DXY Roadmap Jan 2017

14 Oca 2017

Surprise to most investors

20 Oca 2017

Not

Shaky shaky this

24 Oca 2017

Not

Entering period for potential reversal and final upleg into later 1Q. Lots of US data later this week

25 Oca 2017

Not

There is a rising chance that DXY at best retests the high if not lower high after the expected reversal higher. February is very USD data heavy as we have FED meeting (no presser), FOMC minutes, and Yellen testimony (do not think is scheduled yet). I think later Feb is very suspicious for final high whether retest or lower high but will see

26 Oca 2017

Not

BTW, this downleg could also be leading diagonal so if yes, then lower high. Quite debatable

26 Oca 2017

Not

First green reversal candle

31 Oca 2017

Not

More volatile basing work here. FED tomorrow and NFP Friday

1 Şub 2017

Not

FED not exactly hawkish. At this stage only a very, very strong NFP Friday or risk off event could support the USD

2 Şub 2017

Not

Quite orderly decline so far, it is getting really stretched on the downside

4 Şub 2017

Not

There is a risk that the USD decline could spread over many years as this administration seems keen to support export oriented manufacturing base and gain advantage via FX. Trump seems like Nixon. So next several weeks appear to be critical for USD since USD top could come as early as this month via lower high

16 Şub 2017

Not

Clock is running on the last USD upleg underway, most likely few weeks

24 Şub 2017

Not

Weak, weak USD, countdown to FED 15 meeting