Will The U.S Dollar Collapse ?OANDA:XAUUSD
Currencies fall for various reasons and they include:
1. Political or economic disorder
2. Hyperinflation
3. War
4. A labor market decline
5. Recession, among various other reasons.
1.The United States has weathered several political and economic disorders since its formation in 1776. The country was on the brink of collapse during the Great Depression in 1929 but successfully weathered the storm in 1939. Not only did it withstand the Great Depression, but it also fought World War II with valor the same year. The will to overcome all odds is in the blood of Americans come hell or high water. Therefore, the US has more chances to overcome political or economic disorder due to this very spirit.
2 Hyperinflation
Inflation in the US is high but has not reached hyperinflation yet. The Federal Reserve managed to bring down rates from 8% to 6.5% and are rowing the boat, despite muddy waters. Hyperinflation taking over the country with daily essentials becoming 50 times more expensive might never be a reality.
3. War
The US is technically not at war but funds wars overseas, be it Ukraine, Syria, and Yemen, among other countries. A rogue nation attacking the US since 9/11 is nil, and the country is not at war today. The US is more equipped to handle and thwart terrorist attacks today than it was ever before.
4. Labor Market Decline
The job markets remain robust despite several leading tech firms firing thousands of employees since 2020. Businesses are thriving, and jobs for small and big-level employees remain open for hire. Though the job markets remain on shaky grounds, it managed to sustain and grow, even in muddy conditions.
5. Recession
While talks of a recession are growing louder, a recession has technically not hit the markets yet. Both the stock and cryptocurrency markets are doing favorably well in 2023 and generating decent returns for investors. However, a recession cannot be ruled out, as there’s pressure on the financial markets.
Considering all the above points, the US stands in a favorable position with the only recession being its weak point. Moreover, since a recession is yet to arrive (or might not arrive), the weak point can be removed for now. In conclusion, the other sore spots can be worked upon and brought under control in the coming years.
So Will The US Dollar Collapse?
BRICS is yet to finalize a new currency in the upcoming summit in South Africa. The problem with BRICS nations is that decisions are not made swiftly and quickly due to various factors. Asian countries working with each other is not as easy as said.
The factors involve India’s broken relations with China and vice-versa. India and China have always been on the wrong ends, and the bitter political disputes could only make things worse.
Technically, the US dollar is backed as the default global reserve currency with billions worth of trades being executed each day. The US dollar has a special status globally and is considered one of the safest currencies. The United States is still the biggest economy in the world with an annual GDP of around $23 trillion.
Even if the US falters, it always has and will find a way to remain at the top and be an undisputed global leader. The Great Depression is one big example of how nothing is impossible for Americans to succeed in troubled times.
Dollarcollapse
GOLD: Rise of Gold and collapse of US$OANDA:XAUUSD
There is no doubt that Gold is safe heaven for buy
But in few day's gold have went abnormally high , which quit uncertain movement
Just to cool down price action , Gold can hit resistance at 2033 and will be back to 2010 mark
Long term gold will remain bullish , for a short term Pull back or correction is inevitable
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FKLI 4Yr Plan (2022-26): Retest ATH by 2026 *if no USD Collapse*$FKLI
FKLI recovery map (2022-2024/26)
Dec'22:
Bounce continue post-GE
mid'23: reclaim 1,598
end'23: reclaim 1,698
mid'24: retest 1,600 from 2023 peak
mid'24-early'26: reclaim 1898...
@ 2026, what's next?
case A: Fed cont QE, ATH or new ATH on inflation
case B: Dollar collapse, world plunge into abyss.
thanks for reading my crystal ball analysis lol 🔮
see you in 2026! 💫
IS DXY AKA DOLLAR ABOUT TO COLLAPSE?Is history about to repeat itself once again.
The dollar has enjoyed a spat of Bullishness since may last year. It seems to be slowing down at present though.
Running into Monthly fibonacci levels at present the .702 is holding. I'd like to see a close below the .618 next to confirm the move to the downside, targeting D extension @ 84.6
Because the market likes round numbers, I wouldn't be surprised to see a final push up towards the .786 aka 100. Technically price can push as high as 102 and still be printing Lower Highs on the weekly and monthly timeframes. This is bearish price action, given the state of the world economy at present. Especially the USD, I can't see the DXY making an impulsive move upwards. This leads me to believe that the local top for DXY is nearly in and with it a bearish couple of months will follow.
On a macro-economic level, what we could see playing out here is essentially the collapse of the US Dollar. It has maintained dominance and world reserve status due to the petrodollar. As the US pushes for sanctions more countries are moving away from the Dollar. One significant move has been the rise of the Petroyuan. China's response to economic warfare committed by the US. Once this is fully established demand for the Dollar will not only go down, it will collapse. Not to mention the US currently has inflation at around 8% whilst China is sitting pretty at around 0.9%.
There is a clear winner here and it is not the dollar. So either a miracle happens or we are about to witness a new world order. Time will tell, either way what we're witnessing is a massive shift in the global powers. The USA is on its last legs and they seem to be digging an even bigger hole than the one they're already in.
DXY CAPITULATION PENDING A WEEKLY CLOSEAfternoon people,
Thanks for taking the time to check out my Technical analysis, much appreciated. Constructive comments are always encouraged.
DXY has enjoyed a lot of strength in recent weeks, strangely baffling seeing as since 2020 the supply of USD has increased by 30%+. There is now more Dollars in existence than have ever been, yet according to recent strength it would seem people still trust the Dollar. It seems like a recipe for disaster if you ask me. The dollar is weak, it has been since Nixon unpegged it from the Gold Standard, thus sealing its fate as a fiat currency. History shows us how it ends for "world reserve currencies", the cycle is around every 100 years. Guess how long the Dollar has been in power for ;)
Price attempted to breakout to the upside last week, completing the impulsive move from 94.56 to 96. However the .5 fib held and sellers stepped in causing a considerably big wick. Indicating buyers are struggling to break through the fibonacci levels that are acting as resistance. we closed with a huge wick on the weekly. I'm now waiting for a weekly close below the aforementioned levels to indicate a continuation to the downside. This adds further confluence to my idea posted earlier in regards to Bitcoin. It would seem Bitcoin has found its bottom and we should now be expecting Bitcoin to start moving towards my 233K targets.
Once DXY starts collapsing, the downside targets at the D ext. are 86 & 82 respectively.
It is my belief that we will be seeing the Dollar collapse as Bitcoin goes on its parabolic blow off top phase of the market cycle (something we haven't seen yet).
Regardless of how far Bitcoin goes, it needs a DXY collapse to do so. Similar to 2017. So far Bitcoin is inversely correlated with DXY. Observed today we can see weakness in the DXY has led to Bitcoins price rising and therefore the rest of the crypto market across the board. This is just the beginning. Don't be disillusioned, when Bitcoin does pullback, which it will. This will be a great buying opportunity. Be patient & ENJOY the show.
Remember to take profits as you go and scale out. We don't need to pick tops. No one ever went broke taking profits.
Happy trading,
Big Love
$3,000,000,000,000+ Cryptocurrency Market Cap Coming SoonJust mapping out glimpses of some important past events and fundamentally mapping out what to possibly expect in the near future or even this year. This decade Bitcoin is on its way to becoming the global reserve asset of choice, Ethereum is becoming the second layer of the internet, Decentralized Finance will have massive global adoption, the dollar is collapsing, the majority of assets and data will be on some form of blockchain.
We're literally seeing a paradigm shift right before our eyes regarding Bitcoin and cryptocurrency. We're living in a diamond moment in the context of world history. There is an extreme Fear Of Missing Out on Bitcoin (FOMO) happening within wall street, governments, businesses, financial firms, and multinational corporations worldwide. The entire cryptocurrency market will parabolically expand this decade. This of course is purely from a fundamental standpoint.
Just my opinion. As always Much Love and Peace!