DOLLAR IN WATER FALL MODE TO 96.62-97.75 BY 03/19/24
Introduction - With the break of 102.50, Binary Forecasting Service's trend engine signals that the Dollar Index is in waterfall mode. This super bearish trend signal is screaming that DX will hit AT LEAST 97.75 in seven trading days by 03/19. The implications of THIS GIANT MOVE in the index has wide reaching implications for the entire global market.
Details - BFS has exclusively operated in the gold market for the last three years. The nature of incoming data in the last 19 days has required this service to verify its findings in the total trend breakdown for U.S. Dollar Index. This is the sequential accumulation of BFS's data:
1) on 02/19 (at 2017), BFS trend engine saw gold at 2150 for 03/08
2) that eventually hit 2 days early
3) on 03/03 the engine stated that 2200 was on the table for 03/08
4) gold tagged 2195 before Friday's 2178 close
5) on 03/06, 2340 was called for 03/18, 2 days ahead of FOMC
6) that date has now moved to this coming Tuesday 03/12
7) today the engine confirmed that gold's 43-year trend line at 2340 is ..
8) going to break night of Thursday 03/14 or morning of Friday 03/15
9) and makes 2540 a target for 3/19, one day ahead of FOMC
10) THAT IS $380 OR 16.5% move in gold price in the next 7 trading days
11) hence BFS cross checked relevant data in the Dollar Index
12) and indeed found hours ago that the dollar is indeed IN WATERFALL MODE
This post on the Dollar Index is a sub plot to that 2540 GOLD BY 03/19/24 THESIS.
Details - BFS has exclusively operated in the gold market for the last three years. The nature of incoming data in the last 19 days has required this service to verify its findings in the total trend breakdown for U.S. Dollar Index. This is the sequential accumulation of BFS's data:
1) on 02/19 (at 2017), BFS trend engine saw gold at 2150 for 03/08
2) that eventually hit 2 days early
3) on 03/03 the engine stated that 2200 was on the table for 03/08
4) gold tagged 2195 before Friday's 2178 close
5) on 03/06, 2340 was called for 03/18, 2 days ahead of FOMC
6) that date has now moved to this coming Tuesday 03/12
7) today the engine confirmed that gold's 43-year trend line at 2340 is ..
8) going to break night of Thursday 03/14 or morning of Friday 03/15
9) and makes 2540 a target for 3/19, one day ahead of FOMC
10) THAT IS $380 OR 16.5% move in gold price in the next 7 trading days
11) hence BFS cross checked relevant data in the Dollar Index
12) and indeed found hours ago that the dollar is indeed IN WATERFALL MODE
This post on the Dollar Index is a sub plot to that 2540 GOLD BY 03/19/24 THESIS.
Related Ideas
a) why?
b) I have gold's numbers wrong
c) so I still expect this move to go down
d) just not that quick
e) how quick?
f) after FOMC circa 100, the dollar will bounce and stall for 2 weeks
g) so the real damage will happen April first half of APRIL