Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
A Currency Crisis?
When the long-term charts all start pointing to a single event risk, We need to pay attention. ... Something really BIG is going on...
We are at the most important juncture in FX markets in Decades. The dollar appears at risk of an uncontrolled rise. Let me show you...
The Fed Broad Trade Weighted Dollar Index is incredibly close to breaking the ENORMOUS cup and handle pattern at 130. Barely a half a percent away
And this translates into the largest chart pattern in the history of FX - The ADXY Head and Shoulders Top. A pattern so big, I cant quite get my head around the outcome...a fall of 20% or more across ALL Asian major currencies...AND we are RIGHT on the CLIFF OF DEATH
We are also at the KEY juncture on the JP Morgan Emerging Markets Currency Index... new lows await, any day now...
And one currency, after another, is approaching, and then falling off, the CLIFF of DEATH... The Aussie broke a while ago and has been tumbling ever since...
The Korean Wan...Yikes! This is one of the most crucial levels in its history...These big wedge patterns tend to resolve in EXPLOSIVE moves to new all time highs (for the dollar vs KRW). Mind bending...
The Pound is drinking at the last chance saloon... it looks like it is going to parity...
The Euro has a few percent to go but its shuffling towards the CLIFF edge...
And the big disturbance in the Matrix is the CNY, which conceivably could go to new all time lows (highs on chart) versus the dollar. It's not my forecast but that chart suggests a higher probability than anyone suggests, even if the odds are still low. It is broken....
And this currency crisis of dollar strength is causing an enormous deflationary wave globally. The CRB is literally the second worst chart in the world, after the EU banks.
Gold is rightly doing its job, sniffing out a BIG problem and is exploding higher, outperforming even the super strong dollar as gold begins to price in an end game of an eventual MASSIVE readjustment of the dollar (in 12 months? 18 months?)
When the long-term charts all start pointing to a single event risk, We need to pay attention. ... Something really BIG is going on...
We are at the most important juncture in FX markets in Decades. The dollar appears at risk of an uncontrolled rise. Let me show you...
The Fed Broad Trade Weighted Dollar Index is incredibly close to breaking the ENORMOUS cup and handle pattern at 130. Barely a half a percent away
And this translates into the largest chart pattern in the history of FX - The ADXY Head and Shoulders Top. A pattern so big, I cant quite get my head around the outcome...a fall of 20% or more across ALL Asian major currencies...AND we are RIGHT on the CLIFF OF DEATH
We are also at the KEY juncture on the JP Morgan Emerging Markets Currency Index... new lows await, any day now...
And one currency, after another, is approaching, and then falling off, the CLIFF of DEATH... The Aussie broke a while ago and has been tumbling ever since...
The Korean Wan...Yikes! This is one of the most crucial levels in its history...These big wedge patterns tend to resolve in EXPLOSIVE moves to new all time highs (for the dollar vs KRW). Mind bending...
The Pound is drinking at the last chance saloon... it looks like it is going to parity...
The Euro has a few percent to go but its shuffling towards the CLIFF edge...
And the big disturbance in the Matrix is the CNY, which conceivably could go to new all time lows (highs on chart) versus the dollar. It's not my forecast but that chart suggests a higher probability than anyone suggests, even if the odds are still low. It is broken....
And this currency crisis of dollar strength is causing an enormous deflationary wave globally. The CRB is literally the second worst chart in the world, after the EU banks.
Gold is rightly doing its job, sniffing out a BIG problem and is exploding higher, outperforming even the super strong dollar as gold begins to price in an end game of an eventual MASSIVE readjustment of the dollar (in 12 months? 18 months?)
And the 10 Yr US bond suggests that bond yields are going to zero, as the deflationary wave spreads like wildfire...
And that is how you totally SCREW the banking system. The EU Banks are RIGHT on the CLIFF OF DEATH.
And the Japanese banks are right on the CLIFF OF DEATH too..
And that would be the end game for the pension system and a HUGE loss of wealth for Baby Boomer Retirees and the start of the Doom Loop of BBB downgrades and a potential freezing of the corporate credit markets...
And that is how you totally SCREW the banking system. The EU Banks are RIGHT on the CLIFF OF DEATH.
And the Japanese banks are right on the CLIFF OF DEATH too..
And that would be the end game for the pension system and a HUGE loss of wealth for Baby Boomer Retirees and the start of the Doom Loop of BBB downgrades and a potential freezing of the corporate credit markets...
@marimuthu13 Bhai Crude made it to our levels of 51.00.
Now on the sidelines watching!.
You traded today's move?
Now on the sidelines watching!.
You traded today's move?
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