively, a quick reversal followed by a move below the last intermediate-term cycle low (ITCL) at 93.84 during the next decline phase would signal the likely transition to a bearish translation.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved