DXY possible wave structure

TVC:DXY   US Dollar Currency Index
8364 21 221
Hi Guys, hope you are all having a good time. The DXY             is in an up trend , it is now consolidating on daily for one more up move. The up move has started so let see if it breaks. On lower time frame I am expecting some pullback and then more upside.

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Thanks for sharing!
Thansk for great chart.
Really appreciate your updates & webinars. Thanks very much
Thanks. If DXY go up,...Usdcad posibly up too??
+1 Reply
ivn96 javier.pardo.anaya
Depends on oil ( and because oil is going upwards after the correction,so will CAD ) ; This is why I think DXY impulse will be relatively capped with respect to the dollar impulse on euro , kiwi,aussie, etc.
Real money is Gold and Silver. Paper money only started having value because it used to be backed by gold several decades ago. Now it's backed by nothing except mass delusion and geopolitics.
Since the 2008 economic collapse, central banks around the world have overdosed on financial stimulus and printing money out of thin air. They have artificially suppressed the prices of gold and silver to keep the dollar delusion going.
On April 19th 2016, China locked in the dollar's death by launching their own gold price fix. For the first time in modern history there are now two prices of gold, one in the Chinese yuan and the other in the dying dollar.
If the West were to raise the price of gold, it would kill the dollar completely as it would prematurely instigate the inevitable mother of all safe haven panics.
If the East were to raise the price of gold, it would drain the West's gold reserves due to arbitrage. This would expose the West's fake gold market and kill the dollar. Doing this prematurely means the East could no longer buy gold for themselves at heavily undervalued prices for their post-collapse monetary dominance.
The eventual endgame is that the price of gold skyrockets and the dollar permanently collapses along with the global banking system and modern society as we know it.
VirtualFax MetalCruisers
Though your logic is valid, I don't believe the outcome would necessarily be that black-and-white simple. I suggest the fallacy is your assumption that while China takes active actions around Gold and, correspondingly, USD, the West as a whole and the States specifically will be passively watching from the sidelines. The world economy and every market within it are living organisms. Every action from one side will cause (an) immediate counteraction(s) from the other to ensure the things still remain in balance. The speculations about the death of the Dollar and the deep dive of the American economy along with it began with the "Nixon shock" back in early 70s (i.e. departing from the Gold standard). However, the USA kept getting stronger and more prosperous ever since. It absolutely has its own issues (show me one nation that doesn't) but still is and will remain in any foreseeable future the most sought and relatively safe country to live and invest in. It is still the home base for the world's richest and most powerful people and corporations.

The raise of China and BRIC, in general, definitely adds to the colour complexity of the world's fabric. But calling for the complete collapse of the dollar (unless the US administration finds it beneficial for any reason) and the American economy as a result I suggest is a bit premature to say the least.
+1 Reply
I agree Anil. Upside for the dollar.
for me looking for setup within white break line.

Thank you Sir AnilMangal for ur advices and tips on ur youtube channel. I got a feeling that i will learn more from what u said and i will take ur advices. Im just wonder how can i join u live, so that i can ask questions and so on like what i saw in youtube that there is people interact with u during ur webinar. Btw, u are such a good teacher good lecture and hope that will make u a good person forever. Thank you so much :')
+2 Reply
Thansk for great chart.
Agreed mostly, but if we are in {iii} of 3 it should go up a little faster to retest the c. 10050 highs (and then correct).
Thank you for sharing Anil.
hello Anil
Great work..cheers
can there be any alternate count according to you.
Anil, do we have the free webinar today? Didn't see the invitation yet. Thank you for your great work
still have divergence in 240m
Hi Anil. are we hvin webinar later today ?
+1 Reply
@anilmangal Hi, i would like see your point of view at the moment on this index. Thanks
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