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Intermarket analysis through the semi-automatic lense of a programmer-slash-point-and-figurist
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US Dollar Breaks Down, Violates Support

Posted on 09/08/201709/13/2017 by The Report Master

UUP – our proxy for the US dollar – has formed a bearish double bottom breakdown at 23.75 and violated bullish support dating back to August of 2014. The preliminary downside price objective is 20.50. A falling US dollar is inflationary and often precedes or coincides with higher commodity prices. Gold seems to have gotten the memo. Oil not so much…

P&F Chart Alerts GLD, USO, UUP
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Gold Is Looking Brighter

Posted on 08/28/201709/13/2017 by The Report Master

GLD – our proxy for Gold – has breached chart resistance at 122, touching 124 and forming a very bullish triple top breakout. Recall that rising Gold prices are generally deemed inflationary, as is a falling US Dollar.

P&F Chart Alerts GLD, UUP
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