DXY is poised to go lower to a discount price and potentially reach the Previous Weekly high after a market structure shift next week. However, as of Friday, all momentum is bearish potentially till London or NY for a reversal. The expectation is that Sunday's Open should potentially push the price lower to a discounted price and potentially draw higher unless the market structure shifts. Asia Open should be bearish and provide another shorting opportunity. Since it's Friday, I expect smart money to squeeze any traders long and take them out.
As a result, most foreign currencies should be poised to go higher in Sunday's Opening. GBPUSD, EURUSD, US500, NAS100, and US30 are already positioned to go higher, the expectation to seek liquidity higher as DXY drags lower. USDJPY has already shown its hand and is expected to squeeze lower after purging Buyside Liquidity.
Smart money seems to be positioned to squeeze higher on currency futures i.e BXY and EXY.
Currency Futures should be poised higher
Most annotations are made in the chart, play accordingly
As a result, most foreign currencies should be poised to go higher in Sunday's Opening. GBPUSD, EURUSD, US500, NAS100, and US30 are already positioned to go higher, the expectation to seek liquidity higher as DXY drags lower. USDJPY has already shown its hand and is expected to squeeze lower after purging Buyside Liquidity.
Smart money seems to be positioned to squeeze higher on currency futures i.e BXY and EXY.
Currency Futures should be poised higher
Most annotations are made in the chart, play accordingly
Comment:
Potential long opportunity at 97.900 after sweeping the swing.