What happened to $ when it split from GOLDThis is a very simple and clear chart.
The Yellow line is the Value of the $ when it was pegged to the GOLD standard
In 1971, President Nixon "pressed the Button" and finalised the departure of the $ from Gold and the Value began to be set by "Government"
And Look what happened Ever since.
Onlt once, for a period of 3 years, did the Value of the $ exceed what it had been before, and that was after a Long and painful recession that had inflation up to 14.6 %
Key moments are in the chart below
There are mounting calls for the $ to return to the Gold standard but they maybe coming to late as international pressure is rising on the $, or the start of the Lack of use.
As I have been saying for months now, The $ is maybe coming to the end of its monopoly and one of the reasons for this is simply that, as can be seen on the embedded chart, the value of the $ rises when there "Issues". Starting way back, The Value ROSE steeply while Recession was high, interest rates earn the banks money, the higher the better
War also creates money and to avoid a global conflict right now, the use of the $ is being reduced maybe ?
What is FACT is that the $ is being dropped like a Hot Rock around the world right now by some Major world players in major global enterprises, costing the banks $Billions and so weakening the USA standard
Value will Drop, Recession is coming and the BIG question is how will the $ react to recession this time, if no one is using it, why will its value rise like it did in the 1980's ?
Readopting the GOLD standard may save it but then we have countries like RUSSIA and CHNA heavily investing in gold for the last 20 years. they have MASSIVE reserves
Interesting days ahead for ALL Markets
Get a plan and stick to it
Dxyindex
🥇Gold🥇 Analyze [Road map!!!🗺️(04/05/2023)]Gold confirmed the end of wave 4 after breaking the upper line of the symmetric triangle.
The corrective structure of wave 4 is Double Three Correction(WXY).
Gold is completing microwave 3 of the main wave 5, and most likely the end of this wave is in the Price Reversal Zone (PRZ).
I tried to show you the end of wave 5(zones) on the chart:
🟡 Target : $2068-$2057🎯
Gold Analyze ( XAUUSD ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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#DXY- BUY XXXUSD to catch Big Moves!!Dear Traders, following yesterday data on NFP we have now identified that USD pairs will be bullish for longer time as fear of recession has risen again, from negative NFP to increasing tax on Capital gains, everything indicating towards a negative DXY; we also have CPI next week which will be interesting and important for the investors and traders. It will be better to leave USD pairs alone on Monday where we will have a better understanding of the price action.
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DXYThe last bottom is really important to change or continue bearish trend. As you know we need DXY to analysis most of the charts so we should know DXY trend. If price break down the bottom it can continue and cause to break and change most of my analysis. if price turn before the last bottom, it can go up to around last top and all of my analysis is true, and you can use it. if price touch bottom line and turn to up, we should analysis DXY with next wave to change analysis DXY and other charts.
[DXY] short term bearish (but long term bullish)In daily TF, the price structure shows the beginning of a correction after a rise of about 28% (from the support 90), confirmed by a triple top of DXY, a MACD triple top and a bearish divergence of RSI.
In monthly TF, we have a strong uptrend due to a huge bullish divergence and a triple bottom.
DXY 04 April Next MovePair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame as an Corrective Pattern with the Breakout of the Lower Trend Line
Selling Divergence
Completed " 1234 " Impulsive Wave
Break of Structure
Symmetrical Triangle in Short Time Frame and Breakout the LTL and Completed the Retracement
Impulse Correction
Rejection from Fibonacci Level - 38.20%
DXY reaches decision TimeDXY has now arrived at its Long term CUP pattern line and needs to make a choice. Is it going ot show stregth nd push bck up for a while OR will it fall through ?
On the international stage, Fundamentally, DXY is under pressure as the $ is dropped by a growing number of countries, for international trade settlements. This used to be a MAJOR use of the $ and earnt the banks a lot of money. This is Going.
On the Home Front, The political games in the USA may also have an impact
Technicaly, DXY is in a position to push higher. Weekly and Daily MACD & RSI have Room to move higher. and PA is in a good position, if it pushes higher here, to make a Strong Double Bottom
Should PA drop through the CUP, then we could continue to reach the 98 mark in time. HOWEVER, ever since 1971, when DXY began creating these Cups, the Cup line has not been broken since 1985. PA is also sitting n a strong line of support.
I think it is worth watching DXY this week...It may well improve
DXY Weekly CloseOnly a personal opinion - DXY Weekly
Seems positive for the USD today; look out two weeks, and it can still remain around the 102 level.
It will be sideways in the area 102-103 for the following week, now attempting to go to area 103.
If it break, the area 103 will continue to the area 104,448.
Perhaps the usd will receive some good news.
The DXY is trying to fill the Gap🚀!!!DXY completed its zigzag correction(5-3-5) near the Price Reversal Zone (PRZ).
DXY will move towards filling the gap after the downtrend line breaks (at least the growth that DXY can do).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY FALL INCOMING! xxxUSD to SPACEDXY us currently BEARISH and we are only look for SHORTS here.
How does this help us trade the market?
RULE - DXY goes DOWN, xxxUSD go UP
CHEATSHEET - Your xxxUSD trades will not move if DXY isn't ready for that big impulse legs
I make sure when I take SUD trades that day is in full support of the direction am taking.
I won't get in on any new xxUSD LONG if DXY hasn't reached the UB (Upper Band ) on the H4.
We already have the EMA CLOUD, so every UB will be a badass impulse trigger (Learn the HOOD SUITE SYSTEM)
I will be on full throttle LONG on xxxUSD (check for NOTIFICATIONS to see which of the USD pairs we will be attacking) when DXY reaches the UB on H4 as the next impulse leg should kick in from there.
INVALIDATION - IF we get a close on the PREV HIGH level then we will chart a course for the next move when that happens.
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
America’s dominance will be over by 2030Dedollarization is a complex and multifaceted trend that is driven by a variety of economic, political, and strategic factors. While it is true that some countries are seeking to reduce their reliance on the US dollar, it is unlikely that the dollar will be completely dethroned as the world's dominant reserve currency in the near future.
In terms of the impact on the US financial system, there could be some challenges if dedollarization continues to accelerate. For example, if countries begin to conduct more of their trade in currencies other than the US dollar, this could reduce demand for US Treasury bonds and put upward pressure on US interest rates. Additionally, if the US dollar loses its status as the dominant reserve currency, this could undermine confidence in the US economy and make it more difficult for the US to finance its current account deficit. However, it is difficult to predict how these factors will play out over time, and much will depend on how the US responds to the changing global economic landscape.
The potential collapse of the US dollar could have a global impact on various aspects of the economy, including international trade, investments, and financial systems. Therefore, it is possible that such an event could have indirect effects on the emerging economies and ultimately impact the lives of citizens around the world.
However, if you have no bank debts in your name, you may not be directly affected by a collapse of the US dollar. Your financial situation would depend on your sources of income, savings, and expenses in your country's local currency. If you earn income in a different currency other than the dollar, have savings in multiple currencies and commodities, and spend primarily in your local currency, the impact of a US dollar collapse may not be significant for you.
It's worth noting that financial crises and economic downturns can have wide-reaching effects on various aspects of life beyond personal finances, such as job opportunities, access to goods and services, and political stability. So while your personal finances may not be directly impacted, other aspects of life in your country could be affected by a collapse of the US dollar.
The potential impact of a collapse of the US dollar in your country's economy is difficult to predict with certainty. However, if there were a significant economic downturn or financial crisis, it could potentially lead to a decrease in job opportunities and reduced economic activity, which could make it more difficult to find work or generate income.
Access to goods and services could also be impacted in the event of an economic crisis. For example, prices of imported goods could rise, making it more expensive to purchase essential items. In addition, supply chain disruptions or shortages could impact the availability of goods in local stores.
Political stability is also an important consideration in your country, where protests and social unrest may have become more frequent in recent years. While protests are generally peaceful, they can sometimes escalate into violent confrontations with police or other authorities. Depending on the severity and duration of any political instability, it could impact access to goods and services, as well as personal safety.
Having savings for one year could certainly help you weather any potential storm, but it may not be sufficient to protect you from all the potential impacts of an economic downturn or political instability. It's important to stay informed about the current events and developments in your region and to have a contingency plan in place in case of an emergency.
The fall of the EURO with a 🗻Double Top🗻 pattern!!!It seems that according to the regular divergence(rd-) between the two peaks created in the 🔴resistance zone🔴, the possibility of creating a Double Top pattern after the breaking of the uptrend line is very high.
Since the DXY analysis is bullish, the probability of the euro falling after breaking the neckline of the Double Top pattern to the 🟢support zone🟢 is high.
The Double Top pattern is likely of the Adam-Adam type, which has many credibilities.
DXY analyze👇
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dollar index short viewHow low can the dollar index go?
We can draw a large long-term channel on the chart, and we see that a large accumulation is taking place in the lower part of the channel. This is followed by a bullish trend to the upper line of the channel, where we encounter new resistance and retreat to the lower line again. Based on that, the dollar could make a big drop. For now, the obstacle to that scenario is the previous movement zone of 90.00-100.00.
DXY Trading Plan - 30/mar/2023Hello Traders,
Hope you all are doing good!!
I expect DXY to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.