We are approaching the .5 line on the Fibonacci retracement. This is a DECADE long Fib! In my opinion, if the Crypto markets want to continue moving up, the DXY must break the .5 level! If it double bottoms and starts moving back up, the crypto markets will be put on hold. However, I do believe it will break. There was a DEATH CROSS on the weekly chart mid...
Clearly on a descending formation now, 3 levels of support on our updated chart and MOST IMPORTANTLY: Jerome Powel will talk in a few minutes.
Get ready, expect volatility, trade!
Prognostics: I am 61% Bearish on the dollar at this very moment
Our updated Dollar chart. Close to major resistance again.
Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short:
no inflation, dollar is doomed...what happens to gold then? it goes UP
high inflation, dollar goes down and therefore people tend to hold money in the form of gold (and btc). Therefore, in...
Dollar rebounded off 89.56ish and rallied hard today.
If it breaks below 89 we will see a plummet to the mid to low 88, I believe.
I think 2018 is a good benchmark for current DXY behavior, and what to look for in the oncoming weeks.
But what's concerning, in regards to the dollar's current trend, is the length/duration of 2018 decline is shorter than current...
The U.S. DOLLAR CURRENCY INDEX is consolidating at the last line of support.
After the buy signal will come, i will long the breakout.
I seems like a simple trade!
Please leave me a message if you want to test the buy and sell indicators that i am using.
Its not rocket science, its pure math.
History doesnt repeat exactly in the same way, except with fiat, with fiat always ends in the same way, doesnt matter how powerful the empire is.
You can't print +25% of shares in a year and expect the value going up in an asset with +100 years of history.
When US dollars were based in a scarce asset like gold the math...
Well guys we will find out soon, on Wednesday.
Last Friday we were all bombarded with headline news for poor jobs (NFP) but we did not neglect to take into account 2 things:
a. unemployment rate dropped (good for dollar) - important
b Average hourly Earnings rose by 0,8% (vs 0,2% forecast) - VERY IMPORTANT!!!
Why was average hourly earnings so...
The U.S. Dollar Currency Index is sitting at it`s last line of support.
If it doesn`t bounce now, then when?
The indicators are looking bullish on lower timeframes. Like this one, the 1h!
If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
The most important asset, the world's exchange currency, the United States dollar.
Our previous chart and calculated support has been working perfectly
It is now highly probable that in the next few days we can experience the dolalr rising against other major currencies. Especially against eur, jpy and gbp
Our small chart will follow to make things clearer...