This DXY Pattern Has Been Repeating Since January 2022
I like to look for patterns in trading and have been tracking this repeating daily pattern on the DXY since January 2022. The pattern runs approximately 66 days (beginning December 28th, 2021 - March 4th, 2022). I simply drew a rough line over the first itineration of the pattern and copied and pasted it 6 times.
Although on the daily or weekly time frame, it has been remarkably accurate in giving the general idea of where the DXY is heading in the future. Please note that value did not hit the support line (as the pattern predicted) and the 55 EMA has held as strong support.
Pattern predictions:
DXY hits 115 around 11/20/2022 - 11/23/2022
DXY hits 120 around 01/27/2023 - 02/01/2023
DXY hits 125 around 04/04/2023 - 04/07/2023
I do not know if this pattern will continue, but it has not deviated IN 9 MONTHS so I will continue to follow it until there is a significant break.
Not Financial Advice. Please feel free to share your thoughts and suggestions in the comments below.
Although on the daily or weekly time frame, it has been remarkably accurate in giving the general idea of where the DXY is heading in the future. Please note that value did not hit the support line (as the pattern predicted) and the 55 EMA has held as strong support.
Pattern predictions:
DXY hits 115 around 11/20/2022 - 11/23/2022
DXY hits 120 around 01/27/2023 - 02/01/2023
DXY hits 125 around 04/04/2023 - 04/07/2023
I do not know if this pattern will continue, but it has not deviated IN 9 MONTHS so I will continue to follow it until there is a significant break.
Not Financial Advice. Please feel free to share your thoughts and suggestions in the comments below.
Comment:
09/30/2022 - STILL PLAYING OUT!
