US10Y Fake Breakout Pt. 2 (March 3, 2017)Yellen continues to beat around the bush regarding a rate hike this month. Yields have been rallying leading up to Yellen's speech but the Fed continues to disappoint by not providing a concrete decision on whether they are raising or not. If we treat this as a fake break of the trend line but more so as a box and range then we could see 2.300 again before the actual rate decision on March 15th.
Usdx
DXY Short (March 1, 2017)Today we ran a clean level of stops around 101.70 with a nice reaction and 4H pinbar. There has been some divergence in the recent up move though we could see more bullishness to 102-102.50 levels before turning. There is a liquidity void where orders were not filled around 99.00 which I believe we will need to fill before further upside.
US DOLLAR around 101 @ DXY @ do you belive in it ???Do you believe that the DXY is the cleanest dirty shirt of all majors ???
Do you believe, that the one year side way trend is over ?
Do you believe, that the two year side way trend is over ?
Do you believe, that the FED will not talk the USD down ?
Do you believe, that Inflation will stay around above 2% in 2017 ?
Do you believe, that US GDP will grow above 2% at least in 2017 ?
Do you believe, that US Wages will rise around above 2% in 2017 ?
Do you believe, that an higher DXY has enough space yet into 2017 ?
Do you believe, that higher FED rates aren`t anticipated discounted ?
Do you believe, that the best for the US Economy is still ahead - and not priced in ?
Do you believe, that an higher DXY will support all US Consumer & US tax Payers basicly ?
Do you believe, that und President Trump US Inflation, US Wages, US GDP will still grow > 2% yoy ?
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
USD is going strong and break upwardsIn the boring late August and early September, USD was struggling inside the triangle pattern without a clear trend, but it has had an upside breakout today. In next week following FOMC statement and in the near future, USD is highly possible to keep going up and bring more good trading opportunities.
Week Reveiw - EURUSD - Leaning Short - Still in RangeEURUSD - Continues to consolidate with triangle after triangle bring us closer to some decision. I lean towards the sell side from the 1.1220/60 area. On the down side the 200DMA around 1.1080 should be point 1, with 1./10 even below. The 100DMA on the topside at 1.1225 fits into the cloud and downtrend line very nicely.
On external cycle work, have a SELL turn date of August 16 this coincides with our count as a possible buy date in the DXY/#USDX ... this cycle takes us for a month and we then look to BUY on September 16. Predicting the future is not possible of course but cycles are helpful with our work.
EUR/USD Prediction - Market Makers Buyers ProfileWe see a setup of MM Buyers Profile, however, based on how USDX is currently position we think that this Buyers Profile will fail on the 2nd leg up because USDX will have finished its correction and then continue its bullish move into liquidity zone.
Short term bullish on EUR/USD but overall bearish.