DXY Dollar Index Losing Momentum $90.45This is your tarot chart reading per event.
DXY is the most important highlight to watch for all marketeers and traders. DXY is normally to calculate the relative between other currencies and some commodities.
1st rebound is on 7th January 2021
2nd rebound is on 1st June 2021
DXY is good performer when it comes out with stimulus projection or stimulus release.
This year 2021 pattern took some major constructive pattern.
January to March = strengthen
March to June = weaken
June to Sep = strengthen
Thus, we can expected Q4 the US dollar index will be weaken. As clearly shown that the pattern development on the current constructive pattern is losing.
The steam of strengthening losing it's momentum as the stimulus of injection dollar to the market gained less traction control.
Based on my calculation, there will be no more upscale towards the dollar projection.
Q4 is coming and the all indices will be going into depression.
Thus, I am predicting the dollar will hit the value of $90.45 starting next week course developing trend.
Zezu Zaza
2048
DX1! trade ideas
DX - Dollars Expanding Range 8950 - 9750Inflation Trades, Transitory Trades, Cleanest Dirty Blouse Trades
FX is setting up for a Primal Accident.
It remains the largest Intra-Day Market as Liquidity begins to abate
within the DX Complex.
The 6 pairs remain in FLUX, heavily so waiting on the DX to make it's
larger move.
With so many Macro and Geopolitical influences hip sway within
Foreign Exchange... it remains one enormous mess.
The 6e is likely the most damaged, although it's held up well, the
ECB continues to Provide Blunder after Policy Blunder. Negative Rates
were the final call, we are simply waiting for the disaster there to
unfold in the coming months. The ECB has provided more utterances
as to the direction and goals of their Basket Case.
Coppertone Goddess LeGarde's persistence in installing a Digital
"Currency" (Not a Currency in any manner, form, way) within the
Block has repeatedly been stymied... The intent is clear, the implementation
has been difficult as The Great Experiment was doomed to fail day
one. Monetary Unions which fail to aggregate Debts, Fail. Period,
the end.
We are simply waiting on the tempest to blow the teapots lid clean
off.
The GBP, London's Financial Center trembles at the thought of
how this transition will impact the imbalances. The Soft Exit
isn't quite working as planned.
The UK left the European Union's sordid mess and left 27 countries -
bringing to an end 47 years of British membership of the EU and
prior institutions. It was a slow and arduous divorce, one that
created immense volatility on the path of separation.
The actual effects did not begin to manifest themselves until
January 1, 2021 when the actual split began to take shape.
Northern Ireland, per usual, received the short end of the stick.
Nascent ties to the EU remained and with it, further anger,
dismay and despair.
Another version of the Potato Famine, brought to you by
the Technocrats with a number of regulations on Food.
Further restrictions on Travel, Residency and Third Party
Trade... did not fare well. Riots resulted.
These arsonists are always a day late, it adds to anger.
The UK, in sum, fundamentally withdrew from the collection
of Dunces to reposition it's Financial arrangements with
China, albeit slowly, but they are large supporters of
China's Bond Market.
It's complicated, but obvious as to why the UK began to
absolve themselves of these tenuous arrangements.
Northern Ireland was "Backstopped", or double bond
as we prefer with a 4 year screwing aligned with the
idiocy of Plutocracy that is the EU.
The AUZ, NZD and CANDO are simply along for the ride.
Degenerate outposts of the UK's progressive Policies
towards future arrangements.
A colossal experiment gone wrong shining ever so brightly
in the light of day. No shame, simply far more draconian
with each passing day.
JBG's are wholly owned in the Land of the setting Sun.
The vast majority of NIK225 Equities are wholly owned
by the same degenerate failures of JCB Policies for 3+
decades.
Idiocy which has never functionally changed anything
but served to worsen a sink hole.
This leaves the Dollar, the abused stepchild of Bretton
Woods. a Currency which has suffered one default when
French Warships entered New York Harbor to retrieve
the People's Gold. De Gaulle had enough and on collecting
France's Tier one assets... Monetary decentralization led
to France's attempt at decentralization and further
attempts at Nationalism.
Unfortunately, the winds of change were blowing in the
opposite direction and... you know the rest.
Uncle Buck's extraordinary privileges' were eroded over time.
Money from nothing became the Rule of Monetary Law. It began
with small footsteps, on the Journey of one thousand miles
to today.
How this all shakes out will be telling as the new monetary
order is arriving... Currency Wars lead to Trade Wars which
lead to Shooting Wars.
This is the History of it, it is always the same.
Digital Script requires a rearranging of the Deck Chairs, this
will unfold in the most violent of fashion.
Best to prepare for it, The liability side of the Balance Sheet
cannot be serviced.
It's best to eliminate them...
Elliott Wave View: Dollar Index Ending 5 WavesShort-term Elliott wave view in Dollar Index (DXY) suggests the decline from August 20 high is in progress as a 5 waves impulse Elliott Wave structure. Down from August 20 high, wave ((i)) ended at 92.80 and rally in wave ((ii)) ended at 93.18. Internal subdivision of wave ((ii)) unfolded as a zigzag. Wave (a) ended at 93.13, wave (b) ended at 92.93, and wave (c) ended at 93.18. The Index resumes lower in wave ((iii)) towards 92.4 in 5 waves of lesser degree. Down from wave ((ii)), wave (i) ended at 92.6 and rally in wave (ii) ended at 92.78. Index then resumes lower in wave (iii) towards 92.46, rally in wave (iv) ended at 92.55, and final leg lower wave (v) ended at 92.4.
Rally in wave ((iv)) ended at 92.78 and the Index has resumed lower. Down from wave ((iv)), wave (i) ended at 92.37 and rally in wave (ii) ended at 92.53. Expect wave (iii) to end soon, and the Index should rally in wave (iv) before turning lower again. Near term, as far as pivot at 92.78 high remains intact, expect rally to fail in 3, 7, or 11 swing for further downside.
DX - Whom DO You TRUSTGlobally, our nation has appeared as a Fruit Basket for some time to G7/G20
Members.
Afghanistan is simply a reminder.
A war which has waged on since forever...
Initially, we covertly funded Rebels against the Soviet incursions.
I've been the Soviet War Museum in Volgograd. It's as depressing as it gets
for Russians who fought their version of Nam.
Stingers to Hinds... death littered the landscape.
After Trillions of Dollars spent in this region, and hundreds of Billions in
Weapons left behind... our Tax Dollars spent are clearly coming into
question and it is a welcome discussion.
Wasted.
It's as though, Benghazi has re-appeared once again to re-arm the enemy
or so it would appear.
The Pullout, by most metrics was handled, poorly.
Our former partners around the Globe are reluctant to respond any longer.
They have watched for years... the United States devolve into a parasitic
Kleptocracy and "they" want no part of it.
The Deck Chairs began the collective re-arrangement some time ago.
And now, here we are... on the cliff's edge.
We are no longer "Trusted" to do the proper, correct and moral effort(s).
This continues to unfold as the DX accident approaches.
The Chart illustrates where the DX is heading shorter term, it's what follows
that should be of concern,
$USD FORECAST USDx works on the 30 degrees cycle quite well. Note the dates marked on the chart.
As on Aug 31, it bounced off the support level at 92.40 which happened to be the resistance on June 18. Incidentally92.40 is also the 0.33 retracement level.
I am expecting to see USD heading higher from here. Where will see gold if USD heads higher? my view is still bearish for gold.
Let's see where we go from here.
Elliott Wave View: Dollar Index (DXY) Further Strength ExpectedShort Term Elliott Wave view in Dollar Index (DXY) suggests that the rally from May 26, 2021 low is unfolding as a zigzag Elliott Wave structure. Up from May 26, wave (A) ended at 93.19 and pullback in wave (B) ended at 91.78. Wave (C) is currently in progress as a 5 waves impulse but the Index still needs to break above wave (A) at 93.19 to confirm.
Up from wave (B), wave ((i)) ended at 92.2 and pullback in wave ((ii)) ended at 91.81. Index then resumes higher again in wave ((iii)). Up from wave ((ii)) low, wave (i) ended at 92.35 and pullback in wave (ii) ended at 92.1. Wave (iii) ended at 92.92, wave (iv) ended at 92.71, and wave (v) of ((iii)) is expected to end soon. Index should then pullback in wave ((iv)) before turning higher 1 more time in wave ((v)). This should complete wave 1 in higher degree. Afterwards, expect the Index to pullback in wave 2 to correct cycle from July 30 low before it resumes higher. Near term, as far as pivot at 91.78 low remains intact, expect dips to find support in 3, 7, or 11 swing for further upside.