#Dollar Review $UUP $UDX Energy Anticipates Turns

US Dollar Review

Short-term price fluctuations do not influence long-term trends, cycles, and profitability. The majority, guided by price trends and emotions, concentrate on short-term trading noise rather than cyclical trends of price, time, and energy. This focus creates confusion, frustration, missed chances, and typically leaves them holding the bag during trend shifts. Investors can sidestep this pattern by embracing the Evolution of the Trade and aligning with the minority.

The US Dollar Index’s overall trend, revealed by trends of price, leverage, and time, are defined in The Matrix for subscribers.

Subscriber Comments

The US Dollar Report, a series of videos, extends the discussion.

It doesn’t take much searching on the Internet to find some iteration of the Dollar is Dead narrative. It tends to be paired with #gold, #silver, or #Bitcoin is heading to the moon. The driving force for the demise of the dollar rang from hyperinflation to the fall of the petrodollar and rise of the petrol yuan. The latter argument, really fake news when compared to how markets actually trade, has been fully embraced by gold bugs and crypto zealots on social media. The argument that seems to trap every incoming generation is absolutely laughable in terms of what drives the world’s core currency.

The majority talking bearish about the dollar is indirectly saying that the #Euro, #Yen, and Canadian Dollar, and other periphery currencies will soar as the dollar declines. We talk about this false assumption in the US Dollar Report. This is not how empires die.

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Energy Anticipates Turns

Energy anticipates turns in the composite trend. The major currencies DI climbed above 40% to 59% on 08/27. Readings above 40% describe concentrated accumulation by the invisible hand. By 9/24/24, WA fell to 28%, and DI and DI2 rose to 64% and 18% (see Chart 1). Aggressive accumulation within a quiet market warned the bears that they were wrong.

The majority, a complacent group following the daily and weekly downtrends, coughed bullshit, ignored the warning, and explained to us that the computer was wrong. Fast-forward a few weeks, the dollar has rallied off the 09/24 low, the bears have crawled under a rock, and the major currencies DI is slowly releasing the largest bullish concentration since the 2020.

Why is the dollar rallying? Better yet, what is the invisible hand worried about? The next Gold & Silver Report update will start the the discussion.

Chart 1: Major Currencies DI

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The Matrix provides market-driven trend, cycles, and intermarket analysis.

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The Matrix provides market-driven trend, cycles, and intermarket analysis.

Source: http://www.edegrootinsights.com/2024/10/dollar-review-uup-udx-energy.html