Dollar bears think time is running out for the recent strength. This is how to trade it if it does.
The 200 week EMA above will surely be a barrier if it even gets there. The signal worth waiting for is a clean trend break where the likelihood revisiting the lows increases.
Oil is a great way to play this. Eventually, price should find it's way to $90ish regardless and if the dollar plummets, especially to fresh lows, $90+ is a near certainty.
Silver has certainly been a pain lately, however, it offers titanic rewards if you steer clear of danger. If the dollar sinks we can be sure silver will be a memorable trade.
If the dollar bears are wrong, the titanic will be the 2nd biggest tragedy to Oil and Metal bulls.
The 200 week EMA above will surely be a barrier if it even gets there. The signal worth waiting for is a clean trend break where the likelihood revisiting the lows increases.
Oil is a great way to play this. Eventually, price should find it's way to $90ish regardless and if the dollar plummets, especially to fresh lows, $90+ is a near certainty.
Silver has certainly been a pain lately, however, it offers titanic rewards if you steer clear of danger. If the dollar sinks we can be sure silver will be a memorable trade.
If the dollar bears are wrong, the titanic will be the 2nd biggest tragedy to Oil and Metal bulls.
Note
Note
Long oil futures Note
Silver is not ready yet. MACD divergence setting up soon if silver can make a fresh low then a swift recovery could follow. Note
Oil is on track breaking new local highs and should be a quick run up to the first resistance level around $90 as the energy crisis narrative spills into public channels Note
DXY made it to the 200 EMA and now should see some pressure to roll over. This is the last confirmation of this analysis so if it starts to form a rounding top the other plays on silver should be good to go. Note
Silver right on schedule 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.