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#1 gannman

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Posted 12 April 2018 - 06:20 PM

looking at it from its top in 2017 to its bottom

in late feb of 2018 one possible count is that

we are ending a wave 2 correction

which would mean we are heading into a wave 3 down in the dollar

 

its one count opinions are welcome 


feeling mellow with the yellow metal


#2 tradesurfer

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Posted 13 April 2018 - 09:39 AM

if you are correct and the dollar goes under 88.50 then it would break long term up trendline support in dollar index, and cause a huge short covering rally in metals



#3 SemiBizz

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Posted 13 April 2018 - 09:47 AM

Dollar Index you are discussing is UP ON VOLUME here...

 

Closer to a breakout to 92 on a break of 90.50...

 

To me that's a following indicator... I look at the currency crosses...

 

So in $Yen terms... it needs a breakout over 108 to give us an upside target of 110.

 

107.53 now.

 

$Yen just made a new April High and over the March Highs today...

 

Dollar Index doesn't say that ...

 

Big Daddy Yen rules all in the currencies.

 

We got the reaction from the equity market this morning... Puked...

 

Market HATES a strong dollar.

 

If that's the direction it goes now, watch the VIX...


Edited by SemiBizz, 13 April 2018 - 09:49 AM.

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#4 SemiBizz

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Posted 13 April 2018 - 10:01 AM

As far as this "thing" US$ Index, thinly traded... you had a pullback off the last high on progressively lighter volume and a sign of strength on the bounce...

 

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#5 Russ

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Posted 01 May 2018 - 06:52 AM

dollar index seems to be breaking out, possibly will rally into late summer, bad for gold...

 


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