We don’t mean to brag, but we remember the end of 2020 very well.
You see, it was a very difficult time if you were suggesting the US Dollar (DXY) was about to bottom. People literally thought we were nuts.
After all, nearly all financial commentators, dollar bears, gold bugs and Crypto enthusiasts came together to form a cognitive distortion of sorts that nearly convinced everyone that the US Dollar was about to burn into a pile of worthless ash while Gold and Bitcoin would soar to the Moon and beyond.
Yet, our work clearly indicated that the DXY was about to hit major support (red line above). The likelihood of a bounce/rally going forward was indeed very high. And that worked out beautifully.
What happens next?
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 ………and then rally to……..Please Click Here to see the rest of the analysis.
More accurate or shorter-term time/price projections are possible, but not necessary at this time.
