Multi-year breakout seen here.
If you look up closer in the 2-4 hour charts you can see what looks like a flat consolidation forming with a 3-3-5 structure.
From what I can tell that flat is complete and we are now continuing our push to the upside.
This breakout supports the notion that we will experience a blow-off top in the equity markets caused by a falling dollar. (totally speculation, but I find it possible)
1st Target is $1.20
If we get past $1.23 this thing might start flying higher, which would mean the dollar will most likely crash. Perhaps this is being caused partially by congress arguing about raising the debt ceiling to fund expenditures.
I certainly wouldn't want to accept someone's CREDIT (because dollars and fiat are Not money) if I knew that they were over their limit and possibly not going to raise it......
Our legislators sure do like to play Russian Roulette with our country.
It's like they're so busy arguing they've forgotten that we do business with the entire world. Not just inside their stupid partisan heads.
(Not financial advice)
If you look up closer in the 2-4 hour charts you can see what looks like a flat consolidation forming with a 3-3-5 structure.
From what I can tell that flat is complete and we are now continuing our push to the upside.
This breakout supports the notion that we will experience a blow-off top in the equity markets caused by a falling dollar. (totally speculation, but I find it possible)
1st Target is $1.20
If we get past $1.23 this thing might start flying higher, which would mean the dollar will most likely crash. Perhaps this is being caused partially by congress arguing about raising the debt ceiling to fund expenditures.
I certainly wouldn't want to accept someone's CREDIT (because dollars and fiat are Not money) if I knew that they were over their limit and possibly not going to raise it......
Our legislators sure do like to play Russian Roulette with our country.
It's like they're so busy arguing they've forgotten that we do business with the entire world. Not just inside their stupid partisan heads.
(Not financial advice)
Comment:
Comment:
The dollar is crashing. Complete mirror reflection of the EUR/USD.