Dollar Golden Cross

The US Dollar index has made a "golden cross" today, as its 50-day moving average has crossed above its 200-day moving average as both are rising.  The "golden cross" is viewed as a positive by market technicians, as it is thought to signal a significant favorable turning point.  Regardless of your thoughts on technical analysis, the chart below highlights a clear shift in the Dollar over the last few weeks.

We recently highlighted how the Dollar has performed following all prior "golden crosses" at Bespoke Premium.  Click here to subscribe and view the report.