USDOLLAR before 3% decline...

FX:USDOLLAR   Dow Jones FXCM Dollar Index
The analysis indicates the related fractals and their sequence. It is clear that the exchange rate may begin to build a declining fractal . In case the analysis is correct, according to the fractal rules, I expect to construct a double-sized fractal (shown in a green rectangle ). The target price is around 12000 levels.
I agree. The US Dollar is expected to tank for a number of reasons:
1. The de-dollarisation programme coordinated by several countries has been advancing for the last 2 years or so.
2. As the FED invokes QE4.0 and other forms of QE by stealth, the dollars value against other currencies is expected to fall.
3. POTUS and the FED are united in wanting a weaker US Dollar, so besides QE, other measures are focusing on doing that

In the above conditional scenarios:

A. For those who don't know, if the US Dollar falls (as conditional statement), expect AUDUSD, NZDUSD, GBPUSD to come under bullish pressure. This does not mean that they're bound to rise or that traders should jump in now and go long.

B GOLD, SILVER are likely to become bullish, along with other metals.

C. USDJPY and USDCAD will come under bearish pressure.

D. Cryptos - especially ETHUSD and BTCUSD are likely to become bullish, as ordinary people and institutions plough in to protect against falling value of US Dollar.
+1 Reply
meszaros Captain_Walker
@Captain_Walker, Thanks for the comment. This comment would stand in the way of an economic newspaper. You put it very well. Thanks again :)
M-G Captain_Walker
@Captain_Walker, Great comment, everything that needs to be said in 4 bullet points. Im cancelling subscriptions to FT!

Nice Analysis M on the DXY. Robert Miner has put together a nice piece on a EUR/USD set up that may break the 2018 Jan/April highs over the next 9/12 months. Its going to be an interesting year. :-)

The analysis was published incorrectly. The second orange square is a single fractal. I apologize.
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