USDX
An Interesting Look
Suspend your well considered prejudices and take a lineless look at this chart.
What’s the impression of where this is likely going.
I’ll bet there are still differences of opinion.
Mine is there are a lot of higher highs and higher lows …but they are rather subtle
Energy is still being built for the next move …The move leading in to this endless upward tilting drift
was pretty strong. We have to be aware the possibility is a very long convoluted half way pattern.
OR…maybe this is IT for currencies…they will all ( by convention) remain in this range we are seeing.
Until the new Monetary system is upon us.
Maybe they all just agreed to stop the race to the bottom and all sink at the same rate.
But Sink against what ?
Against that timeless store of value , that real cold hard cash store in its finest form
The thing that has stood the test of time and the thing all Central Banks are clamoring for !
Hint: It’s Shiny and It”s Yellow and its Mined at great expense.
🙂