$DXY for more stronger moveUS stock market fell on Friday 24th Jan. Gold hardly to claim up. Those behavior may fuel the $USD currency ( $DXY) to go higher. my 1st target is 98.40/50 area, and possibly it may go higher after the test. The down slope (dashed blue) is only reflection line from previous down move action. It mean nothing for me right now. i just want to see the sellers will do more short covering when price move away from the upper down slope, or I might see the new money selling and bring the chart back into bearish move.
Right now, I am bullish in #USD #DXY
Marketprofile
Analise Dolar futuro para 24/01/2020Retração do mercado de hoje abriu na VPOC de ontem, testou um ponto de resistência e desceu, formando uma em formato "P" no market profile, rejeitando assim a região de valor de ontem.
O mercado hoje definiu como área de valor entre 4.164 e 4.175, sendo 4.171 a VPOC.
Sendo assim, se o mercado abrir fora da área de valor de hoje, há chances de termos um Open Drive, ou seja, um grande fluxo na abertura, na direção da área de valor.
Temos também uma linha de tendência de timeframes mais altos, dando suporte ao mercado, sendo que hoje testamos tal suporte.
Temos então 3 cenários.
1) O mercado aceita este suporte e move para uma região de valor mais alto
2) O mercado aceita o suporte mas também a resistência que encontramos dias atrás e fica mais lateralizado
3) O mercado continua na tendência de baixa dos últimos dias, fura o suporte e move para uma área de valor mais baixa.
Lembrando que amanhã também temos algumas noticias de mercado importantes que podem impactar no nosso dolar aqui, então fique de olho.
EUR/USD: Strong Sellers at 1.1111 - Volume Profile analysisThere was a strong downtrend on EUR/USD on Friday. I used Volume Profile to identify the most significant volumes within this downtrend. From that, I was able to find strong resistance at 1.1111. Check out the video to see how exactly I did this!
USDCAD ideasHere is how i thiking about USDCAD right now.
There is nice consolidation with continue move down..
In the middle of this consolidation in price 1.32320 i placed my short 1 level.
However it looks like that around price 1.31644 is another one good short levels.
But first i need another confirmation and i want see the price to go more down.
Happy trading
Dale
XAUSUD is about to make important decision Gold is having problem to move above 1480 , price stacked at this level for very long time. Meaning 1480 become value acceptance for buyerS and sellers. Here is a tug of war for Buyers and Sellers.
Let see what happen last week;
Gold had aggressive buyer from 1457-60 area, then .... rejected above 1480, and fast liquidation back to 1460 area again. But the next day, buyer keep buying it at that level with heavy volume... and where is it now ? Stacked at 1480 area, again. What is going on there ? Well, sellers and buyers come In the same place. Ideally this will break above 1480 and make a change. But.. Any failure will cause Fast liquidation and may meet 1450 low.
So .. I wait for longer term move. But if I trade for day trade, I will try small buying at 1474-75 area. But we still can’t see for further move decision.
Another Volume accumulationAnother Strong volume cluster after sell off....
In monday i predicted reaction for short in previous post... But i did not except this BRUTAL sell off..
For that reason i want trade only in short side...
For now i wainting for pull back to this volume cluster..
Happy trading
Dale
BTC Weekly Time Frame Grand View SnapshotAfter taking a full analysis of like directions and considering all the different trigger points with regard to the Simple Moving Averages and the overall market sentiment; This chart clearly displays solid data that is conditional to whichever direction the market decides to take. At current, it appears that if BTC is in a strong down trend headed toward the 6k region and possibly below.
Cyrpto market cap downtrend resumed, clearly bear dominatesThe market cap of the whole crypto-asset topped out at the end of June 2019, reaching 370 billion dollars. However, in the coming month, market cap contracts significantly, steadily declining to 215 billion dollars for the moment.
More interesting is that even the sharp rise at the end of October, when Bitcoin breaks out above benchmark 10,000 $, doesn't change the downtrend in market cap since the market cap doesn't make a high transcending the high of September.
100, 200 Moving average, which depicts the overall market trend, is in a clear downtrend. Look like 200 billion dollar market cap is an important threshold. We are still in a bear market, before any major steep drop, assuming the current trend will continue is the most tenable action for traders who are still active in the market.
NFLX hasn't make any decision on directionI have been trying to keep on bullish bias, but seems bearish keep coming back, and I don't think big money come yet.eithier for buying or selling. No clear direction at the moment. just a trading money since Monday. 7th was the excess high. then since 8th buyer keep trying at the lows. I am start thinking 285 will be reach this week. NFLX runs every opening with and very thin. very fragile. let see what happen on this Wednesday. if offers can't be lifted higher, I like to see 285 - 280 price this week.
CADJPY Volume cluster Here is my opinion on CAD/JPY from my weekly prediction on my youtube channel.
After nice move down are created strong volume cluster where is accumulatited many orders.
I hope so that strong sellers will be react on this volume cluster and push the market in my direction.
Happy trading
Dale
NFLX’s Wednesday tail285-286 still hold. $NFLX need to trade 280s and break 290 today, otherwise will be more liquidation below 285. I still think for going higher now. Yesterday, buyers exited twice below 290. But reversal move from 286 low was solid. Overnight, buyer liquidating their positions until the low of yesterday. I need to see more confident move on upside, before join the market.
$NFLX may not ready for big up move yetI bought $NFLX put at 290.50 after rejection 291 and out about 287 area, when tested morning low. price now is balancing at below 288 area. if trade below 287, may be go lower to 283-280 area. I have low confident to trade above 288 now. I can be wrong. I may just wait to see if NFLX want to make better clear direction. if today 287 hold as support, I just expect for closing middle for today. price too slow at 288-287 area for now.
I expected price to meet 300 yesterday, but since today it turn lower then yesterday value area, I must wait for more aggressiveness to the upside.
$GOLD loosing momentum at below 1510$GOLD was expected to trade higher and break the upper balance 1520. yesterday , US session, GOLD didn't go back to above 1510. Gold may still maintain the range between 1515 - 1480. i will change my bias to up side when GOLD trade back above 1510. Below 1505 will trigger more liquidation.
NFLX is expected to meet $300$NFLX made nice re-accumulation on last Thursday and Friday. 285-286 is my support zone. Trade above this level will squeeze all sellers and help the price back to $300 level. Today NFLX may gap higher, and I plan to play long side on the pull back.
Unless NFLX trade lower then 285 level, I will stay aside or trade in smaller size to join the bears.
Will $GBPUSD make balance at this area?Since BREXIT being delayed again, and I expect DYX bounce at 97 levels, I like to see $GBPUSD , minimum, to make balance below 1.3 area before any further decision for the direction. I also expecting any taking profit action here. So, this week I don’t have plan to trade above 1.3 yet.
Let see USDJPY - head or tail?As I mentioned on DYX , USDJPY also at an important key level now. If 108 hold, then I expect to see 110 - 111 area as 109 become a poor high. But trade below 108 we may see 105 area. Couple things in my mind, DXY may back to 99 area before make any decision. And JPY is the weakest pair among others. So I will try to build position on Bulls side at USDJPY. I will change my bias to Bears side when I see more liquidation and more new seller below 108 price level.
Beside that, accumulation at daily chart will looks good if the we see aggressive buyers on USDJPY at 108 level.