It could be wedge developing
There is similar picture in AUDCNY
If TYX breaks above recent High High was it 3.15 ??? or something like that?
If it breaks it means there are two forces playing
One Deflation in general economy
Second - US Treasury bonds become RISKY!!! That's why TYX is going up
FED will follow
So there are two scarce commodities left on a table
GOLD and BITCOIN
watch them carefuly
... about Stochastic - I would not touch Gold before Bear Level on Stoch is broken - pink line
But why is AUD going up, up, up - have no idea!!! That move is corrective and it started in 1978
First UP later Down and after as HIGH as 1.5 USD for 1 Australian Dollar - Why???
Anyone can explain???
There is similar picture in AUDCNY
If TYX breaks above recent High High was it 3.15 ??? or something like that?
If it breaks it means there are two forces playing
One Deflation in general economy
Second - US Treasury bonds become RISKY!!! That's why TYX is going up
FED will follow
So there are two scarce commodities left on a table
GOLD and BITCOIN
watch them carefuly
... about Stochastic - I would not touch Gold before Bear Level on Stoch is broken - pink line
But why is AUD going up, up, up - have no idea!!! That move is corrective and it started in 1978
First UP later Down and after as HIGH as 1.5 USD for 1 Australian Dollar - Why???
Anyone can explain???