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You can find out the strongest/weakest currency and metal within the day, the week, the month or year. No need for expensive software, no need for gazing at the screen for hours. Simply choose your currency/metal of reference and select the time period.
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Start of day is 17:00, Eastern Time/New York Time,
Can you guess the charts below? Both charts represent the same market but at different time horizons. Will the top chart finally break above the channel? Does the bottom chart show another bounce off the channel support and continue to rally? How do both charts relate to each other? I will give the answer in the next post. Be careful with metals trading. Last night's silver crash was mainly prompted by coordinated dumping of 674 million oz of silver in the Shanghai Futures Exchange. The Exchange is said to have halted it and fundamentals remain largely unchanged. Everyone askes "what happened to the sikver shortage??". Nothing ! it's been around for 2 years and is here to stay. Highly leveraged markets usually undergo violent dislocations. Do you remember what happened to gold (the father of all safe havens) when it crashed 15% in a single week during "Covid March 2020"? Forced selling triggered it. Now, tell me what are those mystery charts.
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Latest Hot-Chart - Feb 05
Mystery Charts
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Understanding US Dollar 2018 2019
I created this chart in December 2024, pointing to the importance of understanding some of the fundamental events shaping USD Index between 2018 and 2019. Why 2018 and 2019.
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