Dollar CPI Alert: Potential Buyside Draw for DXY

🚨 High Impact News Alert! 🚨
News Release: Core CPI
Time: 08:30 NY Time

Attention traders! Core CPI news is slated for release at 08:30 NY Time. 🕣 Brace yourselves, as this news is known to inject significant volatility into the market.

My analysis indicates a potential upward movement for DXY. The aim is to address inefficiencies lingering from last week's downward trend, which specifically targeted the Daily Sell Stops and mitigated the Daily Order Block.

Adopting the perspective of Smart Money, we have the understanding that Smart Money used the Buy Stops for Order Pairing. Capitalizing on market inefficiencies such as Volume Imbalances and Liquidity Void will be the objective.

Our target is the Daily Bearish Order Block, marking a return to Fair Value (Liquidation Zone). This strategic approach positions us to anticipate directional moves in USD-based pairs, potentially signaling a Bearish Idea, I will be looking at a Bearish Idea on GBPUSD.

Stay tuned for a detailed video analysis and further updates as we navigate these dynamic market conditions. 📈💼

Kind Regards,
The_Architect

Comment:

Instead of DXY pushing further towards Extreme Premium prices, it might consolidate before resuming its bearish trend.

Currently, I anticipate a temporary downward movement, targeting the Discount Sell Stops, before resuming the upward trajectory.

Refer:

Kind Regards,
The_Architect

Comment:

We would eventually like to see the market reach into the Daily Order Block, at the moment we have filled the Volume Inefficiency. We may get a minor reaction to it.

Refer:

Kind Regards,
The_Architect

Comment:

As DXY continues to reach the Order Block there is specific Buy Stop Liquidity that we need to reach on the order block. Only after that we can anticipate bearish momentum.

Refer:

Kind Regards,
The_Architect