Daily Market Outlook: BTC & Forex Setups (#3) | CPI ImpactBefore jumping into today’s analysis, let’s quickly revisit yesterday’s key event – the CPI report. As expected, it triggered a major sell-off in both crypto and stock markets.
📌 BTC Daily – Bulls Still Holding the Line?
Despite the heavy selling pressure and low volume, BTC managed to close above the $95K support level yesterday.
📊 Key Observations:
Sellers dominated, but buyers are still holding ground within this daily range.
No confirmed breakdown below $95K, so yesterday’s short scenario is invalidated.
Market remains extremely volatile, making clean trade setups difficult.
📌 Plan: Sitting out of crypto today until we get a clearer structure.
📊 DXY – Time-Based Correction or Breakdown Incoming?
The Dollar Index (DXY) is currently in a time-based correction and testing a key support at 107.372.
📊 Potential Scenarios:
✅ If support holds, we might see DXY push higher, adding pressure to risk assets.
❌ If it breaks down, expect further declines toward 105.692 and possibly 103.451 (Fib levels).
📌 Bias: Short-term bearish, but cautious due to the overall uptrend.
📉 USD/JPY – Short Setup in Play?
USD/JPY has completed its corrective phase within a major downtrend and seems to be resuming its bearish momentum.
📊 Key Trade Setup:
🔹 Short Entry: 153.391 (if triggered)
🔹 Take-Profit Zone: 152.473 support
If momentum continues, this could be a clean short opportunity.
Final Thoughts & Risk Management
⚠ Market is still choppy—wait for clear confirmations before entering trades.
⚠ FOMO is your worst enemy, risk management is your best friend.
💬 I’m Skeptic, and I’ll see you tomorrow with another market breakdown! 🤍
⚠ Disclaimer: These trade setups are based on my personal analysis and are not financial advice. If you don’t have a solid risk management plan, these triggers may not be suitable for you. Always do your own research (DYOR) and trade at your own risk. 💡
DXY
Gold NEW ATH to $2,912?! (VIDEO ANALYSIS)4H chart has hit our resistance zone & rejected. But, on the smaller TF we're currently seeing a re-distribution schematic play out on Gold ahead of its sell off which means we MIGHT see 1 more new ATH. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high.
This sell off schematic normally builds up within a 'Flat Correction' channel, which traps in early sellers & late buyers into the market. This is why it's a hard pattern to recognise.
⭕️POI 1: $2,857 - $2,848
⭕️POI 2: $2,826 - $2,817
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
The EUR/USD pair has been moving in a range-bound and choppy manner over the past week. However, as long as the price does not break below the identified support level, we expect it to rise at least toward the specified target zone.
A break above the key resistance area could provide a buying opportunity, signaling a potential continuation of the bullish trend. If this resistance is breached, further upside movement may be expected.
Don’t forget to like and share your thoughts in the comments! ❤️
DXY Will Go Higher From Support! Buy!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 107.865.
The above observations make me that the market will inevitably achieve 110.063 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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**DXY 4H Analysis: Ascending Channel Support, Bullish Move AheadThis DXY 4H chart shows an ascending channel with multiple BOS (Break of Structure) and CHoCH (Change of Character) points. The price is currently near the lower trendline support, around 107.754, suggesting a potential bullish reaction.
A minor BOS has formed, and a possible retest of the 108.000 zone could act as confirmation for a bullish move. If the price holds above this support, the next upside target is around 110.062. However, a breakdown below the ascending trendline could indicate weakness, with support levels at 107.706–107.675 and a stronger demand zone lower around 106.400.
DeGRAM | DXY retest of the trend lineDXY is in a descending channel between trend lines.
The price is moving from the lower boundary of the channel and has already reached the dynamic support, which has previously acted as a rebound point twice.
The chart dropped below the 62% retracement level and afterwards formed a harmonic pattern and even though the descending structure has been maintained, the index has not yet formed a descending bottom.
We expect that after consolidation above 107.760 DXY may rise in the channel to the nearest resistance at 108.540.
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Elliott Wave Analysis for EUR/USD - Bullish OutlookPEPPERSTONE:EURUSD
This analysis is based on the application of Elliott Wave principles for the EUR/USD market on a weekly timeframe.
💡 Wave Identification:
Corrective Cycle (ABC): After a peak marked by wave B, the market completed a 5-wave downward structure (waves 1 to 5), forming wave C, signaling a possible end of the correction.
Potential Reversal Zone (2/B): The current point is a strategic level where a bullish rebound is anticipated.
📊 Projection:
A bullish impulse is expected from point C. The initial target lies in the 1.1140 - 1.1217 zone, corresponding to key resistance levels and Fibonacci projections.
🧠 Conclusion:
A breakout above 1.0440 could confirm a significant bullish impulse, suggesting buyers are regaining control.
⚠️ Disclaimer : This analysis is not financial advice. Always conduct your own research before investing.
DeGRAM | DXY growth in the channelThe DXY is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support, which has already acted as a rebound point twice.
The chart has formed a harmonic pattern.
The index will continue to grow after consolidation above the 62% retracement level.
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DOLLAR INDEX Good Day Fellow Traders
We have seen that the Dollar has stopped trending at 110 area as market on the chart as a weekly level of resistance, with thus we have closely been tracking the cot index which indicates that a correction is due, although there has not been much action of impulsive move down, we do expect at least a 3-wave pullback down to the 105 area, should this level break it open the chart for a drop down to the weekly level at 104.00.
Yesterday we had a higher inflation reading, with trump policies in action we could expect more of the same higher volatile moves to come and USD to be the dominant trading currency under the rain of Trump. My personal opinion would be to stay away from forex pairs and rather shift focus to swing and position trade the global indices as political turmoil will affect currencies most, look at monthly, weekly and daily charts(entries) with wide stops
Gold Alert: Testing 2881 Risk Zone!Gold at a Crossroads: Awaiting Key Triggers
XAUUSD is navigating a critical juncture, testing a pivotal risk zone that could dictate its next major move. From this level, we either witness a trend continuation or a deeper corrective phase.
Key Drivers: CPI Data & Policy Uncertainty
All eyes are on the upcoming US CPI report, which could inject fresh momentum into the market. Inflation figures will play a decisive role in shaping expectations for the Federal Reserve’s next steps, influencing both gold and the broader financial landscape.
Meanwhile, geopolitical and economic uncertainties add complexity. The Wall Street Journal reports that the Biden administration is preparing new tariffs, which could introduce fresh volatility and global economic risks. At the same time, Fed Chair Jerome Powell has signaled a cautious stance, reinforcing expectations of only a single rate cut in July. This has pushed bond yields higher, creating additional headwinds for gold.
Technical Outlook: Key Levels to Watch
Resistance: 2898, 2910, 2929
Support: 2881, 2870, 2855
Potential Scenarios:
🔹 Bullish Case: A false break below 2881 could signal ongoing bullish momentum. If buyers defend the 2881 – 2885 zone, gold may stage a rally towards 2930 – 2950 in the short to medium term.
🔹 Bearish Case: A decisive break and consolidation below 2881 could trigger a wave of liquidation, driving prices lower towards 2855 – 2848.
Market Sentiment: A Stalemate Before the Storm
With crucial news ahead, the market is at a tipping point. Whether gold surges or sinks depends on inflation data, Fed policy clarity, and potential tariff developments. Traders should brace for volatility as these catalysts unfold.
DXY Dollar Index Market Bearish Heist Plan (Day/Swing Trade)🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 108.500 (swing Trade Basis) Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 105.500 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
DXY Dollar Index Market is currently experiencing a Bearish trend., driven by several key factors.
💠Fundamental Analysis
Weakening US Economy: The US economy's growth is slowing down, which could lead to a decline in the dollar's value.
Falling Interest Rates: The US Federal Reserve's decision to cut interest rates could weaken the dollar.
💠Macroeconomic Analysis
The US economy's growth, inflation rates, and employment numbers influence the dollar's strength.
Global economic trends, such as trade tensions and geopolitical events, also impact the dollar's value.
💠COT Data Analysis
Net Short Positions: Institutional traders and large banks have increased their net short positions in the DXY Dollar Index, indicating a bearish sentiment.
COT Ratio: The COT ratio has fallen to 1.2, indicating a bearish trend.
💠Market Sentimental Analysis
Bearish Sentiment: 55% of client accounts are short on this market, indicating a bearish sentiment.
Option Skew: The 25-delta put option skew has increased to 15, indicating a bearish sentiment.
💠Positioning Data Analysis
Institutional Traders: Institutional traders and large banks are positioning themselves for a bearish trend, with some predicting a decline to 105.50.
Corporate Traders: Corporate traders are also monitoring the index's performance, considering factors like interest rates and global economic trends.
💠Overall Outlook
Bearish Trend: The DXY Dollar Index is experiencing a bearish trend, with a potential decline to 105.50.
Key Support Levels: 106.57, 105.50.
💠Technical Analysis
Moving Averages: The 50-day MA is indicating a bearish trend.
Relative Strength Index (RSI): The RSI has fallen to 40, indicating oversold conditions.
Bollinger Bands: The lower band breakout indicates a bearish trend.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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"Gold Price Analysis: Key Support Break Could Target 2865 and LoThe chart shows that gold (XAUUSD) is currently in a descending channel after a strong uptrend. The price is testing a major support zone around 2883, and a break below this level with bearish confirmation could lead to further downside. the bearish structure suggests more downside pressure. Keep an eye on confirmation signals before taking a position.
If gold breaks below 2883, the first short-term target would be 2865. If bearish momentum continues, the next target would be around 2845, followed by the key support at 28 72. Watch for confirmation before entering a position.
WTI on high time frame
"Hello traders, focusing on WTI, the price has hit the daily order block at $73.5 and experienced a strong rejection on the 4-hour chart. The price has broken below the trend line and is indicating potential downward movement during the Asian session today. It's important to note that there is a CPI news release during the U.S. session today, so exercise caution in your trading decisions."
If you have any specific questions or need further assistance with your message, feel free to ask!
Highlights of J.Powell's monetary policy testimony1. Interest rate outlook: Reiterating that there is no need to rush to adjust interest rates. If the economy remains strong and inflation does not get close to 2%, policy can remain prudent for longer. If the labor market weakens unexpectedly or inflation falls more than expected, policy could be loosened modestly.
2. Inflation situation: Long-term inflation expectations appear solid. Inflation is close to the 2% target, but still a bit high. Focus on achieving your dual goals. The Fed's framework review will not focus on inflation targeting.
3. Labor market: Unemployment rate remains low and stable. The labor market situation has cooled after the previous overheating period and remains solid, not becoming a source of inflationary pressure. The labor market situation in general remains balanced.
4. Banking supervision: Commit to adjusting banking supervision activities, avoiding creating excessive burdens for banks. It is necessary to reconsider the "non-bank" issue. Committed to the ultimate goal of completing Basel III.
5. Long-term interest rates: The Federal Reserve cannot control long-term interest rates, and the reason long-term interest rates are high has nothing to do with Federal Reserve policy. Long-term interest rates are determined by supply and demand in the bond market.
6. Tariff issue: I still maintain my previous view that countries implementing free trade will have faster economic growth. The Federal Reserve declined to comment on the Trump administration's tariff policy.
7. Housing issues: Fannie Mae and Freddie Mac may lower mortgage rates. Even as interest rates fall, the housing shortage continues. It is unclear whether interest rate cuts will lead to a reduction in housing inflation.
8. Other highlights: If the Consumer Financial Protection Bureau (CFPB) is shut down, there will be a gap in consumer compliance protections. There is no possibility of launching a central bank digital currency.
Gold Sweeps before Major PlaysWait if you looking for the move! Cause price will give us some type of validation of what it wants to do. It can remain bullish and break through this area or it can pull back and grab some liquidity before continuing. We just have to wait for the killzones to show up a clearer read.
DXY Possible ideaDXY has been bullish for quite some time now. From what we can see, it has been breaking highs with momentum. It has recently retraced back just above an unmitigated demand zone, where lots of liquidity is currently hovering above. It could use this liquidity to fuel its move to the upside after it mitigates this demand area, breaking the latest weak high that awaits a liquidity run.
Gold Wave 5 Bull Complete?! (UPDATE)Gold has been absolutely crazy since market open last night! With a huge 350 PIPS move up on market open, price crashed back down 600 PIPS overnight. This impulse move down is a strong indication the top for Wave 5 could be in.
Time for market structure to form its corrective phase now📉
"Gold Price Rebounds from Major Support, Eyeing Key Resistance LThis chart represents a 1-hour time frame analysis of gold (XAUUSD). The price recently tested a major support zone and showed signs of rejection, indicating potential bullish momentum.
A possible target for the upside move is around the 2,926 resistance zone, with the first target at 2,904. The price structure suggests that if the support holds, buyers may push the price toward these levels. However, a failure to hold above the support zone could signal further downside.
4 Scenarios for Anticipating The Fed's PolicyBased on prevailing economic conditions and financial pressures
Scenario #1 | The Fed’s Policy and Its Implications
High Inflation Persists & Bank Liquidity Declines
Conditions:
Bank Credit grows slowly, while Deposits grow at a slower pace than Borrowings.
Cash Assets decline significantly, indicating a reduction in liquidity within the banking system.
Interbank lending rates rise, tightening funding among banks.
Inflation remains high, but economic growth slows.
Possible Fed Policy Responses:
Maintain high interest rates or increase further to curb inflation.
Reduce bond holdings through Quantitative Tightening (QT) to absorb liquidity from the financial system.
Open emergency lending facilities for banks to prevent panic in financial markets.
Impacts:
USD may strengthen as higher interest rates make dollar-denominated assets more attractive to global investors.
Increased pressure on banks, especially those heavily reliant on short-term funding.
Stock markets may experience a correction, particularly in interest rate-sensitive sectors such as technology and real estate.
Scenario #2 | Recession Starts to Surface & Credit Tightens
Conditions:
Bank Credit stagnates or turns negative, indicating that banks are restricting credit due to concerns about default risks.
Deposits stagnate, as investors prefer alternative assets such as bonds or gold.
Stock markets begin showing bearish pressure due to economic uncertainty.
Possible Fed Policy Responses:
Gradually lower interest rates to stimulate borrowing and investment.
End Quantitative Tightening (QT) and restart Quantitative Easing (QE) to inject liquidity into the markets.
Adjust bank reserve requirements to allow more flexibility in lending.
Impacts:
USD may weaken as lower interest rates reduce the attractiveness of dollar-denominated assets.
U.S. government bonds will become more attractive, causing bond yields to decline further.
Stock prices may rise, particularly in sectors that benefit from lower interest rates, such as technology and real estate.
Scenario #3 | Liquidity Crisis in the Banking System
Conditions:
Sharp declines in Cash Assets, causing some banks to struggle to meet short-term obligations.
Deposits exit the banking system, as public confidence in banks decreases.
Federal Funds Rate spikes, making interbank borrowing more difficult.
Possible Fed Policy Responses:
Provide emergency lending facilities for banks facing liquidity shortages, as seen during the 2008 and 2023 financial crises.
Lower interest rates in an emergency move if liquidity pressures worsen to maintain financial stability.
Collaborate with the FDIC to guarantee deposits and prevent bank runs.
Impacts:
Financial markets may experience high volatility, with potential panic selling in banking stocks.
Investors will flock to safe-haven assets such as gold and U.S. government bonds, causing their prices to surge.
Confidence in the USD may temporarily weaken, especially if the Fed injects large amounts of liquidity into the system.
Scenario #4 | Soft Landing - Stable Economy & Fed Policy Adjustments
Conditions:
Inflation is under control, and the economy continues to grow positively.
Bank Credit grows steadily, and bank liquidity remains adequate.
Stock markets remain calm, with no signs of panic in financial markets.
Possible Fed Policy Responses:
Keep interest rates stable for an extended period, with no drastic changes.
End Quantitative Tightening (QT), but avoid immediately restarting QE.
Collaborate with financial regulators to maintain banking system stability without major interventions.
Impacts:
USD remains stable, as no major monetary policy changes occur.
Lending rates remain in a moderate range, supporting investment and consumption growth.
Stock markets may gradually recover, particularly in sectors benefiting from stable monetary policies.
Anticipating The Fed’s Policy!
If liquidity declines and inflation remains high → The Fed is likely to maintain high interest rates & tighten monetary policy.
If a recession starts to emerge → The Fed may lower interest rates & ease monetary policy to support credit and investment.
If a liquidity crisis occurs → The Fed may bail out banks, lower interest rates, and stabilize the financial system.
If the economy remains stable → The Fed may hold interest rates & make only minor adjustments.
Recommendations:
Monitor The Fed’s statements and key economic data (CPI, PCE, NFP, GDP) to anticipate upcoming policy changes.
Analyze market reactions to monetary policy to identify trends in stocks, bonds, and USD.
Use bank liquidity and Borrowings data to assess potential liquidity constraints in the banking system.
If you have additional insights or different perspectives, I’d love to discuss them in the comments!
ICEUS:DX1! ICEUS:DXY CBOE:CBOE NASDAQ:CME TVC:US10Y