Get out of USD!
Hello.
DXY seems to trade in a falling Wedge Pattern on a Multi Year Time Frame and is soon about to approach the very Resistance.
We all know USA had a huge Debt problem. (Disclaimer: i dont know much about Debt - Please correct me if i say something wrong)
I came up with a Theory in which the USA basically dumps this debt not only on US Citizens but on everybody who holds USD.
Instead of just paying the Debt they could de-value the USD so much that it is way easier to pay back the debt.
Basically not making US (Citizens) paying back the debt but everyone holding USD.
Of course the Fed or the Government wouldnt admit such a Strategy because everybody would flee from USD in a blink and they cant dump theyr debt on non-american USD holders.
For anyone holding significant ammounts of USD i would consider selling it and look how this Falling Wedge plays out the coming months.
I marked 2 scenarios on the chart, both suggest that USD is about to drop soon.
Either we bounce off the Support and break up of the wedge (i doubt it) or DXY breaks down to roughly 40.
DYOR and please leave a like :)
DXY seems to trade in a falling Wedge Pattern on a Multi Year Time Frame and is soon about to approach the very Resistance.
We all know USA had a huge Debt problem. (Disclaimer: i dont know much about Debt - Please correct me if i say something wrong)
I came up with a Theory in which the USA basically dumps this debt not only on US Citizens but on everybody who holds USD.
Instead of just paying the Debt they could de-value the USD so much that it is way easier to pay back the debt.
Basically not making US (Citizens) paying back the debt but everyone holding USD.
Of course the Fed or the Government wouldnt admit such a Strategy because everybody would flee from USD in a blink and they cant dump theyr debt on non-american USD holders.
For anyone holding significant ammounts of USD i would consider selling it and look how this Falling Wedge plays out the coming months.
I marked 2 scenarios on the chart, both suggest that USD is about to drop soon.
Either we bounce off the Support and break up of the wedge (i doubt it) or DXY breaks down to roughly 40.
DYOR and please leave a like :)
註釋
Shortterm DXY can still go to 100-101. Thats where i will short USD.
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