Dollar Index (DXY)
From an educational point of view, time cycle theory shows that the price of the dollar in January is interested in reaching its lowest level.
In fundamental terms, the dollar usually weakens slightly towards the end of the presidency.
Especially if a Republican like Trump is president.
The value of the dollar weakens, especially during the Republican era, and grows during the Democratic era. (Just look at the chart)
There are two lines of support here that mark the end of the flat correction pattern.
Wave support line (4) and correction wave support line (a)
I estimate the probability of a price return from wave support (4) as 30%.
And I estimate the probability of a price return from wave (a) support at 80%.
I wish you good deals
Please like the post and leave a comment so that we can get energy and provide more analysis, thank you
In fundamental terms, the dollar usually weakens slightly towards the end of the presidency.
Especially if a Republican like Trump is president.
The value of the dollar weakens, especially during the Republican era, and grows during the Democratic era. (Just look at the chart)
There are two lines of support here that mark the end of the flat correction pattern.
Wave support line (4) and correction wave support line (a)
I estimate the probability of a price return from wave support (4) as 30%.
And I estimate the probability of a price return from wave (a) support at 80%.
I wish you good deals
Please like the post and leave a comment so that we can get energy and provide more analysis, thank you
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