I think the massive downtrend starting in 1985 and lasting until the early 2000s has quietly broken over the last decade.
The basic continuation levels for this USD downtrend gave up last yr in the 2022 rally. It may have been an important breakout.
Confluence of signals here in the DXY are essentially identical to the set of signals we used to exit SPX shorts early in the year. It's possible DXY is setting up the same thing - but the DXY will have taken 10 yrs to make the setup and SPX did it over months. Imagine the difference in scale of those moves ...
USD bulls need to prove it. This is highly speculative at the moment, but it has potential. Has a lot of potential
There are a few things I need to see and if I see them, I'm going to become an insanely large USD bull. And then a big bear around 155 if we get there, but let's not get too far ahead.
The basic continuation levels for this USD downtrend gave up last yr in the 2022 rally. It may have been an important breakout.
Confluence of signals here in the DXY are essentially identical to the set of signals we used to exit SPX shorts early in the year. It's possible DXY is setting up the same thing - but the DXY will have taken 10 yrs to make the setup and SPX did it over months. Imagine the difference in scale of those moves ...
USD bulls need to prove it. This is highly speculative at the moment, but it has potential. Has a lot of potential
There are a few things I need to see and if I see them, I'm going to become an insanely large USD bull. And then a big bear around 155 if we get there, but let's not get too far ahead.