Daily cycles can vary in length for different assets, but in general The U.S Dollar tends to move in an “18-22 day period” from trough to trough.
The previous daily cycle topped out on day 4 then rolled over for a good solid move lower over a 16 day period.
Today marks the beginning of a new daily cycle now………don’t get excited.
USD Downtrend to Continue
A new daily cycle that will “again fail” early ( if not immediately ) and roll back over for another “crater” into oblivion so……..a new daily cycle in a “bearish downtrend” only providing further opportunity to SHORT. The dark black line showing the resistance zone for USD. She ain’t poppin thru that – no way!
I’m not flinching / moving a muscle as today is a single day’s action that has already run straight into overhead resistance. The U.S Dollar is NOT reversing its downward trajectory here – hell no.
Waterfalls ahead. Stay Short – keep accumulating crypto. You’ll see.
Kong … just wondering what will cause the USD to drop especially as the other major currencies around the world continue to have issues due to internal problems everywhere. Would love to hear your thoughts on the Euro. Thx tons.
They area all dropping…..it’s the “relative drop” between them that one needs to trade / be aware of.
Fiat money printing is “inflationary” as supply and demand gets pulled outta wack as the money presses keep printing – you need more USD to buy bread…you need more EURO to buy bread….you need more “paper” no matter what / . where you are!
The difference “these days” is that countries aren’t turning towards USD as the “reserve currency” or a “safe haven” as they once did – all knowing the US is 100% broke…the money printing will never stop and the value of these “fake dollars” can only go lower.
Hi Kong, Max writing u from Italy to ask u why do you think usd to tumble? The usd liquidity in shrinking lot of emerging markets are taking that usd and will take more to pay the debts.
Thanks a lot
The planet needs a weak US Dollar, and it’s the only way the current “scam” can continue to run.
Money needs to be depreciated so investors seek higher risk assets / move int the stock markets where they will “again” be completely rinsed by the big boys.