Interest vs Persistent Inflation.
-I honestly don't know where DXY can go. Time for the dollar to lose strength against the basket of global currencies, time to gain strength.
-We are clearly in a tug of war. Interest vs Persistent Inflation.
-If inflation happens like a "bullwhip effect", which I mentioned in previous analyses, the FED will have to act again, therefore, an increase in the interest rate will be necessary. Perhaps, a massive dose of around 50bp! Omg!
-I'm assuming that it will go up because of the good economic indicators, mainly because of the stronger inflation (bullwhip effect).
-If there is a new increase in US interest rates, we will see the currency appreciate against the global basket, and it could cancel my thesis that we see prices seeking the 94.5K range of the projection of declines from the bearish pivot that occurred in November 2022.
-But if the American interest rate does not rise, my thesis will be confirmed, and we will see the currency lose strength and the DXY index will seek the bottom region of the accumulation seen in the image below.
-Ah, look at that interesting thing. The projection of the bearish right triangle is confirming the bottom of this accumulation as a price stop if there is a loss of its base, the region of 101.052. Ah, also note that the base of this right triangle is the FIB golden region (1.618) of the bearish pivot. What a super interesting thing, isn't it?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
-We are clearly in a tug of war. Interest vs Persistent Inflation.
-If inflation happens like a "bullwhip effect", which I mentioned in previous analyses, the FED will have to act again, therefore, an increase in the interest rate will be necessary. Perhaps, a massive dose of around 50bp! Omg!
-I'm assuming that it will go up because of the good economic indicators, mainly because of the stronger inflation (bullwhip effect).
-If there is a new increase in US interest rates, we will see the currency appreciate against the global basket, and it could cancel my thesis that we see prices seeking the 94.5K range of the projection of declines from the bearish pivot that occurred in November 2022.
-But if the American interest rate does not rise, my thesis will be confirmed, and we will see the currency lose strength and the DXY index will seek the bottom region of the accumulation seen in the image below.
-Ah, look at that interesting thing. The projection of the bearish right triangle is confirming the bottom of this accumulation as a price stop if there is a loss of its base, the region of 101.052. Ah, also note that the base of this right triangle is the FIB golden region (1.618) of the bearish pivot. What a super interesting thing, isn't it?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.