Despite the news that the USA is weak and no longer can hold a hegemony of world currency, I think we will see massive shifts in the economic environment over the next 2-3 years. And everything will begin to change this year.
I've been spotted with the DXY chart for many years, and my previous scenarios worked great, so I think it is time to share my vision on TV.
According to my chart of DXY, I suggest that we look at the massive accumulation that has continued for 10 years.
We will see the USD hunt all over the World in the coming years. All assets will lose their value massively. It will be the biggest re-distribution of assets and values since GD1929 and WW2.
My analysis gives me the following expectations:
The main targets for the year will be 121/129/136. The scenario is a rapid rise from current levels to around 105-105.5, followed by a small 1-week accumulation. For some reason, it seems this should take 4 to 8 weeks, and the maximum signals from the chart for further growth will be completed by the end of February 2024. So far, I consider an impulse from 101 to 105 (conditionally) as the initial necessary signal - I understand that the cleaner it is (minimum pullbacks, constant growth, higher high, higher low on the younger TFs), the stronger the move will be.
When the initial signal (impulse 101-105) is completed, we will see the beginnings of the shift in economic media content. They will talk more about economic weakness than ever before. Today's mega-bull expectations will be smashed completely.
Trade with stoplosses. Always think about risks and hold to your money management strategy.
I've been spotted with the DXY chart for many years, and my previous scenarios worked great, so I think it is time to share my vision on TV.
According to my chart of DXY, I suggest that we look at the massive accumulation that has continued for 10 years.
We will see the USD hunt all over the World in the coming years. All assets will lose their value massively. It will be the biggest re-distribution of assets and values since GD1929 and WW2.
My analysis gives me the following expectations:
The main targets for the year will be 121/129/136. The scenario is a rapid rise from current levels to around 105-105.5, followed by a small 1-week accumulation. For some reason, it seems this should take 4 to 8 weeks, and the maximum signals from the chart for further growth will be completed by the end of February 2024. So far, I consider an impulse from 101 to 105 (conditionally) as the initial necessary signal - I understand that the cleaner it is (minimum pullbacks, constant growth, higher high, higher low on the younger TFs), the stronger the move will be.
When the initial signal (impulse 101-105) is completed, we will see the beginnings of the shift in economic media content. They will talk more about economic weakness than ever before. Today's mega-bull expectations will be smashed completely.
Trade with stoplosses. Always think about risks and hold to your money management strategy.
