I am curious to see what direction we will break towards from this multi year triangle.
With increasing political, social and economic pressures mounting in the US, alongside emerging competitors on the global stage, fundamentally we cannot exclude a break upwards, from which we can potentially see a ~10 year trend culminating with a retest of pre-2014 levels of RUBUSD.
Lets not forget that Russia has partnered with China, crushed all political opposition, and recentralized their economy. I am in Russia now and I can see how clean, peaceful and developed it is in the major cities compared to New York, Los Angeles, Chicago, etc. America is a dying crapheap, that I see with my own eyes throughout my travels.
And yet, the technicals favor the USD, which has been able to take a beating and come out swinging time and time again. Never bet against the house. China has a long way to go before it can challenge the US economically, let alone politically. The US has a military stronghold over the entire world and it will take perhaps a century to cleanse the world of its army bases. And it is on this stronghold that its hegemony stands, after all.
Anyway, I'm not calling anything. I just want to check on this analysis 5 years from now and judge my chops.
Regards
With increasing political, social and economic pressures mounting in the US, alongside emerging competitors on the global stage, fundamentally we cannot exclude a break upwards, from which we can potentially see a ~10 year trend culminating with a retest of pre-2014 levels of RUBUSD.
Lets not forget that Russia has partnered with China, crushed all political opposition, and recentralized their economy. I am in Russia now and I can see how clean, peaceful and developed it is in the major cities compared to New York, Los Angeles, Chicago, etc. America is a dying crapheap, that I see with my own eyes throughout my travels.
And yet, the technicals favor the USD, which has been able to take a beating and come out swinging time and time again. Never bet against the house. China has a long way to go before it can challenge the US economically, let alone politically. The US has a military stronghold over the entire world and it will take perhaps a century to cleanse the world of its army bases. And it is on this stronghold that its hegemony stands, after all.
Anyway, I'm not calling anything. I just want to check on this analysis 5 years from now and judge my chops.
Regards
Comment:
Beautiful macro breakdown