us dollar index (DXY), usd

US dollar index (DXY) is also on plan

The US dollar index (DXY) is dropping toward the 50% Fib retrace level Reference yesterday’s post on USD. The next support (not visible on the daily chart) coincides with a 50% Fibonacci pullback of the entire rally, which negatively diverged the inflation trades as we had noted all along the uptrend. The next marker is the 62% Fib, which coincides with a visible support shelf … Continue reading US dollar index (DXY) is also on plan

us dollar index, dxy, usd

US dollar index and the 200 day moving average

The US dollar index (DXY) is bobbing around just below the SMA 200 to open FOMC week As always, there are a lot more analytical signals in play than just a nominal daily chart. But where the chart is concerned it shows the US dollar index having dropped below the uptrending SMA 200, bounced to test the breakdown and thus far holding below it. It … Continue reading US dollar index and the 200 day moving average

NFTRH 696, part 1

I have decided to do NFTRH 696 in increments, as events unfold. In the first increment I want to note that USD and the Gold/Silver ratio are not confirming bearish as war rages and FOMC lurks (March 16). US stocks have been bouncing – in what could be a perceived flight to quality – as the balance of world markets (ex-US) drops heavily. Germany, for … Continue reading NFTRH 696, part 1

US Dollar dings target #1, inflation trades still on

USD (DXY) makes a 38% Fib retrace USD (futures, DXY) has been in an uptrend for all of 2021. The uptrend was birthed by the March high and subsequent higher low in May, which turned out to be the right side shoulder we then began to manage. That shoulder was to an Inverted H&S bottoming pattern with three upside objectives. #1 is being hit at … Continue reading US Dollar dings target #1, inflation trades still on

US Dollar on plan, attended by the Gold/Silver ratio

US dollar (DXY) has activated its Inverted H&S, Gold/Silver maintains its uptrend, watch silver going foward… I do not make predictions because I do not pretend to be a guru.* But NFTRH has been tracking what has been an uptrend in the US dollar for all of 2021, keeping us well aware of the potentials being realized from late summer into the fall. A higher … Continue reading US Dollar on plan, attended by the Gold/Silver ratio

NFTRH 664, out now

The screenshot of page 1 tells it all. Well, maybe not but it’s a cool picture. This week’s report drills in depth to the macro topics that I think are most important here and now. We – not the ranting inflationist down the street – anticipated the summer cool down along with the reasons that the Fed would want such a thing. Now we are … Continue reading NFTRH 664, out now

NFTRH; If this is a double bottom…

Per the Trade Log yesterday as I was doing some selling… Frankly, I am not in love with market risk at this time and wondering if maybe some of these Reddit style events going on (ref. AMC, etc.) are ending stages stuff.  Also, yesterday’s update highlighted some negative signs by risk ‘on’ markets’ ratios to gold. Of course, the anti-market to most of the world’s … Continue reading NFTRH; If this is a double bottom…

Uncle Buck at Support, Reflation Trades Hang in the Balance

This will be telling. If you refer back to yesterday’s post, which included weekly and monthly charts, you’ll observe that this is basically it, the short-term support level standing between Uncle Buck and the launch of the next round of reflation trades. But you will also observe that support is intact until it no longer is intact. You may also want to observe the unbridled … Continue reading Uncle Buck at Support, Reflation Trades Hang in the Balance