US Dollar
This Damn thing has been a bitch to figure out !
Will it Crash ( we had sound analysis saying it would)
Will it Soar ( Also sound analysis)
Will it remain in a range for ever…seemed so
Perhaps it has revealed its intentions with this incredible weekly candle
which formed the right shoulder of a continuation pattern to the UUPside !
Up until this week there was NO pattern to launch it higher.
When the Fed cut aggressively and surprisingly it caused this huge drop
Then reality sets in that the debt is imploding …there will be huge defaults
Dollars borrowed will be paid back in Dollars….as Plunger said in a Post Bubble Contraction the senior currency soars and Everything else crashes.
IF / When this neckline is taken out ( perhaps next week …perhaps monday night with a spectacular GAP
There will be NO Doubt !
sheesh
We’ll see. Let it make a new all time high in the face of whatever the Fed unleashes next week.
The key is the yen, though. For now, it has dropped right back into the triangle it has been stuck in since 2016. Something is going to give before April 2021. That I will 99.8% guarantee.
Seems a soaring Dollar is what gold needs.