Quite possible, the DXY had an incredible run and 103.00+- was historically always a pivot or resistance/support area. With today we had in a very short timeframe 7 green full body candles. A retracement is due.

Well, it looks as the DXY is rolling over to the trendline it broke yesterday. If this does not hold, we could get a fake breakout. image UPDATE: No, not yet...

It's ok, I just wanted to mention the FPA site for all here who do not know them. Anyhow, it looks the DXY is enjoying torturing us but as long he stays below the green line it looks good... UPDATE: Going to the 15min... it looks it will turn soon. ...

I find that the ForexFactory Brokers list is a bit from the past. That shall not mean they are bad... but there are many more really good Forex Brokers out. I find FPA (Forex Peace Army) an incredible source. They are truly independent, and you can ...

Not necessarily... it needs a big whale who has to buy the Pound BTW, the DXY has his test almost done and is rolling over. Good for us... I hope he keeps going... image

It almost looks like if the London guys want to offload more (shorts) / load up more (longs) for now and then turning up at the US opening using the Americans to drive the train.

Yes, if you have the job of going USD short... turning around from a 400 pips move is not done by flipping a switch. That's a process. 5 straight days DXY up (full body candles)... that is a lot of liquidity. But if you get it done... there will be ...

And more.... please take note that if the DXY stays where it is right now, it will print in the daily an outside Boellinger Band bar - something that happens very rare (only one time in the last 14 month!). It almost always comes along with a ...

Well Bee, for me it feels like offloading. Some smart deep pockets getting out of USD incrementally... so the move could come tomorrow. Or after London close.

Thanks Ata, I am getting slowly back here to the FF crowd after a long hide out. As already said, I noticed that your thread got a bit more focused, but nice to see that some old swashbucklers are still on board. Anyhow, I see from your chart above ...

Anyhow, hi Folks, Getting slowly back here to the FF crowd after a long hide out. Nice to see that the old swashbucklers are still on board. As I see most of the pairs had a nice rollover last week. For the next week I looked into my crystal ...

Possibility is high. Look at the DXY, he is in the daily high above the upper Boellinger Band. Actually, the last time when that happened (it was end February 23) the DXY pulled back sharply into the band. The DXY has done this all the time in the ...

Having earned my weekly sold too (as you can see). If we are lucky it will run to 1.0850 -> which will be 90 pips, something EUR routinely does. image

The FED will not cut rates first! Until they must of course. There are a few things at play that is not trumpeted in the media - so almost everyone is not aware about. 1) The FED is at (soft) war with the whales in London (aka the EuroDollar ...

Yes, it will be corrective. The macro signs are there. As in the post before mentioned - EU recession -> limited hikes but only bla bla bla. US possibly a "rotation recession" due to AI and "return home from China" -> Powell has to hike more. When ...

Yeah, to see that trend-line normal MT4/5 platforms are not fit for. You have to go to tradingview or stockcharts. Luckily Justin Bennett has done that for us. Interestingly this trend line has worked a number of times nicely The current drive up ...

Hmm... anything above 1.1100 will be a very hard nut to crack. That shall not mean it's impossible... but at 1.1100+- comes a 38 year trend line that has been cracked last year and is in the process of getting re-tested from below. (first attempt ...

Here you got it image

Well... that was jawboning from two FED voting committee members. Three others said that they are pro-hike or leaning pro-hike. And then there is "There-will-be-Pain" Powell!!! The job and payroll data will decide what options are left for them.

Tze tze... as typical, London cannot be happy without making a HH in their session . At least they have to try it.