This seems rather logical and most likely the final run higher before what looks like multi year reversal
Nota
Da King could be looking for a secondary low around these levels 102Nota
Weaker than expected which increases the probability to a muted recovery into 103sNota
This has been very weak, It needs to start turning higher soonNota
So FED meeting next week could charge da KIng higher potentially into 106sNota
GDP is dollar bullish. JP better watch carefully and hawk out next weekNota
Problem here is market continues to fight Fed as implied by fed futures...once this is cleared da king should riseNota
Good move this week. More is neededNota
105 and then 107 into summer is achiavableNota
Quite laborious move but pressure up is building into mid AugustNota
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 leadingNota
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+Nota
So far it appears more and more like a fake breakdown increasing the probability of a move toward 104 into AugustNota
With JHole this week, likely DXY highNota
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 awaitsNota
As expected, 104 was reached. Most importantly, weekly trend is up now which implies higher high ahead after potentially some pullback/consolidationNota
DXY is taking the scenic route into 108/110 most likely into Jan 2024Nota
The scenic route to the final destination continuesNota
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 assetsNota
FInito...bye byeNota
Massive trend change was confirmed as expected this yearNota
Final level for this decline likely to be 92 or about within the next several years. EURUSD 1.20 and GBPUSD 1.58Nota
Burn. From King to a Pauper into 2025 with some intermediate lows in betweenNota
Quite a corrective bounce in the Da King but that should be itNota
As expected, King Dollar has been abdicating and replaced by two new Kings on a rotation.Nota
Depreciation continues as expectedNota
For now likely devaluation into late 2025/early 2026Nota
Da King has been forming an impulsive trend move off the lows in late Sep which implies more upside after some correctionNota
This could go as high as 107/108 into January 2025Nota
SO it topped at 109 and cents in January, not too shabby. Unfortunately, likely declines into November 2025
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.