The US$ Has A Positive Outlook In 2022
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The US$ is likely to trend up all year with corrections in April-May and in September. The monthly cycle rises in 2022. The support level at 90-92 is unlikely to be broken. The overhead resistance or upside price targets are 105-106 and 115-116.
The second graph shows the monthly price with bullish momentum. Graph three is that of the annual seasonality The fourth graph depicts the $ monthly from 1880. Note that the breakout from the falling wedge pattern suggests several more years of outperformance.
The reason for this strength will likely derive from foreign money seeking refuge in America. Instability overseas leads investors to seek safety for their funds and 2022 appears tough.
Monthly $ Cycle
The monthly dollar cycle rises throughout 2022.
Cycles Research Investments LLC
This graph shows higher lows in momentum and in rate off change, constructive conditions.
US$ Monthly from 1880 with Momentum
Momentum is constructive.
Cycles Research Investments LLC
Below, we see the seasonality histogram of the $ over the last 36 years. There are potential periods of weakness in April, September and in December.
US$ Seasonality
This monthly histogram shows the seasonal behavior of the dollar.
Cycles Research Investments LLC
Blue: Average Percentage Change
Red: Probability of a rise on that day
Green: Expected Return (Product of the first 2)
Note the major breakout below.
US$ Monthly from 1880
This monthly graph shows a major breakout from multi-year formation.
Richard Mogey
Financial Services
via Forbes – Investing https://ift.tt/2pHRcTd
December 23, 2021 at 05:51AM
