Tag: Platinum

12/16/23 – “The Dollar did see a new decline as the Euro & Yen rallied.  Those moves could ultimately stretch into late-December.  Gold & Silver surged from intermediate support levels but need to turn their daily trends up to show additional strength… The Dollar Index resumed its decline after testing & holding its weekly LHR (103.82/DXH) and descending daily 21 High MAC last week, projecting a new sell-off into the […]

12/13/23 – “The Dollar Index resumed its decline after testing & holding its weekly LHR (103.82/DXH) and descending daily 21 High MAC last week, projecting a new sell-off into the next phase of its ~4-week cycle in late-Dec ’23… a type of Intra-month Inverted V.  That is also when a ~24-week low-low-low-(low; Dec 26 – 29, ’23) Cycle Progression would mature. That could also be a decisive time with regard to the Dollar’s monthly 21 […]

12/09/23 – “The Dollar Index has rebounded after reaching multi-week downside targets & support (~102.40/ DXZ), setting a multi-week low.  That also fulfilled a 26 – 29-day high-high-high-(low; Nov 27 – 30) Cycle Progression and ushered in a new rally.  The new daily & intra-month trends quickly validated that, reversing up and projecting a rally into mid-month. It tested & held its weekly LHR (103.82/DXH), a sign of an imminent high. […]

12/06/23 – “The Dollar Index reached multi-week downside targets & support (~102.40/DXZ), setting the stage for a 1 – 2 week low.  It also fulfilled a 26 – 29-day high-high-high-(low; Nov 27 – 30) Cycle Progression while reinforcing the developing negative structure of the monthly trend & wave structure. That spurred an initial rally that turned the daily & intra-month trends up, reinforcing the recent low.  That could spur […]