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