US Dollar Key Days
Currencies / US Dollar Oct 21, 2015 - 12:27 PM GMTBy: Gary_Savage
The next two days are key. If the bounce over the last three days was the start of a new daily cycle then gold will drop down into a hard daily cycle low.
If one the other hand the dollar forms a swing high today and closes significantly back below the 10 DMA and more importantly follows through to the downside tomorrow it will signal that the bounce was a counter trend move and the dollar is going to test the August lows before the cycle bottoms.
Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
© 2015 Copyright Gary Savage - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
