So - to more fully explain those charts i pointed to last night
the EURO/USD cross has now started a super bullish looking move
EURO/USD is 57% weighting of the overall USD index
which as i said previously, had formed a 'h' waterfall pattern that in my experience continues much lower
first technical target is 94 (where blue arrow is pointing)
ultimately its going to 80 if not lower imo - and quite likely at a fairly rapid pace given the head and shoulder
so finally - while it still needs to be confirmed on weeklies - the King USD pressure lid thats been suppressing USD gold, silver, lead, zinc etc prices is gradually lifting
this clears the way for the next economic cycle - which commodities typically lead out
expect increasingly big positioning flows into precious and base metals stocks from here - with the "boom" event being when and if Euro/USD crosses above ~116 and breaks above that falling high resistance trendline
EURO/USD is within an ace of golden crossing - where 50day MA moves above 200day MA.
- Forums
- ASX - By Stock
- BML
- King USD cycle is dying - time to load up on metals exposures
King USD cycle is dying - time to load up on metals exposures
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BML (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.0¢ |
Change
0.015(14.3%) |
Mkt cap ! $26.84M |
Open | High | Low | Value | Volume |
11.0¢ | 12.0¢ | 10.8¢ | $119.2K | 1.028M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 112698 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 185575 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 112698 | 0.115 |
1 | 50000 | 0.110 |
3 | 61625 | 0.105 |
3 | 155500 | 0.100 |
1 | 6000 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 185575 | 3 |
0.125 | 215781 | 4 |
0.130 | 329054 | 4 |
0.135 | 225837 | 4 |
0.140 | 374135 | 2 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
Featured News
BML (ASX) Chart |