Saturday 24 October 2015

USD on the edge of a bullish breakout

Whilst equities saw very significant net weekly gains, it was a similarly bullish week for the USD, which saw a net weekly gain of 2.8%, settling @ DXY 97.21. Broader price structure is a giant bull flag, and by definition is offering a break above the key 100 threshold.. and then swiftly onward to the 120s.


USD, weekly



USD, monthly2



Summary

The implications for sustained action >DXY 100 should be clear to most... especially those involved in the precious metals and Oil.

Goodnight from London
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*the weekend post will be on the US weekly indexes