Lions. THE DOLLAR IS FLASHING RED... AND WE HAVE A PROBLEM.
From Greg M
Lions…
This is why I have been pounding the table A LOT as of late with the dollar. The system/THE DOLLAR, is flashing RED. The dollar’s fall is a signal of SERIOUS ROT IN THE SYSTEM. Stay alert. Stay hedged. Stay Lion-hearted!
This is what is happening. The dollar is breaking structurally, and this IS NO ACCIDENT. The Fed has stepped up its direct frontal assault on the dollar. The Fed grows increasingly dovish (rate cut expectations rising). AND global de-dollarization is accelerating.
The DXY doesn’t just say “correction,” It says loss of confidence.
On a relative strength basis, this is what the DXY is saying.
The DXY has broken down sharply, with a clear lower-low and sustained move below major moving averages (SMA 9 and SMA 18). The slope of both SMAs is downward, and price is hugging the lower Bollinger Band. MACD: Bearish crossover confirmed again, lines rolling over hard south. Negative divergence continuing. RSI (Relative Strength Index): Currently below 40, showing bearish momentum.
Support & Resistance Zones.
Key Breakdown Level. 102 (now clear resistance).
Next Support: 99.00 zone — psychological and structural.
If 99 fails… Eyes on 97.50 as next support target.
GM
GM, A big part of the problem with the dollar is that we are supporting a Middle East Country which the greater part of the world order does not support their genocide on another nation. This country is going against United Nation doctrines. As the US law states if you supply weapons to an entity knowing they will commit murder you would be charged as a associate to murder alse. So the US is breaking their own laws. No wonder other countries do not want the Green Back Dollars.
Hope y'all have lots of physical silver & gold!