Hello FX/futures traders!
Market is at a pivotal point. Not in a bad way, but in a good way!
Chart 2:
DXY
Let's start with the US Dollar . A declining USD was just well defended the last few days. If this is true, then the stock up, dollar down scenario is likely to continue. This is good for equities.
Chart 4:
GC1!
Gold defends its trendline as well. It seems like gold wants to go up more. A raising gold in the current scenario suggests declining USDDXY . This isn't always true, but we have to look at the current correlation and makes the best educated guess on this.
Logical Deduction 1:
Chart 1:
TN1!
A consolidation phase has been going on for almost 2 years now. This is definitely
a good sign to long bond, as at least we know the likely bottom for stoploss. With dollar leaning down and gold up, I think TN will defend its current level around 110-113.
Logical Deduction 2:
Chart 3:
6J1!
JPY is defending its first key level since May 2025. A wedge is forming, and the breakout is about to take place later this year. Likely the consolidation phase will take more time (with likelihood to breakout to either side). But with a declining USD side by side, I consider now a good entry point to long JPY with controllable risk.
Let me know what you think!
Market is at a pivotal point. Not in a bad way, but in a good way!
Chart 2:
DXYLet's start with the US Dollar . A declining USD was just well defended the last few days. If this is true, then the stock up, dollar down scenario is likely to continue. This is good for equities.
Chart 4:
GC1!Gold defends its trendline as well. It seems like gold wants to go up more. A raising gold in the current scenario suggests declining USD
DXY . This isn't always true, but we have to look at the current correlation and makes the best educated guess on this. Logical Deduction 1:
Chart 1:
TN1! A consolidation phase has been going on for almost 2 years now. This is definitely
a good sign to long bond, as at least we know the likely bottom for stoploss. With dollar leaning down and gold up, I think TN will defend its current level around 110-113.
Logical Deduction 2:
Chart 3:
6J1! JPY is defending its first key level since May 2025. A wedge is forming, and the breakout is about to take place later this year. Likely the consolidation phase will take more time (with likelihood to breakout to either side). But with a declining USD side by side, I consider now a good entry point to long JPY with controllable risk.
Let me know what you think!
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FREE real time trade & stock recommendations on X:
x.com/BoiPlunger
FULL transparency
x.com/BoiPlunger
FULL transparency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.