Another 48h - DXY Is Heading Into Weekend Relaxed Upwards
2024/11/08
Another 48h - DXY Is Heading Into Weekend Relaxed Upwards
“this week was a tough one - trump and/or interest rate cut!
will the next week be a little less volatile? bullish again?”
BTC1! and 
SP500 will rise if Trump is president- that's what everyone currently believes, if I'm not mistaken:
But what if Elon Musk, with Trump's backing, does what he promised? Exactly - then exactly the opposite could happen! Because Elon Musk wants to end the US debt orgy and significantly reduce the government's budget - and he has brought in none other than Ron Paul to do this. A libertarian warhorse from Texas - who is more than just a concept for everyone who is concerned with money in general (taxes, interest, consumer prices). yes, it's even an icon - for me too. The USA is getting serious - with Trump back in office in 2025. And Musk too. BRAVO! The debt orgy since 2001, following the terrorist attack on the World Trade Center, is the root of all evil for the USA. And which reached their climax in the green socialist programs, under the guise of liberal democracy, after the outbreak of the Coronavirus outbreak - not only in the USA, in our so-called West. Because since then, numerous budgets have been wasted on warlike, costly adventures that have cost not only money but also numerous lives. And of course under the pretext of saving lives - the war industry.
However, July, August and/or September
were bearish red months for the
DXY . In contrast to October,which was a juicy bullish green month. What we can also prove with the help of the fundamental Marko analysis, using US economic figures - such as the publication of the last two US unemployment rates. And/Or also based on the publication of the last US inflation rate. Because during all three publications, and especially afterwards, the price action of the
DXY was not only traded and invested above the downward trend (from July, August, and or even September). no - since then the price action of the DXY has hardly been traded or invested within, let alone below, the price action of the published hour. So we can certainly speak of a bullish upward trend in the DXY since October, since the low for the year on September 27th at 100.157 points. And we can argue verified bullish, by using both technical analysis and fundamental analysis! How far can this take us optimistic bulls? How high can the DXY rise? I don't know that! But that is the learning material for next calendar week also. After a calendar week that, for better or for worse, more or less, was likely to be the most exciting calendar week of the entire year 2024.Not that we misunderstand each other - I don't want to abolish the military - but I consider the use of the military to be the last resort, and the worst of all options, for a responsible, civilized political leader! What? Like what? Like who? That's right - like Trump! Regarding foreign policy. And now also with regard to the in-house US economy - even MAGA. Economically, this is probably the only and perhaps last option to stop the debt tsunami - but for gold and stocks for the time being, at least for the period of transition, one to two years, depending on how long it would take, initially could be bad! Because both gold and stocks benefit from the escalating debt. Gold is likely to fall because insurance coverage would then fall - the less the US government owes and or the smaller the trade deficit is. And when it comes to stocks, the gap between companies with strong dividends that can finance themselves from cash flow and dividend stocks compared to unprofitable ones, let alone IPOs that do not yet have any profits, is likely to widen. Therefore, we remain in a wait-and-see attitude and let our long 4XSetUps continue for now - and take our profits when target prices are reached. And/Or also realize our losses if our stop price should be traded.
“I’m only rich because I know when I’m wrong… I basically have survived by recognizing my mistakes.”
George Soros
104.951 : 2024/11/08 - last price action
104.799 : 2024/07/30 - July High Before Sell-Off
104.447 : 2024/08/01 - High Of W-Formation
102.624 : 2024/11/01 - High During Unemployment Data Release
103.820 : 2017/11/01 - Historical 2nd Mid-Term High
102.624 : 2024/10/04 - Low During Unemployment Data Release
103.104 : 2024/10/10 - High During Inflation Data Release
102.720 : 2024/10/10 - Low During Inflation Data Release
102.624 : 2024/10/04 - High During Unemployment Data Release
102.160 : 2024/08/05 - Low W-Formation
101.855 : 2024/10/04 - Low During Unemployment Data Release
I stick to our basic stance that an upward breakout from our W trend reversal formation is bullish. And/or also a breakout downwards is bearish. And I, if at all, will formulate only a long 4XSetUp or even a short 4XSetUp based on this! If any? Because with the “Another 48h - DXY …” series I want, first and foremost, to learn with you. Make an educational contribution every day that describes the decision-making process for a (not) imminent long and/or 4XSetUp. So let us wait until the
DXY breaks out up or down from our w trend reversal formation - and then confirms it! How? By confirming the breakout at 104.447 points with a price action above 104.799 points in order to become bullish again for the following days and weeks! And/Or also with a downward breakout, from the w trend reversal formation, at 102.160 points, with a price action of below 101.855 points in order to become bearish for the following days and weeks!Today's price action was more than tough - especially in relation to the second half of the calendar week that has now just ended. Why? It seems like we are confirming the outbreak out of our w trend reversal formation, about 104.447 points. And/or we are confirming the last high before, even July`24 high, also bullish, at 104.799 points. Because we closed with 104.95 points above both price actions. It was a truly groundbreaking week - independent of the price action, from the technical analysis pov (point of view). Because first Trump back in Office 2025 and then also the interest rate decision yesterday; and today even better than expected consumer sentiment from UNI Michigan. Which ultimately sent the
DXY bullish green into the weekend. And with a more than striking chart pattern! Do you recognize the characteristics of the second half of the week, after the big upside move, after it became clear that Trump would be back in the office in 2025? That's right - a small W trend reversal formation. And that needs to be defended in the coming calendar week. But about that and/or about some other basics at the weekend (tomorrow on saturday, and/or sunday) - and then again on the day-to-day business from Monday to Friday. Because now I want to and have to finish my work too...With best wishes
and with good intentions!
Aaron
Another 48h - DXY ... is pure information material.
By trying to give you even more information about the
DXY every day to make even better trading decisions (buy/sell or do nothing). The goal of each day is from my side that you say to yourself after reading my daily analysis (Another 48h - DXY ...): "I didn't notice that before!" Because then you have received new information; yes - maybe even learned something!? If, yes? Then give me a like - and continue reading tomorrow! Concrete 4XSetUps with entry price, target price and also stop price are available in the daily 4XSetUps...
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