FX_IDC:USDRUB Price is at a significant resistance zone. Currently, price is overbought and should have a pullback regardless. This will either retest the support line, continue up, or make its way back down to the bottom of the ascending triangle. From there we will see if price breaks, retests, and continues downwards to the next daily support zone or bounces...
BRICS (without Russia and South Africa) appear to be ready to make a move here as it breaks out from a long-term downtrend while bouncing off the longer bottom support area after a PSYCH play lower. This is a great risk-reward setup to catch a nice wave up. This particular setup doesn't come along very often as you can see. Make sure to follow as I will be...
The US Economy Is 25% Of the Global GDP with just 334 million (4.25% of the global population) This is extremely important to understand because it gives you the context required to better understand so many various narratives that are pushed all over media and politics. Here are some examples China has 1.45 billion people (18.5% of the global population)...
Bearish wedge for the Dollar strength index. ABCDE Pattern forming - we should get the E as this bearish move plays out. still could see another short term rally heading into the FOMC meeting July 26TH. *another pause from the fed would cause more weakness in the DXY *Fednow rumoured to go live July 20th - although still a rumour. *Extra liquidity will be...
so from my previous analysis my dxy analysis was accurate, however, I'm looking at a short on dxy, brics has now become ar active movement on the abolishing of using USD as form of currency, this means that the dollar index will fall
www.tradingview.com We'll see how this plays out. I think we will see DXY at historic lows within the next few years. I believe this because the USD is on track to lose world reserve currency status and US government doesn't seem to be taking it as serious as they should.. If this was to happen, the USD would hyperinflate and interest rates would be forced to...
The BRICS theory refers to an economic concept that emerged in the early 2000s, highlighting the growing influence and potential of five major emerging economies: Brazil, Russia, India, China, and South Africa. While the BRICS theory primarily focuses on these countries' collective impact on the global economy, it can also have implications for currency pairs like...
One last pump for US Dollar then the empire begins its 20 year decline
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. For the past eight decades, the U.S. dollar has been the dominant global currency following the Second World War. It has been widely...
The nearest key levels for OANDA:XAUUSD is between 2031-2057 Either wait for a retest at the 2031 key level and take a buy to 2051 for 250 pips OR Wait for the 2057 key level to get tapped and if price shows signs of rejections sell down to 2031 for 250 pips Follow me for more!
In the contemporary global landscape, compelling arguments exist for a pro-Gold, pro-China, pro-BRICS case and a pro-US, pro-USD case. This extensive analysis will explore both perspectives, starting with the pro-Gold, pro-China, and pro-BRICS cases. The global commodity supply and demand pricing dynamics reveal a shift in gold businesses from the US to China....
The US dollar has maintained its status as the world's dominant reserve currency for decades, thanks to its perceived security, resilience, and the depth and liquidity of US markets. Despite concerns surrounding the dollar's hegemony, it remains a crucial player in global transactions. Meanwhile, China's economy faces challenges, such as growing provincial...
THE MARKET STRUGGLE IS REAL. ACCOUNTS DON'T KNOW WHAT'S REALLY GOING ON. WHEN I POST THE "W" OF THE TVC:DXY YOU WILL SEE AN ASTONING "W AS WELL... BUT ON A LARGER TIMEFRAME. THIS IS ALL JUST A WAITING PERIOD FOR ALL MARKETS TO FINALLY ALIGN AND ATTUNE THEMSELVES FOR THE NEXT PHASE... AND IF TVC:DXY FLOATS AND STAYS ABOVE HKEX:104 THEN ACCOUNTS ARE IN FOR A...
Oil looks to be rising due to global market condition and BRICS
Petro-Dollar chart to illustrate the inevitable collapse of the current world reserve currency: The U.S. needs cheap oil prices for the dollar to remain competitive globally and to retain the world reserve currency status 🇺🇸 🛢 💸 They accomplish this by controlling oil production globally, flooding the market with oil products, while synthetically increasing...
With the looming BRICS news I have turned my eyes to the Yuan/ dollar pair to ride the short for the exit of the Petro dollar. THIS IS A Q2 SWING MOVE This will not be a linear drop FYI! Very very choppy as US will attempt to pull out all the stops to avoid the collapse of the Dollar safe haven. Top Down Analysis: Using the Monthly I plotted out the High...
BRICS nation are growing root in rapid speed. Mexico has joined BRICS recently and many are lining up. China just mediated a diplomatic pact between Iran and Saudi Arabia, gaining more grounds in Middle East. A new superpower bloc in the making. A potential new reserve currency that is backed by commodities such as gold is on the rise. We are seeing majority of...
US This week will be a fairly exciting to monitor as Interest Rate announcement and Non-Farm Payroll data will be release. Two heavy hitting news that is very key to understanding further trends in the markets, especially on DXY. Through entire January 2023, DXY is consolidating steadily and holding ground around 101.500 area. Could this week’s high impact news...