The TWI is swinging wildly from +0.8 - -0.8 correlation ratio in such a short space of time 6 months by eye balling that I am not sure if it is usable with due respect. This is the first impression and obviously I am thinking aloud. Perhaps we can have a further discussion on a longer term basis because TWI as I understand is the actual trading measure against its major partners.
I am using here the USDX (red line) against gold weekly TF to get a bigger perspective.
I see negative correlation generally speaking BUT initially at the $1900 retracement they were again negatively correlated including the run up to $1900.
NST Price at posting:
$4.28 Sentiment: Buy Disclosure: Held