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DXY - When the Wind Blows, the unwashed Laundry wafts INNational Currencies in the European Union? Hmmm... Good Luck in the Short Run, the disarray will be compelling viewing. European officialdom is now reeling from THE outbreak of apostasy within its own ranks. Adios Angela and a subtle reminder of 2010: " It is an existential test and it must be overcome ... if the euro fails, then Europe fails,” she said 11 Years later and she has one foot out the door. Failure, it appears was THE option. The disintegration of the EU due to financial panic on international markets will spread contagion to the United States. America’s $30 trillion debt load from Obama to Biden, the burden has become rather large. The Largess is not to be easily contained. American banks will see trillions of dollars in losses due to credit exposure within Europe's Financial Edifice. Deutsche Bank AG readily comes to mind - the Zombie Bank eating the brains of it's Depositors is overdue. The very solvency of the entire American financial system will be tested without remorse, regret nor remediation in a timely fashion. What of Uncle Buck? It is safe to assume, yes safe - Inflows into the Dollar and US Assets would flow from Europe, Asia and about any piece Sovereign on our little blue ball in space and time. Will it, it will it result in the (and I hold immense disdain for this term) GREAT RESET. Stay Tuned intelligent observers, we maintain everyone loses a Hand.
FRED:FEDFUNDS
by HK_L61
Head And Shoulders Pattern - Weekly Chart - Dollar IndexChart shows the possibility of the Head And Shoulders Pattern on the weekly chart and the target. Chart also shows the highly dynamic support line which was broken and not re-tested in 2014 and could be the target before any reversal in the trend. Head and Shoulders marks the bear market and the neckline has already been broken and re-tested. In my opinion, the Dollar will now be losing power very quickly. You can see potential EUR / USD and GBP / USD targets at the links below.
TVC:DXYShort
by mytradingidea
1
Dollar Inverted Head and Shoulders into Possible Cup & HandleHere we have several bull patterns on the dollar futures. First we established and broke out of a bull pennant, Then we moved onto another bullish pattern, inverted head and shoulders, and now we've developed a cup. Is this a handle that formed on the cup? Whichever way you look at it, this is very bullish price action on the dollar. What I'm looking for is the price to break through resistance and into the blue channel while flipping the resistance into support and ultimately capturing the top of the blue channel. ICEUS:DXY
ICEUS:DX1!Long
by jakelikesstocks
Time for the USD to rise...Previous talk about USD destruction, etc. have come a long way, and the USD indeed has devalued due to fundamentals. However, it broke out of a falling triangle/wedge, tested and is on the break out. For whatever reasons, the skew in the markets have pushed the USD too far down, and it is time for a USD rise. Clearly, sparked off by fear and such... so much so that bonds, precious metals and crude will be affected. In retrospect, in mid-September, the signal was given as a preemptive warning. Now, it is in a true breakout and should have its effect on dropping Gold and precious metals such as Silver. Crude would suffer. Bonds should be in good demand, etc. Technically, the MACD (middle panel) is already showing support. The BMT (lowest panel) showing the relative strength and momentum is also breaking up with gusto, in good support for a size-able run up. The USD Index is about to have a massive run up towards the end of the year, targeting 102 possibly, based on chart pattern break out.
ICEUS:DX1!Long
by Auguraltrader