stimichele

stimichele Updated 

Price touched down at the yearly low and immediately bounced. However, there is still a gap on the yearly chart from last year and the 2020 yearly candle that can be filled in. On the weekly chart there is a IOFED candle and liquidity gap from a bearish candle that needs to be filled in. price will go up fill it in then reverse and head down again to fill in the...

stimichele Updated 

Hello Traders, As of right now, this is my outlook and potential targets on the Dollar Index. The equity market beginning to weaken during August/September and dollar gaining strength is cyclical to the transition from q3 to q4. Which beginning in October, DXY typically will lose strength, while the equity market regains strength from September weakness. I expect...

stimichele Updated 

Hello Traders, After London created the low of the day, it met with the weekly order block/target price and is now reversing to start moving up again after taking out the sell side liquidity. I will be looking to long from either the target posted , or a break of that low into the lower 4 hour OB from my previous post (if that happens I expect a very strong...

stimichele Updated 

Hello Traders, As mentioned in my analysis for the DXY, based on technical and fundamental analysis, I believe dollar will gain some strength this week as a correction for its recent sell off due to the NFP report. Because of this, equities should see some weakness as a correction then follow up with growth. US30 has been in a consolidation all week with the...

stimichele Updated 

Hello traders, This is my outlook for FX:USDCAD , With dollar strength rising this week, so will usdcad. We will have a somewhat quite week this week with USD and CAD both having a bank holiday tomorrow, as well as a few economic data reports this week, with more important events on the cad side. On Wednesday, for Cad, we have BOC rate statement, PMI, and job...

stimichele Updated 

TVC:DXY Hello Traders, This is my weekly outlook for DXY, this week should be a relatively relaxed week as their is no high impact news except for Friday and a US holiday on Monday, because of this I believe USD will pull back from last weeks sell off to a HTF key point-on the daily TF-to rebalance price. A few long positions have been added by commercials,...

stimichele Updated 

Hello Traders, This week I expect a minor pullback from last weeks expansion. Relaxed week as there are not too many GBP/USD economic data reports, and there is a USD holiday on Monday. However, the economic reports USD have positive forecast for its reports and that would help GU move lower to my target. However on September 8th, BOE is have a monetary...

stimichele Updated 

Hello Traders, This week I expect a minor pullback from last weeks expansion to one of the three targets posted as we've hit an intermediate high/OB and need to grab sell side liquidity to continue distributing buy side orders-to reach the monthly high target. This will be a more relaxed week in the month as there are not too many EUR/USD economic data reports,...

stimichele Updated 

News Affecting US today 07/14/2021: - Core PMI -Crude Oil Inventory -Powell Testimony With PMI out today-it usually doesn't cause too much chaos in the market like CPI or NFP, however, since the CPI numbers are posing as economic risk and the probability of rate hikes are starting to increase, there will be a lot of volatility in the market within these next...