The dollar is in a massive discount and we are looking for key areas of "innefficiency of price delivery" to hold. preferably around the 78% fib level, (Deeper Reatracement).
-looking for buy side liquidity to get taken out
-monthly support is extra confluence
-COT (order flow) data shows that net positions are decreasing on chf and stacking more on the dollar side
FUNDAMETALS
-Despite positive NFP numbers , the dollar gave back a lot of the gains obtained midweek.
-The news may have been underwheming for dollar bulls. (ADP NFP numbers could have been misleading)
-Inflation indicators could be major market movers next week. i.e CPI
-nontheless dollar bull theisis stands
TECHNICHALS
-Price at key supply zone 0.6900
-if...
FUNDAMENTALS
-we are in full on risk off sentiment
-the buck is making a resurgence
-good unemployment numbers
-inflation in the US is decreasing after an overall plateau
-CoT data favours the US dollar
TECHNICALS
-After a lerthagic uptrend, buyers failed to break 0.6900 area.
-Double top at supply zone, where neckline was subsequently filled was retested and...
FUNDAMENTALS
interest rate hikes, rising inflation, macroeconomic uncertainty, global pressures and the strong US dollar are just a few fundamentals.
The potential reopening of China poses a threat to many tech100 companies, as share prices also plumet. i.e apple and tesla.
TECHNICALS
-highs have been liquidated
-Overall bearish market structure (i.e H&S on...
