Last week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear...
Stock market up... Crypto up... Precious Metals up... what is going down? Your buying power... if you hold CASH! Not many are really noticing that with historically (even lower) low interest rates and helicopter money being written in checks to everyone that we may now be visually seeing the inflation of the USD.
I am speculating a -6% drop in the US Dollar...
the graph of this index shows that there is a very strong probability that it will experience an uptrend up to the level of 100.495
in the next few days
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The complex dollar index has recently risen from the daily chart support level. Not only that, in 1H, the US dollar index completed the bottom of the W pattern and broke upwards to the horizontal resistance level of 99.60. It is expected to move towards 100.30 first.
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Historical trend tell us that at the moment the DX1! US DOLLAR INDEX FUTURE is evolving above his past long range and might return to it from next month.
The probability is increased when we see that there is...
We can see that there is a clear range illustrated by the market . The top and bottom blue lines are the new support and resistance.
We have two clear reasons to see that the possibilities for the market going bullish increasing significantly :
-The formation of the candlesticks on the support line, taping the line to rebound .
-Combined with the strong...
This may be the most important chart for me in the big picture sense because I will use it's cues to help me decide if my dollars are safe or if I need to protect against inflation now. This chart shows the dollar is either going to pop or drop, hell maybe both(we already had one fakeout to the upside). My feeling is that we are first in for a major deflationary...
The US Dollar Index (USDX, DXY) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies.