This seems rather logical and most likely the final run higher before what looks like multi year reversal
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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
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GDP is dollar bullish. JP better watch carefully and hawk out next week
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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
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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
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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+
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So far it appears more and more like a fake breakdown increasing the probability of a move toward 104 into August
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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
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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
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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
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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