DXY D1 - Haven't really moved much since yesterdays, we are holding ground and slowing down, I just want to see a bit more from the dollar, a close around 106.500 this week could see us close bullish, which would be very attractive, a possible swing correction from 113 to 105 could be realised next week, we have pinned into a considerable zone, support and demand...
GBPUSD H8 - Dollar bullish means we are generally seeing the YEN offload and vice versa. We are still technically in the bull trend here on cable on the H4 and H8. We have pinned into 1.20 which is a psychological price, and yet to see anything major on a pullback front, so that does concern me. Similar outlook on gold, we seem to be exhausting
XAUUSD M30 - Looking attractive for shorts here around 1770. XAUUSD H1 - We have broken downside and started to retest the underside, however dollar is sitting fairly flat at the moment.
S&P500 D1 - US stocks starting to climb off the back of recent events, mainly the inflation turnaround and confidence in rate hike performance. Typically we see the dollar fall as the US stock market gains, or vice versa due to negative correlation. Risk on/risk off cycles in effect, largely influenced by global and regional macroeconomics when concerning the USD....
GBPUSD D1 - Wouldn't like to attempt to swing short this pair, due to it's aggressiveness, or any USD related pair for that matter, however, I would still be happy to indicated preferred buy zones upon relative corrections, regardless of where we head, we can simply prepare ourselves for buy opportunities amongst ***USD pairs, whether we pullback and realise them...
DXY D1 - Two extremely bearish days to end the week last week for the dollar, inflation figures coming in lower than expected has really highlighted the possible pivot for the FED, inflation and interest rate woes. Simply looking for this bear run to expire, from here, we can then look for some healthy corrections, before then trading amongst new and fresh trading...
EURJPY H4 - Unlike GBPJPY, we actually retest the zone we were looking for on EURJPY. This isn't something we took, but the impulse entry would be 1.5R and the break and retest entry may be presenting itself at some point today, alerts have been set and we will likely call this one if we get the opportunity.
DXY H4 - Expecting the dollar to pick up somewhat and resume it's bull from catalysed from Wednesdays FOMC event. A pullback to 112.00 before bouncing would make some sense. We have seen a very small relief rally for ***USD pairs in the scheme of things so far. But with the line up of data we have, I think the aggression may continue.
DXY D1 - Really want to try and grab some short entries on these ***USD pairs soon, as we approach this 110 whole number on DXY we are sat at 1.10 on EURUSD and breaching 1.15 at the moment on cable. Plenty of time left to stablise. London open volume can often be deceiving, pump before the dump essentially. Not jumping into anything until we start to see some...
DXY D1 - Higher timeframe analysis here on the dollar index, daily timeframe looking at the bigger picture, we are wanting to benefits from ***USD shorts in the near term as DXY supports at this 111.500 price. We have 'technically' already pinned into this support region, but another test may be witnessed.
EURJPY H4 - Different brokers are showing different closes on this H4 resistance price of 147. Other brokers are showing this 147 handle as a triple top on the H4 with the exception of this spike upside on the 21st October (last Friday). I'd like to think this pair and the YEN is oversold, hoping for some short term gains from the YEN.
EURJPY D1 - Daily timeframe analysis here following yesterdays daily close which failed to breach and set new highs. Strong bullish daily candle, but hoping for a rejection candle here to take price back down towards that 144 handle, healthy 300 pip range possible due to unfold.
GBPUSD H4 - We are trading south of this 1.13 whole number, and we are still descending on multiple timeframes, the daily, H4 and H1, undoubtedly. Analysis to follow on the hourly timeframe, to justify to potential intraday entry point. Targets initially 1.08-1.10 I feel, this could be a healthy balance price, until we hear more from Sunak and government...
USDWTI H2 - We broke above the previous area of S/R and held above for a ltitle while, wicks punctured support but couldn't sustain (first white line, now TP1). Following this, we broke and retest and we are now trading $2 lower at circa $79/barrel, we would like this zone to hold as support so we can gauge long positions, with targets as indicated.
GBPJPY H1 - A mental week to say the least for the GBP and YEN, yet again. Some monster moves, 600 pips seen on single M5 and M15 candles, thankfully, healthy corrections seen towards the latter part of the week, which has balanced zones and made things measurable for us to follow going into this fresh week. Huge 10R trade potential down towards the previous area...
XAUUSD D1 This is a little way away don't get me wrong, but keen to follow this if the dollar continues to perform the way it has been and the way we expect it to going forward. A simple break of support and retest of the underside is when we are looking to get involved here.
XAUUSD H4 Trendline here drawn just to evident the clear bearish move, very much still in a downtrend here. Looking for that next bear leg and healthy correction as stated on the above D1 analysis. Certainly an attractive pair to follow with lots of downside potential if this $1700 can be breached.
DXY H4 And finally... we have broken our resistance price and set fresh yearly highs, we have lots of data coming up later on this afternoon with regards to the USD. AE, UE and of course NFP figures. Corrections being seen on the lower timeframe here (H4), looking to support at around 108.900.