DXY Roadmap February 2023
Diupdate
This seems rather logical and most likely the final run higher before what looks like multi year reversal
Catatan
Da King could be looking for a secondary low around these levels 102Catatan
Weaker than expected which increases the probability to a muted recovery into 103sCatatan
This has been very weak, It needs to start turning higher soonCatatan
So FED meeting next week could charge da KIng higher potentially into 106sCatatan
GDP is dollar bullish. JP better watch carefully and hawk out next weekCatatan
Problem here is market continues to fight Fed as implied by fed futures...once this is cleared da king should riseCatatan
Good move this week. More is neededCatatan
105 and then 107 into summer is achiavableCatatan
Quite laborious move but pressure up is building into mid AugustCatatan
This is going not as expected. This final strong downwave is forming as expanding diagonal it seems that targets low 99s basically within 1 point. Diagonals at min have a very deep retrace if it is leadingCatatan
Increasing probability of this surprise breakdown forming as Wave B of running correction. It should be followed by Wave C higher into Mid/late August with min 102+ and max 105+Catatan
So far it appears more and more like a fake breakdown increasing the probability of a move toward 104 into AugustCatatan
With JHole this week, likely DXY highCatatan
Critical week for the Da King as depending on the weekly close, it could either extend higher or this week is the end of the recovery and new decline awaitsCatatan
As expected, 104 was reached. Most importantly, weekly trend is up now which implies higher high ahead after potentially some pullback/consolidationCatatan
DXY is taking the scenic route into 108/110 most likely into Jan 2024Catatan
The scenic route to the final destination continuesCatatan
If dollar turns weekly trend down which could happen this week, then the expected Jan high will be a lower high vs Oct which basically means the secondary dollar top was just up in Oct and the decline into 2025 has started...paramount for many assetsCatatan
FInito...bye byeCatatan
Massive trend change was confirmed as expected this yearCatatan
Final level for this decline likely to be 92 or about within the next several years. EURUSD 1.20 and GBPUSD 1.58Catatan
Burn. From King to a Pauper into 2025 with some intermediate lows in betweenCatatan
Quite a corrective bounce in the Da King but that should be itCatatan
As expected, King Dollar has been abdicating and replaced by two new Kings on a rotation.Catatan
Depreciation continues as expectedCatatan
For now likely devaluation into late 2025/early 2026Catatan
Da King has been forming an impulsive trend move off the lows in late Sep which implies more upside after some correctionCatatan
This could go as high as 107/108 into January 2025
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