DXY looks toppy recently: there has been a distribution on large level with a triple top formation.
This is very bearish and could lead to a downfall of the dollar.
This thesi is in fact justifiable by the on going world situation, which is slowly heating up.
There could be a war and the probabilities are very high. When you have nations providing money for guns, instead of a negotiation table, to a country which is pushing for nationalism, the situtation can escalate very fast.
No one is doing anything to avoid this war, instead the world is calling for it.
Americans need to learn their egemony in the world is coming to an end. And i really hope they will be able to learn, instead of trying to hold their power trough sanctions and war funding.
I really hope we will be able to reach peace without a "world capitulation" AKA atomic war.
This will be price in the DXY which will lose value, giving it to the YUAN and other currencies.
At the same time, if the situation will be extremely heated we will see asset like BTC and GOLD increasing rapidly in value, and everything will be fueled by the downfall of the dollar.
I believe a top is coming for the dollar and it could lose substantial value soon. The real question is: where is this value going to go?
I believe we'll have answers soon!
This is very bearish and could lead to a downfall of the dollar.
This thesi is in fact justifiable by the on going world situation, which is slowly heating up.
There could be a war and the probabilities are very high. When you have nations providing money for guns, instead of a negotiation table, to a country which is pushing for nationalism, the situtation can escalate very fast.
No one is doing anything to avoid this war, instead the world is calling for it.
Americans need to learn their egemony in the world is coming to an end. And i really hope they will be able to learn, instead of trying to hold their power trough sanctions and war funding.
I really hope we will be able to reach peace without a "world capitulation" AKA atomic war.
This will be price in the DXY which will lose value, giving it to the YUAN and other currencies.
At the same time, if the situation will be extremely heated we will see asset like BTC and GOLD increasing rapidly in value, and everything will be fueled by the downfall of the dollar.
I believe a top is coming for the dollar and it could lose substantial value soon. The real question is: where is this value going to go?
I believe we'll have answers soon!