Posting 2 charts today, weekly and daily.
Its been a while since I commented on the DXY . Last February I posted that I thought a bounce was imminent and that turned out to be correct (see link below). I thought the bounce was likely over last September which was wrong. Again I think there is a good chance that bounce is over or just about over. The price action over the next couple of weeks will hopefully let us know. When it is over I believe likely we will have a major drop in the dollar with an associated bounce in the precious metals and possibly oil .
Take care and enjoy the weekend and the rest of your life. Remember there are 2 important currencies: Money and Time. No matter how much money you have your store of time is going down: spend is wisely with joy and love.
Best to ya.
Its been a while since I commented on the DXY . Last February I posted that I thought a bounce was imminent and that turned out to be correct (see link below). I thought the bounce was likely over last September which was wrong. Again I think there is a good chance that bounce is over or just about over. The price action over the next couple of weeks will hopefully let us know. When it is over I believe likely we will have a major drop in the dollar with an associated bounce in the precious metals and possibly oil .
Take care and enjoy the weekend and the rest of your life. Remember there are 2 important currencies: Money and Time. No matter how much money you have your store of time is going down: spend is wisely with joy and love.
Best to ya.
