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Currencytrading

Interesting Historical CyclesThe Dollar shows clear correlation between the different presidents and their white house policies. Interesting. Funny that it seems Democrats experience a rising dollar while Republicans have the dollar go down. I wonder if there is a lagging effect though cause we know inflation takes a year or two to really appear. I think it is safe to assume the Biden is Obama 2.0 except the environment is now changed. The dollar should still go up though because Biden values the Dollar and America's hegemony over the stock market and his rich buddies.
INDEX:DXYLong
by MonetaryRebel
USD/CAD Bearish Continues. USD/CAD got rejected at the 1.2800 psychological level, which also happens to fall below the 200-day SMA on Jan 6, these technical levels kickstart the pair bearish phase. The price fell by almost 200point before hitting another Quasimodo support zone at 1.2630, which creates a ripple in the price and gives a chance for the buyers to push the up to 1.2700 that falls below the 50.0% fib correction zone. A short position is good after another correcting hit the 21 or 50 days SMAs.
Short
by Adefxc
#DXY US Dollar Index Forecast BullishToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern, and now looking to test the top of the channel around $109-$110. If the DXY breaks out of the descending parallel channel, we can see the price go to around $150-$155. If the price gets rejected at the channel top, the price can go back down to as low as $60-65, which will create a triple bottom (generally bullish pattern). Naturally this is a multi-year chart so it will take time. When zooming out, the US Dollar price looks very bullish in the long-term. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXYLong
by MillionaireEconomics