DXY set to continue it's bearish run this week. The Fed's is expected to keep the interest rate constant as the ECB did the previous week. This set, we can push on to the EURUSD Weekly Bullish swing still continues. With the stimulus coming to americans, Inflation is on the rise. XXXUSD Bullish USDXXX Bearish.
DXY SET FOR A BEAUTIFUL FALL THIS WEEK. Expect a weak USD. EURUSD expected to make a weekly bullish run!!!
DXY Fill it's Liquidity Void last week as expected but is that all?...... Smart Money Buy Orders are currently underwater and the loss will need to be mitigated by a retracement to correct an Inefficiency. The Long term Move for the DXY is an Expected low back to the Daily FVG. Expect a very Strong fast bearish Movement on XXXUSD and Bullish on USDXXX Pairs.
DXY @ a PD{Premium&Discount} Equilibrium on the Daily Chart means a possible Directions in both sides but a bearish move can be expected via the Fundamental as the Dollar rise was only pushed by the Feds, The bond market still continues rallying higher... If price breaks the bullish OB @94.23... Then we have a bearish move on XXXUSD & USDXXX.
The DXY is still very much bearish, every retracement on a bullish side can be seen to either fill up gaps or correct Price Inefficiency. What this means for Dollar based pairs? EU still shows signs of bullishness on HTF in contrast to GU which shows bearishness on Weekly though the monthly bias still remains bullish. EU yet to break its bullish...
.... Price is expected to target the Sellside Liquidity below targeting the OB as Support to accumulate Sellside Liquidity and take out the Buystops of retails. A more bullish move is expected for this Index this week.
.....DXY will make a rejection at the Daily Bullish OB Mean Threshold... Probably Wednesday/Tuesday and start Retracing higher to grab the Liquidity Pools above. DXY is a positive correlating Future for USD based Pairs, If a bullish move is seen on DXY, USD based pairs also becomes bullish or stay in consolidation depending on the Market Cycle
DXY Bearish IOF. The Upward moves is as a result of Smart Money aiming for internal Liquiditys. IOF still remains Bearish.... Short term Buy on USDXXX and Short term Sells on XXXUSD Pairs
I expect a impulse price rally up to the Quarter Level(Accumulation of Buystop) and a price consolidation(Manipulation) before price is finally been delivered to the Sellside(Distribution). Price returns to a Discount for the smart money to buy more from willing and unwilling sellers at a DISCOUNT.
Expecting a BMS Possibly For a Bearish Run. Liquidity Pool at the EQL, Smart Money might seek out that liquidity first, raid it and go back for a Judas Swing before the bearish Run
Going into the new week, we can expect the Index Breaking the Market Structure to the upside and creating a swing low at the Previous Bullish OB before rising to create an higher high thereby clearing the Liquidity Engineered.
Liquidity are yet to be taken out to the upside. Price Retesting an OB possibly creating a Bearish Order Flow. DXY @ a Daily Bullish Order Block.