USD_
Could USD have completed its’ BT and resumes UP again with intermediate target @ 128 while now @ 104?
Feed-in until yesterday.
Indicators (see thumbnail chart) suggest ‘oversold’ conditions and gives potential for USD to have completed its’ BT and therefore USD continues higher from about here!
Will a higher USD going forward be Negative for PM (and other assets)? Possibly yes!
ADDED: USD-daily (6 month)
Charted cycle low around 28-december +/- 1-2 weeks. Interesting as mentioned before … can take a few more weeks before turn but we are close already in terms of this/next week!
IMO
I have UUP backtesting the UNDERSIDE of the 200dma, and set to drop.
Perhaps not until Tues for the start of that move.
Fake out Monday first?