'IF' the DXY Surpasses 99.250, 105+ is Likely
Hello traders!
I believe the DXY is in a final run-up to several year highs with one caveat: if the DXY can break 99.250 then the dollar will breach into the 105-108 range before topping out within the next 1 or 2 months (likely before the end of May).
In what I believe will be the final run for the dollar, equities will likely form one more leg down and Gold and Silver will likely further liquidate lower during this process. This analysis can be seen in all of my current ideas.
An important point is that last week we saw a sharper fall in the DXY due to the stimulus being passed, however, we have not seen the typical run-up in the dollar during global recessions as typical. I believe this trend will still take place regardless of what QE is achieved or not and what stimulus is passed or not. Whether people want to believe it or not, algo bots rush into the dollar at first before dumping it and eventually entering Gold and Silver thereafter.
Highlights
- Dollar rising IF 99.250 is broken - DXY would rise into the 105+ range
- If the above statement holds true, equities will form one more significant leg down
- If the above statement holds true, Gold and Silver will further liquidate into the 1360-1390 and 9-10 dollar range respectively
- The dollar would likely end its wave up sometime in May
- zSplit
I believe the DXY is in a final run-up to several year highs with one caveat: if the DXY can break 99.250 then the dollar will breach into the 105-108 range before topping out within the next 1 or 2 months (likely before the end of May).
In what I believe will be the final run for the dollar, equities will likely form one more leg down and Gold and Silver will likely further liquidate lower during this process. This analysis can be seen in all of my current ideas.
An important point is that last week we saw a sharper fall in the DXY due to the stimulus being passed, however, we have not seen the typical run-up in the dollar during global recessions as typical. I believe this trend will still take place regardless of what QE is achieved or not and what stimulus is passed or not. Whether people want to believe it or not, algo bots rush into the dollar at first before dumping it and eventually entering Gold and Silver thereafter.
Highlights
- Dollar rising IF 99.250 is broken - DXY would rise into the 105+ range
- If the above statement holds true, equities will form one more significant leg down
- If the above statement holds true, Gold and Silver will further liquidate into the 1360-1390 and 9-10 dollar range respectively
- The dollar would likely end its wave up sometime in May
- zSplit
We have broken a very key level of 99.25.
Traders can long the DXY to roughly 105 if they so desire. I do not expect a wave above 105 at this time unless something dire happens which I will update as required.
During this time, Gold and Silver will plummet.
During this time, equities will make another leg (new leg) down.
During this time crude will continue the carnage downwards.
- zSplit