The danger with creating a narrative from a chart is that its all too easy to over simplify what was in fact a strange, complex, at times random course of events. As a result we may bias our interpretation to what 'fits' with what we see.
That said I believe there is always a dominant factor, often hidden, that at its core drives a market through a particular period in time.
The dollar may largely owe its fall to lowering rates and ballooning debt. Every major rally since then may be either a flight to safety in a crisis, or an expectation of interest rate increases.
This weeks strong close below its double bottom may be a warning that the Dollars slide has alot further to fall.
That said I believe there is always a dominant factor, often hidden, that at its core drives a market through a particular period in time.
The dollar may largely owe its fall to lowering rates and ballooning debt. Every major rally since then may be either a flight to safety in a crisis, or an expectation of interest rate increases.
This weeks strong close below its double bottom may be a warning that the Dollars slide has alot further to fall.