This seems rather logical and most likely the final run higher before what looks like multi year reversal
코멘트:
Da King could be looking for a secondary low around these levels 102
코멘트:
Weaker than expected which increases the probability to a muted recovery into 103s
코멘트:
This has been very weak, It needs to start turning higher soon
코멘트:
So FED meeting next week could charge da KIng higher potentially into 106s
코멘트:
GDP is dollar bullish. JP better watch carefully and hawk out next week
코멘트:
Problem here is market continues to fight Fed as implied by fed futures...once this is cleared da king should rise
코멘트:
Good move this week. More is needed
코멘트:
105 and then 107 into summer is achiavable
코멘트:
Quite laborious move but pressure up is building into mid August
코멘트:
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 leading
코멘트:
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+
코멘트:
So far it appears more and more like a fake breakdown increasing the probability of a move toward 104 into August
코멘트:
With JHole this week, likely DXY high
코멘트:
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 awaits
코멘트:
As expected, 104 was reached. Most importantly, weekly trend is up now which implies higher high ahead after potentially some pullback/consolidation
코멘트:
DXY is taking the scenic route into 108/110 most likely into Jan 2024
코멘트:
The scenic route to the final destination continues
코멘트:
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 assets
코멘트:
FInito...bye bye
코멘트:
Massive trend change was confirmed as expected this year
코멘트:
Final level for this decline likely to be 92 or about within the next several years. EURUSD 1.20 and GBPUSD 1.58
코멘트:
Burn. From King to a Pauper into 2025 with some intermediate lows in between
코멘트:
Quite a corrective bounce in the Da King but that should be it