The US dollar index (DXY) is testing its breakout
The US dollar index is putting on a hard test of breakout support and the 50 day moving average.
The Gold/Silver ratio (GSR) is not confirming the weakness. We should know soon whether these two will remain bullish/constructive or fail. Right now and to this point they have been bullish and constructive, respectively. If they go up hard together my bet is that many other markets will go down together. Hence, if USD’s test fails and GSR stays sedate, the indication is bullish for many markets.
Decision should be coming shortly.
