Very interesting DXY chartDollar is gaining strength but is it out of fuel. Possible triple top formation which could lead us to potential bull market in assets and i believe could lead us to biggest crypto bull market.
I believe dollar is strengthening because of various macro factors. Increased prices in many crucial resources (e.g. oil) leads to bigger demand for dollars with continued demand to pay of debts in dollars. I believe this is short term as countries move from dollar to their domestic currencies and it is process that takes time (e.g. Russia, China). I belive this is process in which many digital assets could find real value and use case and could potentialy bring some real value other than speculative to them.
Anyway if dollar will continue to move higher it will probably be very bad for assets and other currencies.
I keep my eye on this chart in next few months as things could accelerate and we could start seeing new paradigm in world economy.
Economywars
US500 Hello receive a cordial greeting. You have at your disposal a brief technical analysis of the S&P500 We have as the most likely scenario a lateral or slightly upward movement in the short term and in the medium term caution possible bearish movement. Key support and resistance are at your disposal.
Kind regards L.E.D.
EUR/USD - false breakout of key levels!In the face of sanctions the supply chain in Europe suffers, which leads to a decrease in the economy of the whole EU.
EUR starts to fall against USD, as the EU economy takes a bigger hit than the U.S. economy.
The price is now testing the global trend line and big trading range. If this trend line cannot resist the sellers' pressure, it will test the key level at $1.06. If there will no strong support, the next key level is $1.03.
False breakout is possible in both cases, so watch for updates on the channel, where we will give all the relevant update.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU!
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
US economy is the STRONGEST in all-time | QFundamental-AnalysisI'm going to explain something interesting, which I deduced from my quantum analysis. US economy is the STRONGEST in all-time. Now, you wonder, why does it allow gold to go so high? Probably to improve imports and exports in the fall of the dollar.
The economy must have equilibrium, if it does not have it, it fails seriously. Fibonacci itself, that's what it explains, the universe, and everything in it, has balance.
"Tell me what you have, and I'll tell you what you need."
In the world, the economy of a country is important, the reserve of the United States is incomparable to any in the world, they could pay off all the debt in a second, if they wanted, but they are more intelligent, and they don't.
In trading, there is no such thing as bears and bulls, there are economic wars. Because the United States has the strongest economy, they in 5 min, can return 0 all cryptocurrencies, metals, etc. They do not do it yet, to improve exports, imports, and other things that have to do with the economic branch.
Fundamentally, it seems to me there is incredible ignorance regarding this, but quantum analysis brings everything to light.
Please study, and stop reading about: 'trading's fairy tales'.