The US Dollar (DXY)
Our mathematical and timing work for the US Dollar (DXY) suggests the following.
- There is a major UP cycle that arrives around February 1st, 2023 (+/- 2 trading weeks). We believe this cycle will mark an important mid-term top for the DXY. The cycle has a bit of variance associated with it, hence the +/- 2 week range.
- Our price completion points stands at $118.00 (+/- $2). This is in line with a double top (from 2001) expectation we have outlined previously.
- Once the top is put in place we expect the US Dollar to drop into May of 2024 and put in a major bottom there. Then stage a powerful rally into 2025. The extent of the drop into 2024 is debatable at this point. Some calculations suggests we drop into a 90 range once again, others suggest we go even lower. Before we can say where that bottom is with more certainty we first need to confirm the final price of the upcoming top in 2023.
More accurate time/price projections are possible for the above, but it would take more time. Since we are not trading the DXY at this time, the above should suffice.
