฿ Donate using Bitcoin! 1LYHyG1WiJsKvxf1p4CA5ApNrniCE26Hns Ξ Donate using Ethereum! 0x6E225E2D29BEB9533Fd36C467981Ea15b8714C24 P Donate using PayPal! paypal.me/mamastinky
Skip to main content
OpenID

News

  • Contact us at admin@silverstocker.com.
  • Newly registered members - If you cannot log in, check your email to activate your account!

Topic: DXY (Read 699 times) previous topic - next topic

0 Members and 1 Guest are viewing this topic.
DXY
Gold often move opposite of the DXY Monday mornings are in blue.
For Entertainment Purposes Only.

Re: DXY
Reply #1
DXY will confirm the Adam and Eve double top with a break of 100.45
For Entertainment Purposes Only.

Re: DXY
Reply #2
DXY will confirm the Adam and Eve double top with a break of 100.45


I am showing 100.58 for DXY so the confirmation is at hand. It is interesting that DXY went down on the interest rate bump by the FED, I would have thought the dollar would be worth more if it commands more rent. Maybe it is just a delayed reaction or maybe more people are getting FED up with rent control. More than likely with recent FED jaw boning for more upward bias in rent control, there will be pressure on PM's, but it may not turn them down, only slow the rise.

Re: DXY
Reply #3
As the universal measuring tool for comparing value of many varied goods and services against each other, one would think stewards of the dollar would be vary concerned about its durability. The fact that DXY has wild swings is proof positive the stewards of the component currencies are doing poor job. That said, looking at the DXY chart is interesting as with its relative consistency over the last three months has correlated with the relative stability in precious metals. It looks like that is changing. It hit the top of the regression channel drawn from March highs and has turned down sharply. MACD and RSI are bearish and the value is approaching the lower BB soon to drag the indicator down with it. Support around 92.77 is now violated so the down channel should remain in tack. With the measuring tool losing value, we can expect PM's to move higher when priced in dollars, for that matter, we can expect everything to be priced higher and CPI, will move higher as a result.  Fed jawboning today should be interesting.


Re: DXY
Reply #4


For Entertainment Purposes Only.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: DXY
Reply #5
my old dxy chart.

Re: DXY
Reply #6
Nothing moves in a straight line, but the DXY moving up this much is not what I expected. Will the 92+ resistance be a barrier?


Re: DXY
Reply #7
92.1 or 93.7 could be a top.
The bigger question is this a sign of a coming correction in the SM?

For Entertainment Purposes Only.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: DXY
Reply #8
92.1 or 93.7 could be a top.
The bigger question is this a sign of a coming correction in the SM?
The correction is taking place now IMHO.