METACroc29

DXY: The Short Before The Short

Short
CAPITALCOM:DXY   US Dollar Index
Liquidity Has Been Engineered In The Form Of Relative Equal Highs On D1 Timeframe (Institutional). The Greenback Has Experienced An Extreme Long Bias Over The Past Couple Of Weeks. The Fed Has Recently Adjusted Interest Rates, The Effects Of This Decision Are Yet To Be Seen As Market Has Not Gathered The Necessary Amount Of Liquidity To Facilitate The Contraction Of The U.S. Economy. Commitment Of Traders Report Has Been Indicating That Commercials Are Hell-Bent On A Bear U.S. Market Being Prevalent, With Retailers Being On The Opposite Side Of The Directional Bias, This Indicates To Us That The Relative Equal Highs Do Indeed Hold A Significant Amount Of Buy-Stops And That Price Is Very Likely To Gravitate Towards Them. This Coming Week Will Prepare Us For The Overall Movement Of This Market During The Remainder Of This Quarter By Way Of Technical Information. The Scheduled High Impact Fundamental Data Will Provide High Market Volume Which Will Allow For High Volatility. This Will Serve As A Medium For Significant Price Moves So Market Can Gather Said Liquidity.


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