Some say overvalued by 5.7 % isn't much ..I show a technical breakout is close if they don't stop it here.. the 23.6 is 5.7% lower than spot. The green line is the top APR 2011 to Jan 2022....
Maybe instead of over valued the mean it is out of trend from the downdtrend regression. I can agree with that, but it looks like if it doesn't revrse here we have a crossing out of the long term wedge.
Maybe instead of over valued the mean it is out of trend from the downdtrend regression. I can agree with that, but it looks like if it doesn't revrse here we have a crossing out of the long term wedge.