long term trend of the dollar index is lower. There looks to be a head and shoulders forming in the long term dollar index chart. From a high around 103 to the neckline of 88, the target would be 73.
I would look for the dollar index to break the neckline next year, 2021, leading to swift declines. All dollar denominated assets would in turn rise in value. This would be particularly good for store of value assets such as gold, silver and bitcoin. Any other commodity should also benefit from a sinking dollar.
This long term dollar decline is a direct correlation to monetary policy of the United States and the federal reserve. This dollar decline most directly benefits asset holders, specifically wealthy people.
I would then be looking for lows around 73 in the year 2023 or 2024.
I would look for the dollar index to break the neckline next year, 2021, leading to swift declines. All dollar denominated assets would in turn rise in value. This would be particularly good for store of value assets such as gold, silver and bitcoin. Any other commodity should also benefit from a sinking dollar.
This long term dollar decline is a direct correlation to monetary policy of the United States and the federal reserve. This dollar decline most directly benefits asset holders, specifically wealthy people.
I would then be looking for lows around 73 in the year 2023 or 2024.