2024/11/09
Another 48h - Over 100 Points It`s The Terrain Of DXY Bulls
“the 6th week since the year's low that bulls have not ended in red!
can this work well? next week again? the one after next week too?”
In the historical context, 2 scenarios are important, for the USA, for the
DXY - the terrorist attacks in september 2001, and/or also the coronavirus outbreak in march 2023. Which is also more or less reflected in the price action in DXY . Why? Because since 2001, the USA has sent itself into the largest debt organization in human history by seeming to lose itself in fantastic foreign military adventures, as well as the local ones. And since the coronavirus outbreak, people have relied on green economic policy, even identity politics, under the guise of liberal democracy, which sooner or later led to politically self-organized stagflation. Which in our so-called west, most countries followed. That's why, surprisingly, at least for me, Trump was also re-elected. Of course, only the summarized tip of the iceberg - without losing track of any further details at this point. I actually believed in such a landslide success in 2022 - before the 2022 midterms! But 2024? Never! Nevertheless, if we want to understand the price action in DXY and learn something every day, we have to take this into account - regardless of our political preferences (whether Democrats or Republicans). Which is why I want to formulate the big picture at this point, which is sometimes forgotten and even ignored in day-to-day business, but from which one cannot run away; shouldn't run away - especially if we want to learn from history, even not to make the same misstakes today, to help to create a better und brighter future. Because an extraordinarily indebted national budget is and has always been the nucleus for major disruption in any society. And that's why we should not only take into account the annual highs and lows of this year 2024, and/or also the annual highs and lows of last year 2023 incl. the annual high and low of the last year before 2022. But rather also the highs and lows, of the week of the terrorist attacks, in September 2001. And/Or even also in March 2020 during the Coronavirus outbreak.
“The generally accepted theory is that financial markets tend towards equilibrium, and on the whole, discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because they do not merely discount the future; they help to shape it.”
George Soros
115.110 points : 2001/09/11 - High Before 911 (2001)
114.778 points : 2022/09/28 - Annual High 2022
112.200 points : 2001/09/17 - Low After 911 (2001)
107.348 points : 2023/10/03 - Annual High 2023
106.517 points : 2024/04/16 - Annual High 2024
104.951 points : 2024/11/09 - last price action
102.979 points : 2020/03/23 - High While Coronavirus Outbreak
100.157 points : 2024/09/27 - Annual Low 2024
99.578 points : 2023/07/14 - Annual Low 2023
94.650 points : 2020/03/06 - Low While Coronavirus Outbreak
94.629 points : 2022/01/14 - Annual Low 2022
These price actions do not play a significant role in day-to-day business - but they do in the historical context. And because we all have more or less memories and more or less all remember these two scenarios, including feelings and emotions, they should more or less also serve as support zones and/or resistance zones. But not without ignoring day-to-day business, based on current new information from central banks, the US economy, and/or other correlations with other price actions. And/Or basically, based on what I just tried to put in context above, we can see that the
DXY tends to move in bullish terrain above 100 points.With best wishes
and with 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.