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Forensicforex

DXY Weekly Range Thursday IdeasHello Traders! Here we can see the DXY made the high of the week on Monday. We are now crossing over Sundays opening price after rallying up into a discount or overbought range for the weekly range. Price is falling fast. What are the odds of price rallying back up and taking out the pervious daily high? I will favor sell side liquidity targeted going into Thursday. Thursday can also make the low of the week with Friday moving counter to the weekly range expansion to the downside. The weekly candle has opened, rallied up and now has fell below it's open! Sellers are in strong. I do not want to see price come back to the sundays opening price. If it does I want to see a dynamic reaction away from it back to the discount range. Going into thursday I would seek selling above M.O.P and above 2:00 Am European open.
TVC:DXYShort
by ForensicForex
1
DXY Weekly Range in a PremiumHello Traders! We can see that the dollar index was in a consolidation last week. This week we can see dollar run into a premium above Sunday's Opening Price. Currently Monday holds the high of the week. Today Tuesdays daily range broke the daily low formed on monday and not its high. Are we seeking a selling opportunity Wednesday? Preferably. Failed to break pervious daily high but we were successful in breaking the pervious daily low, Still have that 4h breaker that I am eyeing. We do not have to trade back to it but I looking at it as a opportunity commercials would sell again.
TVC:DXYShort
by ForensicForex
2
Relative Strength DXY vs Futures FXHello Traders! Here we are looking at the Dollar Index compared to the FX Futures (Continuous Chart). All the signs: 6B1! = British Pound Dollar 6N1! = New Zealand Dollar 6C1! = Canadian Dollar 6J1! = Japanese Yen Dollar 6S1! = Swiss Franc Dollar 6A1! = Australian Dollar 6E1! European Dollar I have everything on the same % scale. I am simply looking at who is the weakest out all the pairs to make a dynamic move with the dollar in consolidation last week and now in a this week breakout. From the 1H it looks like Australian Dollar was the weakest. As DXY went sideways it declined the most out the others. From the 1H it looks like British PounD dollar was the strongest. As DXY went sideways it increased the most out of the others. From the 1H it looks like Swiss Franc Dollar moved sideways as the DXY went sideways. Now I'm speculating AUD weak and GBP Strong. Which means I should look at the currency pair GBP/AUD. I should look for signs of GBP/AUD going long. Check to see if a HTF discount PD array has been respected and gave a nice dynamic rally away from it. Check to see where it stands in its IPDA ranges for the month of November so far. When the DXY goes sideway is will be a change for the commercials to manipulate the crosses like EUR/GBP, EUR/YEN, EUR/NZD, EUR/AUD etc...
CME:6E1!
by ForensicForex
DXY Momentum Shift.Hello Traders! Here we can see DXY is clearly not breaking swing highs. It not looking to seek buy side liquidity above swings highs. Instead we can see price seek sell side liquidity below swing lows. We also can see here on the daily a swing low is broken and price follows with a lower swing high forming (High probability scalp model in play). I would like to see price seek equilibrium of its monthly range it is trading in currently. Swing highs are broken are going to be seen as turtle soup situations.
TVC:DXYShort
by ForensicForex
AUD/USD November IPDA Data Range Hello Traders! Here I see that AU is looking to take out buy side liquidity. I would like to see the 20 day high broken than a potential fade by the commercials. Get retail to switch to a bullish stance then they increase their shorts and take profit from their longs. We have a interest rate differential. America has the higher rate so they the yields are higher for DXY. The central bank traders invest more in higher yield assets. However I could be wrong but that's okay because it all speculation.
Short
by ForensicForex
1