/biz/ - Business & Finance

>>57581640
Good luck however it goes man.

>I wonder where the DXY will top out
Euro is currently on week 19 of its Intermediate Cycle and is in the declining phase. It must break this trendline before bottoming and finding the next Intermediate Cycle Low, which I imagine will sync with a touch of the 100wma, and that is where the Dollar will find its top, maybe around 106/107. That's my estimate.

Given that this IC of the Euro is the first of a new yearly cycle that started with the YCL in October 2023 and is right translated I think that it will make a higher low for this ICL and then go on to make a higher high for the next ICH, taking the dollar down and metals up, with Gold bottoming around the same time as the Euro, assuming that Gold is not in a triangle which it may be but I'm not convinced.

But cycles in currency are all over the place so who the fuck really knows lol