Description
⋅ There is an Orange trend and there is a Blue trend. The Jag, going back to 1986 has been hung with Green curves.
I persevere the the DXY Jag will drop between 6 and 8 units. That points to the Blue Local trend.
Doted Red is a parabola found to be turning from Support to Resistance . This is a clue.
I persevere the the gold will rise, Platinum to gold will fall and Dollar will fall. Rising Oil would be coherent with that.
A lower dollar is good for the emerging markets, which borrow in dollars, that includes European periphery.
The ten year trend is rising; noted in faint Dashed Lime .
Comment
⋅ Yup, Solid Blue resistance holds sway . The world needs a cheaper dollar.
Comment
⋅ Dropping towards Solid Orange or bellow.
If Gold Continues to rise, DXY will continues to fall. Lower Solid Blue is not out of the question. Drop in the yuan us relevant.