DXY's delayed reaction to yields
I had this confusing idea and I will show it to you with this confusing chart.
1. First we define the blue vertical lines. These are the drawn on the date of the peak of yield.
( Even though yields drop, dollar continues to grow. Like a delayed reaction. Unsurprisingly, yields lead DXY growth. )
2. Then we draw fib retracements, with 1 being the DXY value at the time of yields peaking. And 0 being the bottom of the DXY jump. The peak of DXY is conveniently at 1.618. (or maybe I conveniently drew the chart such that 1.618 appears every time, to further validate myself)
3. When yields return to "normal levels" (red vertical lines), DXY dives.
The location of the red vertical lines, as well as what is defined as "normal yield level" are defined by the arbitrary target of 1.618 I put.
IF yields have already peaked, and if my theory is correct, DXY will reach 120, and when yields return to where they were. Even if the price target is inaccurate, the fact that DXY continues to grow after yields peak, cannot be ignored.
1. First we define the blue vertical lines. These are the drawn on the date of the peak of yield.
( Even though yields drop, dollar continues to grow. Like a delayed reaction. Unsurprisingly, yields lead DXY growth. )
2. Then we draw fib retracements, with 1 being the DXY value at the time of yields peaking. And 0 being the bottom of the DXY jump. The peak of DXY is conveniently at 1.618. (or maybe I conveniently drew the chart such that 1.618 appears every time, to further validate myself)
3. When yields return to "normal levels" (red vertical lines), DXY dives.
The location of the red vertical lines, as well as what is defined as "normal yield level" are defined by the arbitrary target of 1.618 I put.
IF yields have already peaked, and if my theory is correct, DXY will reach 120, and when yields return to where they were. Even if the price target is inaccurate, the fact that DXY continues to grow after yields peak, cannot be ignored.
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