What’s uup in America today?
UUP daily as proxy for $USD. Looking back over the last 3 1/2 years. UUP gaped above the upper trend line today.
Here is a slightly longer term view, a line chart this time, with 50 and 200 Day SMA. Looks like a bull cross is imminent.
So if UUP is up then the Euro must be down. Last night I placed lines of potential support for the Euro. Today those lines were gapped over. Is yet another EURO crisis afoot? Italy this time, some say.
The USDU is a broader measure of the $USD account less weight given to the EURO. And yet…
Amidst all that carnage, $GOLD held firm. Why? Strong as the dollar has been, it is falling against the YEN.
Here is $USDJPY daily chart.
One more chart. Here is $TNX Weekly. The inverse SHS neckline is intact. So far.
A final note. One might have expected more from the PM miners today. Maybe they lagged because they are stocks, and stocks were down across the board today. Maybe…
Great work Fox
Nice! Thank you.
Very nice indeed…