April 3, 2024 | Israeli into April
QUESTION: Marty Socrates was the only one to forecast the trend change in Israel in 2021. With tensions rising over Iran, the forecast for a dollar rally into 2025 seems to be on point. My question is, I assume the 2021 low is a major low, and how high will the dollar go?
Thank you so much for Socrates. It is the only analysis that is ever unbiased.
HS
ANSWER: The 2021 low was the target on the array and our Bifurcation models. This currency elected a Yearly Bullish signal at the end of 2022, and that confirmed that the 2021 low would be a major low. It is interesting that when Israel withdrew from Lebanon in 1983, the dollar rose for 19 years. It was 2021 when the Israeli-Palestine Crisis started to catch fire. Once again, you see that the dollar rises from the threat of a Middle East War.
The volatility was due to rise the first week of April but this appears to be escalating into the week of April 22nd
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Martin Armstrong April 3rd, 2024
Posted In: Armstrong Economics
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