USDJPY formed a bull flag in a bullish trend
we can use abcd strategy to find the target
I think dollar gonna rise in value because of extreme demand in south america ( they all buy dollars and gold, but most of them buy dollars because of the devaluation of their national currency). Argentina have 50% devaluation of its money per year, uruguay got 50% devaluation within the last 3 years and same for mexico
they are all in this problem of currency devaluation and they reprensent 600 millions of people. add to that us population its 350 millions more. add to that some country in africa its some hundred millions more
at the end dollar gonna rise because of this demand, thats what I think
Fed cant print enough to compensate that demand
www.youtube.com/watch?v=40RjshgB...
I think dollar gonna rise in value because of extreme demand in south america ( they all buy dollars and gold, but most of them buy dollars because of the devaluation of their national currency). Argentina have 50% devaluation of its money per year, uruguay got 50% devaluation within the last 3 years and same for mexico
they are all in this problem of currency devaluation and they reprensent 600 millions of people. add to that us population its 350 millions more. add to that some country in africa its some hundred millions more
at the end dollar gonna rise because of this demand, thats what I think
Fed cant print enough to compensate that demand
www.youtube.com/watch?v=40RjshgB...
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they dont buy so much gold because its very expensive
for someone who have a 200dollars wage , buying a gold coin is some months of savings
so they buy 10-20-30 dollars from time to time
for someone who have a 200dollars wage , buying a gold coin is some months of savings
so they buy 10-20-30 dollars from time to time
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tgt1 hit
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inside bar brokes up above support