DXY Update - Possible Paths & Market Effects

2022年11月1日

Quick update on DXY daily chart and how its direction may affect the vast majority of tradeable stocks, crypto, and forex vs usd across markets.

DXY is long-term long, but I think there are two possible paths. The chart above shows a rough example of what those might look like, but I think one of the following will occur:

• ]It's possible we see a re-test of the area around 103 before moving up to higher targets. Should that occur, we could see a rally lasting anywhere from weeks to 3-9 months, depending on how quickly it occurs and recovers.
  
• Presently signs are still pointing to a continued rise up to TP 1 and 2 (much higher if you zoom out and look at the 3 monthly chart, which has a falling wedge with a TP 1 reaching 1984's ATH). If continuation of the bullish move is our path forward, markets will likely continue down; with brief periods of lesser recovery in between moves. The momentum that has been building could lead to a much faster & parabolic move up, as opposed to the drawn-out example shown on the chart above.
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  This is an update on several related charts, which are linked below:
  
  1.) DXY vs. SPX - showing inverse correlation between peaks and troughs:
  
  
  
  
  
  2.) DXY - indicates that its present move is part of a much larger move:
  
  
  
  
  
  3.) DXY - 3 month chart falling wedge wanting 1984 ATH:
  
  
  

2022年11月4日

註釋

Update 11/04/2022 - daily shows a failed breakout attempt. This could be an early indication of a possible downturn and re-test of 103. Let's continue to watch how this plays out over the next days / weeks:

2023年1月18日

註釋

Update - weekly chart -- we are below 103, paths updated to reflect possibilities here, direction seems to have shifted down, with the cross below 103, and a bear cross of the 50/200 EMA