Loading ...USD revisited
USD which IMO is the driver for ALL markets has finished its’ BT (back-test) @ 101 on which I reported formerly and is ready to move MUCH HIGHER.
Here USD-weekly:
During 1st half-2022 USD BO-UP the RED RECTANGLE @ 104. After intermediate topping @ 114 with overbought conditions. USD went down for a BT @ the rectangle where support was to be found in the area between 104-101. Pure chartology talk; this is 101-chartology which is a BT followed after a BO and in such case price should continue its direction which is UP.
Observe two measurements (LT & ST) indicating HALFWAY patterns which both have PO @ 127-128. Although USD closed this week @ 105.16, below the MA(50) @ 105.32, it did close above the more important W-EMA(30) @ 104.91. USD-weekly has a BULLISH posture!
Here USD-monthly:
USD is back above its RED rectangle. Observe the charted CYCLES and see the Vertical pink dashed line (as a marker of 2023) of the smallest cycle indicating a (top and) LOW and matches recent USD-LOW @ 101 as for TIME (!) Still, I expect SYMMETRY for which you observe TWO LARGE GREY areas; see 1985 and recent times. The way USD went crashing down in 1985, is the way USD will go BALLISTIC UP; read symmetry. It might go quick & swift when taking the 2nd smallest cycle into account which marks an intermediate top during 2024-Q1/Q2.
As mentioned on the USD-weekly with a PO of 127-128, the USD-monthly chart shows clear Horizontal RES (resistance) in the area from 121 – 126. Possibly, USD goes over this HOR.RES followed by a (little) BT from above before continuing MUCH HIGHER. The look of monthly indicators looks very healthy and has recently cooled off getting primed to shoot higher. USD-monthly has a BULLISH posture!
A USD going higher, possibly @ 380 once above the 125-area, will crash investors portfolio’s, make cooperations bankrupt and (EM-) Nations go default – All by Design (!) PO (price objective) remains 380 for USD while now @ 105. Observe the MEGA Cup & Handle in progress. I prefer 2027 for a USD-TOP (see GREY ARROWS matching CYCLE-TOP & GREEN Vertical Fibonacci) . . . from where USD will be dethroned eg. canceled by EM and/or BRIC+.
IMO. DYODD.
Nice work Sir Night
Thank you Sir!
Wow Sir Night
Very detailed and thought through.
If this comes to fruition, I wonder if Gold will be destroyed until the EM and BRICs come out with a new global currency.
Also, I would imagine this is the stuff of wars … major global wars.
Terrifying stuff.
Thanks for sharing
R
‘wonder if Gold will be destroyed’ …
Well, it seems more than plausible to expect ‘the’ detachment from PM-paper valuation and where PM-PHYSICAL will set its’ new price for PM. A non-manipulated, free-market price setting. Possibly once USD is above 125 going for 165 (or from 165 and up), we could see Au and USD climb higher together. Wwhile USD goes from 125 (or 165) to 380 where (and IF) PM will continue going higher and becomes disconnected (opposite) from USD again once USD declines. Such makes GOLD go ballistic while/when USD starts crashing as from possibly 2027. But before I still expect Gold to go lower while USD goes UP to at least 125-area.
In the End (or always), it is NOT Gold that gets destroyed (as 1 Oz always remains 1 Oz) but confidence in fiat/GOV and purchasing power get lost. We have a Wealth Transfer in the making! Once in a Life Time opportunity!