The DXY Fed rate announcement came in today with unchanged rates for the Dollar Index. Prior to the news, price went to our initial target of 96.644. We were expecting them to take out the 96.943 level as well. However, price has failed to take out that high, but we suspect it might come back and clear that soon. For the long-term, our bias has not changed. We are still bullish, and expecting 97.80. We still have until Friday to see how this week is going to close. Therefore, we will be looking for reasons for price to climb higher as we move into Thursday and Friday.

Big Picture Unchanged Post Fed Rates + Spotting Imbalance

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The DXY Fed rate announcement came in today with unchanged rates for the Dollar Index. Prior to the news, price went to our initial target of 96.644. We were expecting them to take out the 96.943 level as well. However, price has failed to take…
Momentum on Positive PPI Data + USOIL Targets Reached

Momentum on Positive PPI Data + USOIL Targets Reached

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Positive PPI data came in this morning for the Dollar Index, nudging it into the position we are looking for. Tomorrow’s USD fundamentals will be a key driver to the strategies that we have been discussing for the past few weeks in the live…
COT Analysis + DXY Stuck in Range

COT Analysis + DXY Stuck in Range

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In todays live session, we did a breakdown of the latest COT report. We also referred to our Past Live session from October 12th , where we went over how to read the Commitment of Traders report. In addition, we are currently keeping an eye…
Parched US CPI Data + GBPUSD Nearing TP 3

Parched US CPI Data + GBPUSD Nearing TP 3

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We have taken partial profits on GBPUSD this week, and still have one more Take Profit #3 to hit for Smart Money’s trade idea. Today's CPI data gave a mixed sentiment for DXY. Our HTF direction still remains. We are in a consolidation. Consolidation…
A Wave of BTC Bears Expected + GBPCAD Profits Locked In

A Wave of BTC Bears Expected + GBPCAD Profits Locked In

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US Unemployment claims came in under forecast, affirming another piece of the equation for Dollar bulls. Smart Money is anticipating a very bearish outlook for crypto - it could be a cash position moment, or best to stay out of buys until things…
Higher Timeframe Checkups + MATIC & GBPUSD Trades In Profit

Higher Timeframe Checkups + MATIC & GBPUSD Trades In Profit

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The top Crypto executives testified to the US House Financial Services Committee, and warned that imposing strict regulations too fast in the United States could deter innovation, which would move outside the US, leaving us behind. They suggested…
DXY Target Like a Magnet + BTC Short Term Longs

DXY Target Like a Magnet + BTC Short Term Longs

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We were given the go ahead by price action on our DXY targets today. This puts us in a very nice position to treat the target like a magnet also as US Economic Optimism bounced back up since the initial Covid era lows. The Dollar Index pushed…
DXY Remains in Control + Crypto Targets Hit

DXY Remains in Control + Crypto Targets Hit

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The Dollar is holding it reign, as over $2.5 billion in crypto liquidated ahead of executive testimony from eight major crypto currency firms on December 8th. This was a first of its kind before the US House Financial Services Committee. We…
Gold & Crypto to Drop + DXY Remains Bullish

Gold & Crypto to Drop + DXY Remains Bullish

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Surprise NFP data reporting was less than expected for US Employment Change, most notably was that the jobless rate data came in less than forecast at 4.2 to help balance things out. Despite this, we are sticking with our price narrative that…
All Eyes on DXY ahead of NFP + Majors, GOLD & OIL targets hit

All Eyes on DXY ahead of NFP + Majors, GOLD & OIL targets hit.

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All eyes are on DXY. Unemployment claims come in below expected, and a robust recovery is on track. We remain reserved on a higher DXY ahead of tomorrows NFP report. For this reason, much of our analysis for DXY, EURUSD, GBPUSD, AUDUSD, and…