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Hey Traders,
US Yield rose higher in the previous trading week, pushing the United States Dollar stronger in value. However, the stock market remains resilient. The US and Canadian job report is scheduled to be released on Friday.
Upcoming Economic Release
S&P500 Futures
Upside momentum for the S&P500 stalled as price struggles to climb towards the upside. However this can be seen as a consolidation of price where price is fueling for more volatility, but will it be towards the upside or downside? We believe if price falls below 5725 support region, we can potentially see more downside movement.
Dollar Index (DXY)
The United States Dollar Index continues to ascend towards the upside and reached overextended level again.
Spot Gold
Gold climbs back towards the consolidation and reached the mid point of the sideway region which acted as a resistance where price look to fall towards the low of the consolidation. As per our previous analysis, a reversal at the low of the consolidation can indicate a potential long entry.
Trade Recap (Public Channel)
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Trade Recap (Private Channel)
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Trade Analysis / Setups
Dollar Index (Analysis 2-1)
Analysis: Price re-extends towards the upside where price is overextended again. Adding on to short position targeting the support level as Take Profit level.
Short opportunity: Short at market reopening as high risk trade towards 105.535 as Take Profit - 1 level.
2025 Market Order Signal Accuracy Wins: 0 Loss: 0 |
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Stay safe out there and safe trading!
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