Hi!
Clomid does regulate hormones. It will (hopefully) increase your progesterone level as well as your
estrogenHormone replacement therapy level. When a woman ovulates, the cyst the forms where the egg is released forms a corpus luteum which produces progesterone. If you don't ovulate regularly, you probably don 't have a lot of progesterone (the level varies throughout the cycle). The clomid helps you ovulate and increases the progesterone level. It can be associated with Luteal Phase insufficiency though (that's why I like Femara better) so if you do conceive, your doctor should probably check your progesterone level and supplement if necessary.
Good luck!
Dr B