Oct 16th, 2023- Oct 20th, 2023: USD
Last week failed at the low, then took short term buyside. I am willing to short from above one of the daily short-term highs, but I am finding longs more attractive for now.
I'd like to see a play on internal range liquidity where the two BISI(D) are stacked with the BPR(M) low before getting long this week.
Going to be looking for 1-2 opportunities/day Mon-Fri. If my model is clear, i will execute.
I want to see where SQ2/SQ3 engage with a 15m imbalance and reacts with a 2m block(RB/OB/BB).
Trade ideas
Dow Jones 4hr TF
The Dow Jones has recently breached a bearish flag pattern, leading me to anticipate a shift towards a bearish trend following nine consecutive weeks of bullish performance. There are several factors aligning to suggest that the Dow Jones may embark on a downward trajectory. Meanwhile, the outlook for gold appears favorable for long positions, signaling a potential shift towards a bullish trend.
USDOLLAR - Double Top Within Up ChannelPrice is reaching the top of an up channel
I expect this to act as a rejection point for price as my current analysis. I have made other analyses in the past that differ from this but this is my latest thoughts.
Staying within the channel is the most likely scenario.
DOLLAR (DXY) ____ ANOTHER BULLISH RALLY Hello Guys,
This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts...
If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue.
It would be nice to see price retrace into the order block and see if price will change from bearish to bullish before continuing the rally. However, due to the manipulation that happened yesterday, there is a chance that price would not retrace to the order block before continuing to rally.
Since the dollar is bullish, it simply means that pairs such as AUDUSD, GBPUSD, and NZDUSD would print a bearish candle by the end of Friday while USDCAD & USDCHF would print bullish candles.
Follow for more updates like this.
Cheers,
Jabari
DXY Weekly ChartAfter the exaggerated drop in the DXY last week following a marginal miss on US CPI, the USD has regained some of its poise. The DXY has returned to 101, a level which provided solid support through most of H1 23. A rebound in US yields has likely played its part in the bounce-back, as equity markets remain elevated suggesting little or no ‘safe haven’ element to the USD recovery. Price has bounced off the 200 EMA(Green) data dependent this week it could be the pullback needed to enter EUR/USD longs from the 1.11 level.
DXY Daily Chart
We will be monitoring how price reacts at the 20 EMA(Blue) to see if we form a lower high.
USDOLLAR ShortWe will be looking for pullbacks now as the USD is looking oversold on both the Stochastic and RSI. We continue to believe that the USD is in the early stages of a structural decline, and that its move lower may not be linear. The most recent break in the USD’s recent trading range, to
the downside, gives us increased confidence in this view.
Dow Jones 4hr TF I anticipate an impending retracement for the Dow Jones index, as it has recently reached its target of 12,756. We should begin witnessing a decline from this point onwards.
The Dow Jones index has recently established a new lower low, and I am awaiting a price break below 12,745, which would further confirm the bearish sentiment.
US DOLLAR INDEX ____ INCOMING BULLISH RALLYHello Guys,
As I have stated most times that at some point, the dollar will rally and reach higher prices.
I suspect we have gotten to that period. I will insert my previous analysis for this.
With this view of the dollar rally, I would be looking out for USD pairs that have a good structure in alignment with the dollar rally.
Pairs like: USDCHF, USDSGD & XAGUSD have very interesting price structures. I advise you to monitor them.
Follow me for more updates.
US DOLLAR INDEX (Previous analysis)
Cheers,
Jabari
DXY, H4 | Bearish breakout?We're looking at DXY today and we can see that price is forming a sort of elliott wave structure - with wave 4 potentially recently finishing.
A break of 12856 which is a major overlap support could trigger the bearish acceleration down towards the 12801 level.
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DXY, H4 | Reversal off pullback resistanceWe're seeing price approach a major resistance level at 12858 which is an overlap resistance + 23.6% Fibonacci retracement and a 38.2% Fibonacci retracement. It'a also nice to see a descending resistance line and a bearish ichimoku cloud contribute to the bearish momentum of the setup.
A reversal from here could see prices drop towards the 12804 level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
US DOLLAR INDEX ____ SHORT-TERM BEARISH LONG-TERM BULLISHHello Traders,
As expected last week, the dollar was bearish (see my previous DXY analysis below) but what you may notice is that Friday's candle close was bullish. I expect this week to rally the go bearish to takeout the lows of Friday's candle, after which, the long-term bullish move will commence.
I will post my analysis on dollar-related pairs and how I will trade them according to my view of the dollar index.
Follow me for more updates.
Here's my previous DXY analysis which played out as speculated.
Cheers,
David
US DOLLAR ____ INCOMING BULLISH MOVEHello Guys,
Last week's price moved as speculated (see analysis below). I was expecting the bearish continuation. This week I expect Price to start making preparations for the massive rally.
I have a strong bullish view on the dollar and I expect that after a few manipulations in either the weekly or monthly order block, the price will take off.
Follow for more updates.
See last week's speculation on the Dollar Index.
Cheers,
Jabari
US DOLLAR INDEX ____ WHY YOU SHOULD PAY ATTENTIONHey Traders,
Long time no see. If you follow me already, you will notice that I draw my bias to trade USD pairs from the dollar index.
My bias as you can see for this week is bearish. However, I expect a longer-term bullish move for the dollar.
As the price has entered a weekly order block, I expect it to help force the retracement from the bullish rally.
Based on this view, I will be posting a few pairs on my radar to trade accordingly.
Follow for more.
Cheers,
David
Dow Jones "US Dollar" 4hr TF My expectation is that the Dow Jones will break through the rejection point and decline trend line from October 2021. Once it does, there should be some bearish momentum, which will lead to a pullback to the rejection point and decline trend line, resulting in a move lower. At this point, gold should become very attractive, and it will be an opportune time to look for buying opportunities.
US DOLLAR INDEX ____ BULLISH CONTINUATIONHello Traders,
We saw last week how the dollar index rallied heading toward a monthly supply zone (red box). However, we have a weekly supply zone (yellow box) just below the monthly supply zone.
I expect the dollar to run into the weekly zone but before that, it should take more orders from the daily demand zone (grey box) before the bullish expansion.
Let me know your view on the dollar in the comments.
I will be publishing more analyses so follow me not to miss out, especially if you are struggling to read price action.
Have a profitable week.
Cheers,
David






















