A closer look at the longterm structure of the DXY can put whats going currently with the US Dollar into better perspective.
The current bull wave has more similarities to the mega trend of the 1980s' that lasted 2303 Days or approx 5 years. With each leg of those waves ranging from 400 to 800 days long with consolidations that lasted from 160 - 320 days.
Calling an end to the intermediate trend is dangerous and ill-advised at this time as it has gone into consolidation in the near term. These consolidations are where complacency begins to affect perception & sentiments which ultimately sets the stage for our next leg up or down from those areas.
This chart deserves a lot more exposure. Fantastic analysis. Thanks Kaz.
Kazonomics
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Write the mods they are overlooking my charts on purpose...many don't agree with my form of TA so this is my punishment, them skipping anything I publish it seems. Thanks for your kind words.
AcceptAlignment
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Sweet. Thanks for sharing your thoughts mate
broken87
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I think your analysis is dead on....who did you learn this type of analysis from? Did you read a book about it? Thank you for sharing
Kazonomics
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Thanks glad you like it. My analysis methods are my own developed over the last 15 years in the market from many disciplines along with my own models.