Breaking News] USD Index Lowest Since January 2015

in #market8 years ago

Today the USD Index broke out further to the downside. It is currently at 91,59 and that is the lowest it has been since January of 2015. Here is the daily graph:

FireShot Capture 508 - US Dollar Index - Investi_ - https___www.investing.com_quotes_us-dollar-index.png

Comment: As you can see, we broke out from the last low 7 days ago. So, the downside is pretty big here. Here is the monthly chart:

FireShot Capture 509 - US Dollar Index - Investi_ - https___www.investing.com_quotes_us-dollar-index.png

Comment: In this chart we can see that it is possible for the dollar to fall back to the 84-85 level and that would be quite a dramatic fall.

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That means good days ahead for precious metal!

yup, check out my last post here:

https://steemit.com/gold/@freeforever/gold-and-silver-are-up-again-gold-at-yearly-highs

The future looks bright for these two guys;)