I run a linear regression line on a 24-month USDX chart. The results indicated that the potential rebound from today's close, 85.58 is to cross over the linear regression line to the range of 90 to 92 in about 1-2 months. However, Bolliger bands using 15-day ave, 20 std deviation, we may see 89 and still within down trend direction. I think it is still too early to determine if this is the turning point. Time will tell.
Back to the GPS charts.
POG/SPX is still above 50-DMA and in the trading range:
stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
XAU/SPX is within trading range, but slightly below 50-DMA and may be drifting downward:
stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
XAU/Nasdaq is within trading range, but below 50-DMA and looks sick:
stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
XAU/HUI lost the momentum from HUI stocks:
stockcharts.com[h,a]daclyyay[dc][pb200!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G |
