usdollar longer term bearish triangle
dollar index suggest it is inside a triangle and another major move lower is in the making, ie wave d
the hype now is QE tapering and usd "very bullish", what has changed? nothing, usa still in huge debt(how many trillions? 4 coming to 5?) and still printing money only slower, does not mean the printing machine will not restart at high gear in the future. Rising interest rate? has it been done? no? then it is just what the crowd think, like the rock said, it doesn't matter......
if most of the world think usd poise to rise strongly due to tapering and interest rate rise, then it will only mean the reverse as the crowd is usually wrong like few years ago when the crowd think the economy will crash and usd become toilet paper(still remember lots of bros showing pictures of that), economy goes back up and now that toilet paper will rise as wave 3, oh my god..... i need to run, toilet paper is coming back....lol
the hype now is QE tapering and usd "very bullish", what has changed? nothing, usa still in huge debt(how many trillions? 4 coming to 5?) and still printing money only slower, does not mean the printing machine will not restart at high gear in the future. Rising interest rate? has it been done? no? then it is just what the crowd think, like the rock said, it doesn't matter......
if most of the world think usd poise to rise strongly due to tapering and interest rate rise, then it will only mean the reverse as the crowd is usually wrong like few years ago when the crowd think the economy will crash and usd become toilet paper(still remember lots of bros showing pictures of that), economy goes back up and now that toilet paper will rise as wave 3, oh my god..... i need to run, toilet paper is coming back....lol
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