Thursday, January 19, 2017 7:37:42 PM
Thanks for the chart buddy, I like the looks of it!
Yep, on the Weekly I see the $USD came back and tagged that old resistance..
So from what I understand there's a strong chance of China doing a healthy devaluation of the YUAN in the very near future, so I went back to Aug. 2015 when they did a 3% devalue and looked at the effect it had on different tickers. EEM, FXI as well as the General Markets took a healthy nose dive, $USD did a healthy rise of course, as well as Gold if I remember right.. Anyway, just something I'm keeping in the back of my feeble mind :)
Yep, on the Weekly I see the $USD came back and tagged that old resistance..
So from what I understand there's a strong chance of China doing a healthy devaluation of the YUAN in the very near future, so I went back to Aug. 2015 when they did a 3% devalue and looked at the effect it had on different tickers. EEM, FXI as well as the General Markets took a healthy nose dive, $USD did a healthy rise of course, as well as Gold if I remember right.. Anyway, just something I'm keeping in the back of my feeble mind :)
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