Long term DOWI channel from 1913. We're currently in megaphone pattern which means next move should be down into 5000 area. Correspondingly gold will first fall into 800 area, then shoot up to reach 1-2 ratio between gold and DOWI.
After yesterday's SNB decoupling from 1.2 peg, CHF was trading in downward channel as result of foreign capital inflow from more unstable countries (Russia, Ukraine, Belarus, Greece, etc.) and also as result of fears that EU is going to release large QE in near future.
Moving average crossing has in the last 40 years always been indicator of trend change in DXY. Moves were also indicated by Stochastic and BBW.
Now we're bottoming on BBW (haven't reached this narrow width of Bolinger bands since 1980), made two bottoms on Stochastic in the recent past and Moving Average is very ...