A Dollar comeback is due !

30 Oca 2023

The Dollar has peaked no question about it, however with the recent upside inflation surprises in Australia and Spain as well as expecting 6.4 % headline CPI for the month of Jan in US versus a much lower read compared to month of Sept which the reported inflation was 6.5 % , the Dollar needs to make a comeback now or the inflation will be much more stickier resulting in an stagnant economic environment. enough with the talking lets see what pattern do we see on DXY: It appears to be a classic 12345 impulsive move down and highly likely the pattern is complete for this cycle, next we need a correction probably coming to trend line.

Previous analysis:

This Idea could be wrong do your own research

9 Şub 2023

Not

looks more upside

10 Mar 2023

Not

the correction is over expect new low