DXY macroview for 2022 - Will the history repeat?
This analysis has a lot to look at.
Lets begin with the DXY at the end of the 70s, those times my parents were just born, so I had to do research.
The US 70s crisis. According to the information I gathered, this crisis was due to the trade balance deficit. A strong speculation against the dollar appeared due to the American economic weakness.
In March of 1985 the DXY crashed 52% and by September of 1992 a bounce happened, this bounce took the DXY to the 0.5 Fib Retracement level, and when this level was reached, the .com bubble took place.
In January of 2002 until February 2008 the DXY crashed 41% very similar to the previous scenario.
(To make this easier to understand I drew a path using dotted lines, the pattern is similar except on the timing aspect.)
So I think that the DXY will reach the 0.786 level area and then … darker days will come.
I'm also considering the “The typical big cycle behind empires rises and declines” by Ray Dalio and also the fact that every 100 years empires suffer.
83 years have passed since the start of WWII, this war marked the beginning of the American empire, this means that we are 17 years away from the 100 anniversary, these 17 years coincide with the emergence of China as the 1st world power.
This is all I have to say for this analysis, I appreciate your attention
Lets begin with the DXY at the end of the 70s, those times my parents were just born, so I had to do research.
The US 70s crisis. According to the information I gathered, this crisis was due to the trade balance deficit. A strong speculation against the dollar appeared due to the American economic weakness.
In March of 1985 the DXY crashed 52% and by September of 1992 a bounce happened, this bounce took the DXY to the 0.5 Fib Retracement level, and when this level was reached, the .com bubble took place.
In January of 2002 until February 2008 the DXY crashed 41% very similar to the previous scenario.
(To make this easier to understand I drew a path using dotted lines, the pattern is similar except on the timing aspect.)
So I think that the DXY will reach the 0.786 level area and then … darker days will come.
I'm also considering the “The typical big cycle behind empires rises and declines” by Ray Dalio and also the fact that every 100 years empires suffer.
83 years have passed since the start of WWII, this war marked the beginning of the American empire, this means that we are 17 years away from the 100 anniversary, these 17 years coincide with the emergence of China as the 1st world power.
This is all I have to say for this analysis, I appreciate your attention
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