DynamicTraderBrokers

DynamicTraderBrokers

DXY made a pump from the area last idea mentioned. Despite making a noticeable upward move, the precious metals market seemed unfazed and managed to defend previous bottom areas well. Now it appears more likely that Dollar is not able to sustain the rally, and the arrows indicate potential downward move areas. A bounce from these areas is possible Feds continue...

DynamicTraderBrokers

Market appears to have settled from lows and is showing strength in the pre market. Exxagerated Bullish divergence from the 4hr RSI appears to have bounced off in the Pre market hours. Pre market moves in some cases can dictate how the rest of the trading day goes, and if the bullish candle holds, we can see a potential retest of previous structure highs to form...

DynamicTraderBrokers

The continued strength of the Dollar is putting the bitcoin rally in jeopardy. 4hr chart correlation is around -0.6, while daily is about -0.2 which is fairly weak. Its likely to see the correlation get stronger. Overall bitcoin rallied hard as the dollar weakened, and a dollar rally could do the opposite. Very Bullish Scenario: Dollar continues to drop from...

DynamicTraderBrokers

Despite the Feds dovish policy, which is willing to accept high inflation and subsequently a weaker dollar ( not directly said but a consequence of high inflation ), The dollar has rallied. Fundamentally, this could be possible in the short term since deflationary forces are still more dominant with consumer spending still noticeably below pre-covid levels, still...

DynamicTraderBrokers

Nasdaq Plan