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gold oil4.22.20 On this video I describe some issues that I have with the oil market and some of the technical problems that resulted a couple days ago. I tell you what I plan to do, and I will get back to you on that. I also talked about the potential oil trade that a scalper might've taken yesterday, and I expand on that today, and I make some differentiations between two different "BUY" set ups on the chart and how I handle them differently. If this video provides value please give a thumbs up. Thanks.
COMEX:GC1!Education
by ScottBogatin
1
DXY THEORY YOU HAVEN'T HEARD YET!THE DXY IS ONLY MADE UP OF 6 MAJOR CURRENCIES MEASURED AGAINST THE DOLLAR: EUR (57.6% OF THE WEIGHTING), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), CHF (3.6%) A MISTAKE MANY PEOPLE MAKE WHEN PREDICTING THE DOLLAR'S STRENGTH IS USING THE DXY AS A GAUGE FOR ALL CURRENCIES' PERFORMANCES AGAINST THE DOLLAR! EMERGING MARKET AND MANY OTHER MAJOR CURRENCIES ARE NOT INCLUDED IN THE DXY! RECENTLY, PETER SCHIFF PLACED A BET WITH BRENT JOHNSON ON THE DIRECTION OF THE DXY, STATING THAT THE DXY WOULD BE WEAKER THAN 99 IN JANUARY 2021, WHILE BRENT JOHNSON PREDICTED IT WOULD BE HIGHER! PETER'S THEORY CLAIMS THAT THE CURRENCIES OF PRODUCTIVE COUNTRIES WILL STRENGTHEN AGAINST THE DOLLAR FOR MANY OBVIOUS REASONS, WHILE BRENT CLAIMS THAT THE MASSIVE SHORTAGE OF U$Ds WORLDWIDE WILL ACT AS DEMAND ON THE DOLLAR, INCREASING IT'S VALUE AGAINST OTHER CURRENCIES! I BELIEVE THEY COULD BE BOTH RIGHT, AND THAT PETER MAY HAVE MADE A MISTAKE IN USING THE DXY AS A BAROMETER: BRENT JOHNSON IS RIGHT BECAUSE: THE WESTERN FINANCIAL SYSTEM WILL ABSORB ALL U$Ds CREATED, AND EUR, GBP, CHF AND CAD WILL ESPECIALLY SUFFER BECAUSE OF THE EURODOLLAR SYSTEM! WESTERN ECONOMIES COULD ALSO WEAKEN SEVERELY WHICH WOULD DEVALUE THEIR CURRENCIES IN ADDITION TO A EURODOLLAR SQUEEZE! PETER SCHIFF IS RIGHT BECAUSE: AS COUNTRIES NOT INCLUDED IN THE DXY DIMINISH THEIR TRADE WITH THE U.S.A., AS THEY CEASE USING THE EURODOLLAR TO SETTLE FORMS OF TRADE NOT INVOLVING THE U.S.A. (MAINLY OIL), AND AS THE AMOUNT OF U$Ds' CREATED IN EXCESS OF THEIR DEMAND FOR DOLLARS INCREASES, PRODUCTIVE ASIAN AND EMERGING MARKET CURRENCIES WILL ABSOLUTELY STRENGTHEN AGAINST THE DOLLAR, BUT THIS WILL NOT APPEAR IN THE DXY! IT IS ALSO POSSIBLE THAT THE FEDERAL RESERVE MEETS THE GLOBAL DEMAND FOR DOLLARS, AND THEN SOME, WHICH WOULD DEVALUE THE DOLLAR AGAINST ALL CURRENCIES, AND I BELIEVE THIS IS THE CASE, BUT I DO NOT DISCOUNT THE POSSIBILITY EXPLAINED ABOVE!
INDEX:DXYEducation
by UnknownUnicorn4195243
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COINBASE:BTCUSDEducation
by UnknownUnicorn2319099
GOLD | Rising Wedge & Major Resistance..!!XAUUSD (Update) In 8hr Chart, Gold Has been forming Rising Wedge Pattern & Heading towards the Major Resistance Area (1685-1690) If It's Failed to Clear the Major Resistance then Expecting Wedge Breakout towards the 1560-1570 Area. If Bulls Cleared the Resistance then Wedge Pattern Will be Invalid & It Might PUMP Hard towards the 1800 Area. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
FX:XAUUSDEducation
by Faibik
3