Is $DXY Rising From A New Cyclical Base | $USD $EUR $Gold #forex
Friends,
Looking at the low-high structures of DXY overtime, one has to wander whether the recent higher-low carved out on 04 APR 2011 represents a base for another cyclical impulsive leg to a new high.
As you may recall, last month, I offered a case in favor of a rally in the greenback (see DXY and technical commentaries here: www.tradingview.com/v/ynt7DJzk/). With the benefit of time, one can see that using TradingView replay feature, price has moved in the direction of the forecast, making the target incrementally more probable, albeit still far off.
Note that the predictive/forecasting model defined the following nearer targets on the original DXY chart linked above:
1 - TG-1 = 83.02
and
2 - TG-2 = 84.56
Although this cyclical chart lacks the statistical n-number to define a relevance, it does point to an acceptable cycle of bases-highs-lows-bases worth keeping an eye on.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
TradingView.com Moderator
--------------------------
Twitter: @4xForecaster
--------------------------
Factored into
Looking at the low-high structures of DXY overtime, one has to wander whether the recent higher-low carved out on 04 APR 2011 represents a base for another cyclical impulsive leg to a new high.
As you may recall, last month, I offered a case in favor of a rally in the greenback (see DXY and technical commentaries here: www.tradingview.com/v/ynt7DJzk/). With the benefit of time, one can see that using TradingView replay feature, price has moved in the direction of the forecast, making the target incrementally more probable, albeit still far off.
Note that the predictive/forecasting model defined the following nearer targets on the original DXY chart linked above:
1 - TG-1 = 83.02
and
2 - TG-2 = 84.56
Although this cyclical chart lacks the statistical n-number to define a relevance, it does point to an acceptable cycle of bases-highs-lows-bases worth keeping an eye on.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
TradingView.com Moderator
--------------------------
Twitter: @4xForecaster
--------------------------
Factored into
Comment:
22 AUG 2016 - Chart Update:
In the LT, USDollar remains bullish. But in the most immediate timetable, 88.93 remains a probable risk:
Best,
David Alcindor
CMT Affiliate #227974
In the LT, USDollar remains bullish. But in the most immediate timetable, 88.93 remains a probable risk:
Best,
David Alcindor
CMT Affiliate #227974
This Geo heralds a "Worse Case Scenario":
Best,
David Alcindor