Golden Cross AND the Yen will challenge 6-year resistance.
In the meantime, DXY is at another 2017 low and now within the 93 handle.
-TMW
ALERT: Japanese Yen (JPY) Golden Cross!
7 years ago by themaestro (51)
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My goal for the next year is to understand technical analysis.
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@alexmorris I hear you! exellent post though, and something to look into and keep an eye on.
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OMG What a choice. The YEN or the Dollar, I choose neither. Just arbitrary measures of nothing.
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Lower dollar to the Yen usually means higher gold
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Good analysis. That's why this chart matters.
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This makes it cheaper for foriegn countries to buy our imports. It's good for business. It's also an indicator that interest rates could increase again and a sign our economic recovery is not really recovering.
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