The U.S Dollar has now confirmed what I’ve been suggesting for literally “years”.
The latest fall has USD generating “yet another” failed daily cycle, confirming that the United States Dollar is headed for the basement. Cryptocurrencies have now taken centre stage, along side The Euro, as the second most widely held reserve currency on the planet.
The U.S Dollar will be sold “even more aggressively” than in recent weeks / months and the trade is now “more than safe” to enter.
You get short USD – NOW…..and you stay that way until mid October. This is major, major, major serious news but not likely front and centre on your local news ( In the United States I wonder if it will be mentioned at all!) as you know my thoughts about that. We’ve only got one small support zone left to break, and it’s literally…..a loooooong way down after that.
USD – Bear Market Begins
Gold, Cryptocurrencies ( such as Bitcoin ) and The Euro will explode higher, as USD takes a serious nose dive over coming weeks. I’m even considering a target as low as the 85 area by mid October when “once again” the U.S Debt Ceiling is reached…then extended – as always!
We’ll get into specific trades here starting Monday, but in all…….( and I rarely say this in trading Forex ) this is going to be easy money / a very straight forward trade.
Get short USD now…..get long Gold, The EURO and most any cryptocurrency you can manage – then we’ll see how you feel come mid October.
Think about buying yourself some “weed” for more than a few reasons in wake of this USD Bear Market…now confirmed.
I am heavily immersed in the Canadian Marijuana biz ( more on that later ) and am currently spouting off everything I know – “and will know” as Canada moves towards federal legalization spring of 2018. Hit the newsletter sign up – you won’t be disappointed.
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Hi Kong,
Is there a reason you say only “until mid october”?
Do you see a USD reversal or correction or something like that around that point of time? By which USD will be heading back up?
Thanks!
Its bear market time and I expect a steady fall…and the debt ceiling comes about mid October ( don’t quote me….somewhere in there ).
Hey Kong, your analysis in a way, does make sense since inflation is pretty low and we still see in say a monthly chart the USD pretty high versus the euro and forex does tend to move in swings. Plus, as you have stated we have both Trump and Yellen suggesting that the dollar is pretty high so it would make sense for it to fall.