It seems like traders and investors are showing a preference for holding cash, as precious metal prices, cryptocurrencies, and the US30 are all experiencing major resistance. This could suggest a lack of confidence in the current market conditions. However, on a positive note, the DXY and UUP have managed to find support on the 3-weekly chart, indicating that some investors are still bullish on the US dollar.
UUP 3 weekly finds support:
Target 1: 106
Target 2: 112
UUP 3 weekly finds support:
Target 1: 106
Target 2: 112
Again, the kingdom of heaven is like a merchant looking for fine pearls. When he found one of great value, he went away and sold everything he had and bought it.
