Posts Tagged ‘Golden Cross’

Golden Cross May Indicate Dollar Index Gain

(Bloomberg) — A “golden cross” of two moving price averages of the Dollar Index for the first time in 18 months indicates that the rally in the greenback may accelerate, Auerbach Grayson & Co. and Brown Brothers Harriman & Co. say.The index, used by IntercontinentalExchange Inc.

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Golden cross : A technical phenomenon may have fired off a buy signal for stocks

EVEN THE MOST SEASONED market professionals secretly want one special indicator that tells them what to do.For many, the “golden cross,” which ties two key moving averages together, is as close as they dare to get. Last month, the golden cross fired off a buy signal on the Nasdaq, suggesting it was time to get long and stay long in the stock market.A golden cross occurs when the 50-day moving average crosses above the 200-day moving average.

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