1) These kind of predictions are about as useful as throwing dice. 2) Eliot waves are the same kind of rubbish as trying to make shapes out of clouds. 3) by the time 2050 comes around there will likely be a world currency and no us dollar. We've recently seen how other countries can't tolerate a high dollar for extended periods of time so AUD at .20 is a fantasy. Commodities like gold would have to go into double or single digits
AriasWave
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@xagusd77, Thanks for the feedback. Your predictions about world reserve currency are based on what exactly? 2050 is a long way off, I don't think anyone cares about 2050 right now.
xagusd77
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@AriasWave, you care about 2050 since you said the US dollar should appreciate for the next 10, 20 to 30 years that's the only reason I mentioned it. We are seeing more and more international co-mingling and globalization today and its accelerating fast. Id be very surprised if forex even existed 30 years from now. With an increasingly stronger dollar, theres no way the world economy could function for the next 5 years much less 30. Nobody is going to sit around and watch their currency becomes worthless. Something like this might be a catalist for a new currency who knows but there's no way aud will see .20
JoeChampion
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Good job!
Sydsharaf993
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Should we sell at the moment with Audusd?
AriasWave
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@Sydsharaf993, I will be putting out a price action update today, right now it doesn't look like it.
2) Eliot waves are the same kind of rubbish as trying to make shapes out of clouds.
3) by the time 2050 comes around there will likely be a world currency and no us dollar. We've recently seen how other countries can't tolerate a high dollar for extended periods of time so AUD at .20 is a fantasy. Commodities like gold would have to go into double or single digits