This Could Bring SHOCK WAVES to Nearly Every Market

We're in a major period. The patterns within patterns are quite phenomenal, I believe. The potential major moves and the spin-off effects from those, it's well worth being aware of. Really, that should have been a resumption of the trend. So I call this a false break. I always say the market had its chance. It had its chance then to break out and continue within this overall trend, but it didn't. I would say, good. Stick with that. Thank you, guys. And talk with Charlie. Let me also mention that Charlie has a fantastic and phenomenal trading service, his Smart Signals. There's a brilliant offer, which he only gives our viewers, so do check out this link that you see here. It's a 14-day free trial of his Smart Signal service. Go to that link you see right there, bit.ly forward slash Charlie Burton Signals. I'll put the link for you guys in the description, and you get access to everything he offers in that Smart Signal service. And we'll talk more about this, by the way, with Charlie Burton at the end of this video, so make sure you stick around. Charlie, what is this particular chart, Charlie, that you say is so important that we should keep an eye on it? Why? It's the dollar. It's money itself. The dollar index, as you've quite rightly just said, the spillover effects of what the dollar does, it affects everything. And so I think that we're in a major period going forward, and I think we already have been as far as how the dollar's moving, especially this year and even late last year. The patterns within patterns are quite phenomenal, I believe, there for the dollar index, and I think there's some potential major moves, and the spinoff effects from those, it's well worth being aware of. Because, as we know, as our viewers know, because our viewers are very intelligent and sophisticated people, they know that the dollar has a specific correlation, an inverse and positive correlation with other key markets. For example, dollar has an usually inverse correlation with gold, metals, and an inverse correlation obviously with key currencies like the euro, pound, and some other key markets as well, including crude oil as well. Anyway, let's go on to your charts, Charlie. So this is obviously going to be a big mover. A monthly chart. Let me just get this about right here. So what I think was fascinating with the dollar was actually we've got this wonderful trend channel, as you can see, this rising channel. So it's been within this rising channel really since making the lows back in 2008, and then it made its highs in 2022. That's significant. One thing to mention, the dollar has actually just done a 38% retracement of that entire move, but some of the individual currencies against the dollar have not. So the euro has not. The euro would need to go to 120 in order to do its 38% retracement. Anyway, let's stay with the dollar for now. So when we topped in 2020, sorry, 2022, and then pulled back, that was a classic pullback into this prior price action here. So all of that's fine. Then it attempted to bounce back in 23 here, then pull back again, and then again in the latter part of last year in 24. Now at that point, I think that's significant because what actually happened was the dollar through 23 and March of 24 was range bound here. It was range bound. And then it broke out. So really, that should have been a resumption of the trend. So I call this a false break. That's a false break, FB. Interesting. That's a false breakout of that prior 18 months range. And the only reason we know it's a false breakout is because price then subsequently this year broke down and then broke the lows down here. So that to me was, I always say, the market had its chance. It had its chance then to break out and continue within this overall trend, but it didn't. So now, don't get me wrong, there's a couple of things to note here. One is that's our false breakout, and that was confirmed once we broke down here. However, as people can see, technically, the dollar has come down to the lower rising trend channel line. Yeah. So that's still offering support down here at the moment. However, the way that I will look at price action is that the dollar, again, this whole 100 level on the chart is a key level. We held above it through 23, 24. Then we got the false breakout from back up here, and we've broken down. So technically, I always look at price. Price likes to go to prior highs and prior lows. Simple technical analysis. It gravitates towards highs and lows. So where's the next lows for the dollar? Actually, down here, around 90 for the dollar. So longer term, I'm seeing the potential for a technical break of that channel, because we've actually already done a bit of a breakdown here. Anyway, I think this trend channel line has a good likelihood of getting broken at some point, and then ultimately, for the dollar index to get down to around 90. That would project something like the euro well into the 120s. So if the dollar breaks that channel, comes down to those levels, we could see the euro going to those 120s. If we just have a quick look at the euro, just to put it in context. So just before I move to the euro, that puts the dollar, the dollar's currently around about 98, 50, let's call it. So to get down to 90, it's 800 pips lower. So the equivalent of 800 pips on where the euro is right now would be, funnily enough, around about 124. And the euro has got a slightly bigger range than the dollar. So it would put the euro, and what's quite nice about this chart, is it would put the euro 124, well, that high there is 123.50, and that high there is about 125.50, and that marries up with this historical price action going way back. So for the euro coming all the way back up into that zone, it would be this old trend line of mine as well, all coming up into the mid, closer towards that 125 zone. So it sort of overlaps quite nicely with if the dollar can get down to that 90, and it does do that technical break, and it runs down to 90, then I should be looking towards the euro up into that zone. But if you just go quickly back to the dollar chart, the interesting thing is I've actually seen analysts, even some analysts that I actually respect, they have completely the opposite view because what they argue is, and personally, I actually agree with you, I think the dollar eventually is going to break down and go lower. But what they argue is, these other analysts that I've seen, they say, well, look, the dollar has come to an important trend line support, the lower channel trend line, and they say, well, it probably will hold that level and then rally to new highs. So why is that view wrong in your view? Is it something else that's making you bearish overall? There are other pieces of analysis that make me bearish as well. I think to answer the first part of your question there, it's not that I think anyone is wrong, actually. So if someone said to me, Chachi, Charlie, I'm bullish the dollar right now, and I think the dollar has got a good likelihood of resuming this trend, I would say, good, stick with that view. Because there is no such thing as being right, being wrong as such. No one is right all of the time. And so that's just trading. So I think the point is, if you've got a view or a piece of analysis, you stick with it and you have conviction behind the analysis, that's what makes money in the markets. If you've got a soft view and you flip around, then you get flipped out of your own analysis. So no, I don't have any qualms with that view. I can see that potential that, look, we are in a nice channel. And if it wanted to carry on going higher, at least for the foreseeable, yes, it could do. However, yes, I have even higher timeframe analysis. So if I now go out to the quarterly charts, I've actually got a divergence here on the quarterly charts. That divergence should still see the dollar coming lower from my analysis here. What I find fascinating as well is, look at the dollar going all the way back. From its all-time highs way back, it then made lower high back in 2000. And another, so far, high here in 2022, there's a question mark there. But we still failed to take out, again, when we made the highs in 2022, we technically have not taken out that last prior high from 2000. So I'm still looking at this as, look, here's the channel and it's a lovely rising channel. I've been trading a lot of that over the years. But ultimately, I'm looking for a channel break and then you can put projections on and on all of that. But I'm just going with the 90 zone for now. But if you really want to get me started, then I'll say to you, 85, I think we'll end up down there at some point in the next two years. Before we finish, let's mention one more time that Charlie Burton has a phenomenal offer on his Smart Signal service. So that's his trading service, the Smart Signals, where you get trading alerts to your phone. And essentially, these are AI generated. This is a 14-day free trial, no cards required, no payment required. Go ahead and check out the link in the description. The link is bit.ly forward slash Charlie Burton Signals. From what I've seen, Charlie is fantastic. I have to admit, I've seen it myself. So for example, what the trading signal service does, it issues certain trade setups or trades. For example, I'll put some screenshots there. For example, here's one on the NASDAQ, the US 100. And there's another one on Bitcoin, which I'll superimpose here. I blacked out, by the way, the actual price levels, because some people may think these are current alerts. They're not. They're from some months ago. So I don't want anyone to think that these are actionable trade signals. They're not. They've already gone past. But you can see that the probability, so some of these are given probabilities of like 60% or 70%, for example, sometimes it happens. So that's quite interesting. So you get a probability rating on the actual trade setups, on the alerts, and with specific stop-loss levels and specific profit-taking levels as well, as well as the entry point as well. So entry, stop-loss, and exit, all included in the alerts that you send out. So really fascinating and very interesting. So tell us more about it, essentially. Yeah, they're artificial intelligence generated. So we've used the power of our AI system to backtest over a billion computations. So it's a huge amount of testing that AI can do in order to come up with these signals. So the signals are pushed out via our Telegram channel. And so it just comes through to your phone, and you get a signal. The other thing to mention is that we always say a maximum risk of 1% on your account, whatever your account balance is. So if you had $10,000 in your account, you'd never risk more than $100 of that $10,000. Very good point. And so yes, the system generates all of the trade calls. I manage it overall. So I'm monitoring the systems. And sometimes it might be that a given market is doing really well, is having a really good trend, and we'll want to turn on one of our AI systems for that given market. We'll turn that on. Because we can't have them all on all of the time, because otherwise we'd be generating like 50 trades a day, and we don't want to do that. It's too much. Sorry, one interesting thing you mentioned, Charlie, to me was that what people can do is they can be very selective about which particular trade setups they take. I think you mentioned that what traders can do is only focus on the trade setups or the signals that have a probability of over 60%. Am I right? Correct. Yeah. So we encourage people to do that, to just take the higher probability setups. It gives other setups in the 50%, but we deliberately put those in so people can see them. But yeah, we encourage people to only take the 60% and higher probability setups. And if you took just those, we launched in February, so we're five months in, and it's up 39% in five months. So since February this year, it's been up 39% in gains. Using, taking our guidance, we've got videos on it, and we put lots of reminders about what people should do, and as far as their risk management is concerned, stuff like that. As long as they do it properly and follow our guidance, which is never risk more than 1% and take the trades over 60%, and there's a few others, then those are the results. And we've got all the historical results as well, but this is since we went live with users. So yeah, it's doing really, really well. And the nice thing is, as you said already, your followers, we're giving 14-day free trial to it as well. So there's no risk to them, or there's no financial commitment, nothing. Just give it a try, watch the videos, see the signals coming through, and yeah, give it a try. There's nothing to lose. That's a very good point. Guys, so you have a 14-day free trial of Charlie's Smart Signal Service. Do check it out. And the link is right there for you, bit.ly forward slash Charlie Burton Signals. So I'll put that link for you guys in the description. Again, click it, and then register, and then just follow the process. Very simple to set up. So yeah, there's full support there. It's all there on the channel and on the website. And yeah, it's doing really well. We're really impressed with how it's got on since we launched it this year. Oh, one other thing to mention is that even after the 14 days, we're giving 50% off the subscription for the first three months as well. So I should mention that. That's brilliant. OK, so 50% off when you stay as well. 50% off the actual price for the first three months. Charlie, thank you very much indeed. I really appreciate it.