2025/01/22
Another 48h - Current Upward Trend In Danger In DXY
“after the sell-off on monday, bulls were unable to fight back!
at least today's lows will hold up? from yesterday? from Monday?”
110.176 : 2025/01/13 - Monday New 2025 High
109.966 : 2025/01/02 - Last Annual High 2025
109.533 : 2025/01/02 - 1st Annual High 2025
109.206 : 2025/01/03 - 1st High After 1st High 2025
108.602 : 2024/01/15 - Last Week Low
108.583 : 2024/12/31 - Annual High 2024
108.171 : 2025/01/22 - last price action
107.587 : 2024/12/20 - Last Low Of 2024
107.348 : 2023/10/03 - Annual High 2023
105.441 : 2024/11/06 - Trump Re-Election Day High
The fight for the first upward trend in this year 2025 is still in full swing - including today, on Wednesday, January 22nd, 2025. And that after we had the last interim high - annual high for 2025 - at 110.176 points on Monday, January 13th, 2025, at the start of last week. So if this small relatively short time uptrend breaks, we definitely have to speak of a short-term trend change in the
DXY price action. So then we have to argue that the DXY is actually in a short-term bearish downward trend at the beginning of 2025, for the 8th day now - incl. today.- Will we see a new annual high above 109,966 in 2025?
- Will the annual high of 108,583 points hold in 2024?
These were the two questions that need to be answered in order to learn something new. And price action answered both questions with yes: We had a new annual high of 110,176 on Monday, January 13, 2025. And/Or the annual high from the last trading day on December 31, 2025 with 108,853 points also held. So we can argue that the price action so far in 2025 (after the third calendar week) still tends to remain bullish. But with the handbrake on, Donald J. Trump will be reintroduced as the new US president on Monday.
“I wish I could write a book that will be read for as long as our civilization lasts... I would value it much more highly than any business success if I could contribute to an understanding of the world in which we live or, better yet, if I could help to preserve the economic and political system that has allowed me to flourish as a participant.”
George Soros
- Will the annual high of 2024 with 108.583 points hold?
- Will the annual high of 2023 with 107.348 points hold?
After WallStreet was closed on Monday for Martin Luther King Day, the DXY fell at the start of the week on the day of the inauguration of the old new US President Donald Trump. Which is why, in order to learn something new this week, it goes without saying that these two questions should be asked for this 4th calendar week! Or?
109.423 : 2025/01/17 - Last Week Closing
108.794 : 2025/01/21 - Tuesday Intraday High
108.251 : 2025/01/22 - Today's Intraday High
108.171 : 2025/01/22 - last price action
107.965 : 2025/01/20 - Monday Intraday Low
107.920 : 2025/01/21 - Tuesday Intraday Low
107.749 : 2025/01/22 - Today's Intraday High
If we focus on this week, we have to realize that the price action in the
DXY over the course of the week so far had a small bullish plus yesterday and/or today - but the crash on monday, i.e. the day before yesterday, it was too big! Many traders and/or investors with large account balances probably expected a decision from Trump regarding tariffs - and then cashed in when nothing concrete came? I can't explain the case in the price action any other way! Anyway? But what I can explain very well, what I want to explain, is that the fight for this short-term uptrend will probably not be defended by the bulls. And in the coming days we could probably find ourselves more or less around the annual high of 2024 - which was 107.348 points on the last day of 2024, i.e. on December 31, 2024. Which would then entail a fundamental reassessment of the price action in DXY . But things can also turn out completely differently if the issue of tariffs has already been priced into the price action - and the DXY continues to rise because interest rates will not be reduced as much in 2025 as the stock market in particular has repeatedly demanded and or but also expected. So we will continue to experience a strong DXY as well as a strong stock market in the coming days and/or weeks. Which is what I'm assuming today - and why I reopened the old long 4XSetUps from December 2024 with the opening price from yesterday, Tuesday, December 21st, 2024. But more about the DXY price action tomorrow.With best wishes
and good intentions:
Aaron
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.