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11/26/23 DXY Daily Outlook11/26/23 DXY Daily Outlook #DXY #DailyOutlook We tapped into the 4H-FVG(L), into the YOP again, and took out the PDL PWL with the move up during the over night sessions and into the NY session. We left a new 4H-FVG through the lows taken out, a new 4H-OB, a Price gap on the 1H LTF and in the process of trading down into the PWH from 8/30. This will be our biggest news release, however, we do have a few #FOMC speakers but not Powell. We also have Richmond Manufacturing Index numbers #RMI and the S&P/CS Composite-20 HPI y/y at 9:00am. 10:00am USD CB #ConsumerConfidence 101.0 102.6 XXX/USD bullish USD/XXX bearish #BullishCase: A bullish move on Dollars means that we are seeing a LTF move through the 4H-FVG. Once we move through it we see that price uses the 4H-FVG as an IFVG setup to the upside. We then target the previous -POIs, the PDH from Monday and back into the 4H-IFVG range. #BearishCase: A bearish scenario is a bit more probable at the moment still. We left fresh -POIs and we can look to take setup off of each of these, the Price Gap, the 4H-FVG, 4H-OB, and as you can see on the 1H TF these same POIs are available as well. 1H chart 4H chart D chart
TVC:DXY
by Cory4rex
11/26/23 DXY Weekly Outlook11/26/23 DXY Weekly Outlook #DXY #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: A bullish move on Dollars means that we are seeing a LTF move through the 4H-FVG. Once we move through it we see that price uses the 4H-FVG as an IFVG setup to the upside. We then target the previous -POIs, the PDH from Friday and back into the D-IFVG range. #BearishCase: A bearish scenario is a bit more probable at the moment still as we have a PDL from Friday within a few points below us and last week’s PWL as well. The initial moves of the week will need to be how we handle the 4H-FVG made on Friday near the YOP. If we get a reaction within that range we can see continuation to the down side from there. XXX/USD bullish USD/XXX bearish 1H chart 4H chart D chart W chart
TVC:DXY
by Cory4rex
11/19/23 DXY Weekly Outlook#DXY #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. Probability for dollar this week looks like we will definitely take out the PWL last week that I was sitting at 103.815. We are sitting inside a D+FVG but we have the yearly opening price #YOP just about 0.31% below us and that may be what we’re drawn to at least to tap it. We could see some LTF moves to the up side but the daily and weekly charts are pretty heavily favored to the downside meaning that: XXX/USD bullish USD/XXX bearish D chart
TVC:DXYShort
by Cory4rex