How the value of the Dollar and Gold impact marketsThis is a little different than what I usually do. Very straight forward line charts of the IXIC, DJI, and SPY. Showing how the changes in the value of the Dollar over Gold, impact the market. I know this isn’t the only influencing factor, as each market has its own levers, but this simple deviation of the two can weigh heavily on the markets.
SDX1! trade ideas
US Dollar to reach $93US Dollar has broken out of a down trend. It's not out of it yet but there's a higher low at end of Feb.
20MA is above 50MA and this means a short term up trend is in place. Today's candle should close above yesterday's, signalling a reversal.
I'm forecasting a stronger Dollar but for now, target profit 1 is $93 area.
Target profit 2 is $95 but that will be awhile still, and depends on the price action if and when it hits $93.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
daily chart view AC(accelator occilator or stochastic 5-3-3) is red ,this mean seller pressure wil be l high
30%=if dollar index can break high ,will see fibo 61% 98 then will crash
70%=after some zigzag will break low,this mean new down trend start for 80
put buystop on high,sellstop in low is exclent for now