All language subtitles for 030117_r

Definitely folks.

Welcome back click recap video.

As we indicated this morning in our
live session, the equal highs in

the dollar index have been ran out,
but we are back below those highs.

Uh, we don't want to see this because
this will cause more consolidation

and sideways price action.

So they may have just came up here.

Some close liquidity.

We're looking for continuation on
the upside for the dollar index.

That'll keep things in motion across
the board on all the foreign currencies.

But as it is right now, it's
not indicating that yet.

It just looks like it's looking like
it wants to clear the buy stops out.

So again, we're looking for a
much more stronger close and then

continuation through tomorrow.

If we trade back down below this.

Down closed candle even went to WIC.

We trade back down below that
that's the middle of the range

between this low and this high.

So until we get continuation on the
upside, we will be cautiously bullish,

but, uh, if we fail to go higher again,
we'll be neutral on dollar and we

would have to go below these candles
bodies in here to go back into it.

Bear stance on dollar.

Euro pound, it's
continuing to press higher.

We still are looking for this move
above the bodies of the candles in here.

So that's still only upside,
um, potentially there.

And that also bodes well for
potential sideways consolidation

with dollar index as well.

Euro dollar, we saw.

Intraday move we called for this morning,
told you to watch the 1 0 5 20 level.

We'd probably get some buying
opportunities in there,

something to, uh, see a bounce.

And I mentioned that we have a fair value.

Gavin here, your price would
want to reach up into that.

I did.

In fact, go above that
little short-term high here.

I did not note that it did take out
that little short term high sale.

It is note worthy dimension here and
look at the reaction after doing so.

So it's not a terrible amount of
pips, but not unless it's really

nice to see how price draw off of.

The one in 5, 25 weeks noted before
the fact, and then went up and closed.

The level up, took a short-term
high out in MRC and some rejection.

So, uh, this may also, um, need
to break below this low, to

continue on the downside and it
needs to go above this high here.

It's created these equal highs to
get in sync with moving higher,

and we would be looking for a move
about this high and the body on this

candle as well for rejection blocks.

I don't see it going
above that personally.

Uh, I think we will probably see it again.

At, uh, this low here, 1 0 5 64,
1 1 to five, 60 to one to 5 65.

If we try to try and trade
higher, one more time.

If we get above that, then that
would be interesting because

we've had 1, 2, 3, 4 times.

Think about the cable as we're
getting ready to talk about in a

minute, it's taken out all of the buy
stops and now we're seeing weakness.

So this may be one more attempt to
clear out any short-term trailed

stops right above the short-term high.

And it may be indicating
that world will go lower.

So that's a couple of things the
way out between dollar and year.

So far, pound dollar, we've
seen price trade down below the

bodies of these candles in here.

Next downside.

Objective is the rejection block
below these candles bodies over.

And it comes in at 1 22 65.

So that's our downside.

Objective next, a nice movement, lower,
not focused on the buy-side at all.

We're looking for the side liquidity only
in arresting rate below these candles.

And it comes in the form again
at 1 22 65 Aussie dollar.

Uh, this.

Is just resisting any
willingness to want to go lower?

Uh, if it does go lower, I
don't think it's going to be

a long drawn out downtrend.

It just simply is bucking all of
the underlying strength in the.

So if the dollar is strong,
this should be coming lower.

It's not, it's staying rather resilient.

I think they're gonna drive it
one more time above this old high.

So just be careful.

And then, uh, one of our members
are, was trying to short it

and has a short position.

I kind of commented in, in
subtlety, like, Hey, do you really

think it's gonna get down there?

I don't like to be in.

Of anyone's trades or kind of like
influenced their ideas or thought

processes, but this is a strong pair.

And to be shorting this pair, when it's
showing underlying strength against the

dollar, still just, you gotta be careful.

You just don't want to do that.

You S CAD, uh, we're looking
for 33 75 to 33 70 in that range

up in here into mitigation.

So that's our next level.

And we get through that.

We're going to be looking
for the fair value gap around

35, big figure 35, 20 35 15.

Those are the levels
in this range in here.

A dollar again, uh,
this has rejected below.

And has gone above the short-term high.

Now this could be a similar situation
with like the dollar index, say the dollar

index broke out of that, uh, double high
and maybe it retraces and goes lower.

That could be the same
catalyst we see here.

Trailed trailed by stops may be taken out
now equal lows, knowing they roll over.

I don't know for certain, but if we
continue to trade higher, where we looking

for 1 14 30, and then I run above the
equal highs back here, dollar switch.

Uh, this pair looks like it
wants to go up a little bit more.

Uh, I don't, I don't see this
as any kind of weakness in here.

I think we're probably trying
to make an attempt to go higher.

We saw a nice reaction off of the
order blocking here, and I think that

there may be a precursor to upside.

So we might see 1 0 1 60, maybe 1
0 180 on the upside beyond that.

I don't know what we'll see, but if it
continues on, we have equal Heights.

Much like the longer-term
dollar index, uh, has a high

that we can reach for as well.

So that may be a catalyst for long-term
or Aimee and term, uh, considerations

for dollar swissy gold has come down to.

Paul shorter block on the daily chart
had some reaction off of it here.

One a little bit lower than I
would've liked to seen, but we had a

little bit of bounce off of it too.

So I didn't want to see it
really trade below 1245.

And if we get a close above that they
may bode well for some consolidation,

I just don't want to see a trade
down below that 1 45 and close there.

It's nice to see the support
here, but again, it's just

simply not going to be permitted.

In terms of my analysis to
be a strong bull market.

If it goes back below and closes or
makes a run below that 1237 level and

finally silver, just once that 1850
level in my mind, I think everyone

probably drive it up there and hit that.

Now, if we continue to roll
through that, we're looking for.

82 19, and then maybe
going into the twenties.

If we see some surge, especially
if we see the dollar sell off, or

if it goes into consolidation and
just fails and the higher highs that

will give the green light for silver
and gold to resume their options.

But I think silver, like I've been saying
for months, I think this is the sleeper.

I think this is the big
mover that's coming.

And if we get an upside break with
dollar weakness, I think we will see the.

And silver this year and that's it.

Folks I will be with you
all live again tomorrow.

8:00 AM, New York time, and we will be
back at it again for a New York session, a

little bit more involved tomorrow morning.

And I appreciate your patience while
we work through our payments and until

then, how much good luck and good.