There is an inverse correlation between the USD & PoG. The DXY (USD Index) is currently sitting at approx 104.05, forming the Right Shoulder of a H & S top which I've been banging on about for the last few weeks.(see chart below). I was hoping that the right shoulder top would coincide with the close of the SPP. I think I was close.
Anyway, I think we have seen the lows for EVN for the rest of the year. Once the right shoulder is confirmed in the DXY with a close below 101, the PoG will take off and EVN will be back over $4 by March /April.
There is an inverse correlation between the USD & PoG. The DXY...
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Last
$3.63 |
Change
0.050(1.40%) |
Mkt cap ! $7.208B | |||
| Open | High | Low | Value | Volume |
| $3.62 | $3.65 | $3.58 | $27.89M | 7.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 98052 | $3.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 3649 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| EVN (ASX) Chart |