The market is expecting another interest rate cut. Construction of the declining double fractal at US03M may begin. This means that the short-term interest rate forecast may fall to 1.25%. These forecasts have been relatively stable so far. It can be seen that the peaks of the exchange rate wave sequence follow the auxiliary axis projected to the moving average curve. As a result, I expect another dollar to weaken.
If a yellow fractal zone was placed between 22 Aug and 18 Sept, with a red Fractal zone between 13 Sept and 10 Oct. Would this analysis be further reinforced, possible suggesting a short below 1.25? Any education on this would be much appreciated.
meszaros
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@JohnLiv, Thanks for the comment. Over the past year, this chart has been a very accurate predictor of expected interest rate cuts. Therefore, I assume that I will continue to monitor. Of course, if there is a change, I will publish it.