All language subtitles for 032417_w EN (M)

Welcome back folks doing a weekly
recap before market opens up.

We're looking at the dollar
index is a daily chart.

And Friday we saw price come up
and hit the bottom of the wick.

We talked about possibly as a scenario
when we traded it back down and

close in the middle of the range.

It'll be interesting to
see if we can trade lower.

Uh, the below these bodies of these
candles here, if we do, we'll be looking

for move trading back down into this
area of institutional or fluid 98 90.

If we get to that level, I'd suggest
there's probably going to be some

measurable, bounce or support, because it
would be a suite below this 99, 22 level

and back to an area of old market store.

It doesn't mean that would
be the low on the dollar.

Just means that we could see a
favorable bounce on, on a dollar,

which would be a weakness across
the foreign currency pairs.

We'll be looking for a move up into this
fair value gap as a weekly objective,

should price turn bullishly I think that's
going to be the draw on price rating.

Anything apart from that.

And there's nothing else that I see
that would draw us higher up if it gets

extremely bullish, which I don't see yet.

And we would be making a run
for the equal highs up here.

But for right now, anything Euro
pound, still looking for the whole

shoulder block here, Euro pound.

So looking for this down
candle here, that's a downside.

Probably should see some
measure of a bounce or

consolidation at the 85 90 level.

Apart from that, we'll
probably stay sideways

Euro dollar.

If we can Mount another rally and
we'll be looking for 1 0 8 50.

Um, on a downside, we see Southside
liquidity resting at one or seven 20

to one or seven 10 on an hourly chart.

We have a little bit of a void in here.

Like I close in this week.

If we see weakness, it
certainly looks like it.

Try to get up on Friday, fail at
a up-close candle and it failed.

Raise the base of.

Two three consecutive
up close candles here.

So we'll have this in mind going
into Sunday's opening here.

And if we see weakness, we'll
be looking for price to come

down and close in the range.

If we get dollar strength, that would
be an objective to fill in all this.

So there's a void or
downside range for this week.

I'm looking for that as an objective.

If we roll through that, we'll be
looking for the equal lows down here

to closing this gap again, that's
on the heels of a bullish dollar.

Let's take a look at the cot
data for plea your a dollar.

Okay for the Euro, you see the
commercials have come off of the

rather heavy that long position.

Recently, we were seeing a dropdown from
their net long positions, this net long

position in here, and they're hedging
the range between the high here and

high here puts us at rate at this point.

So we're real low they're
hedging program for the last 12.

So they are directly
selling into this rally.

It may get up into this high may
challenge that one more time, but

we did get above this old high here.

So commercials are aggressively
lessening during that long positions.

And that's relatively
bearish across the board,

looking at the pound dollar.

We've had, uh, an attempt to get above.

These equal bodied candles in here, that's
still going to be a premise for the suite.

If we see weakness on the dollar index
trading down to that 99 22 level as

indicated on our analysis, we'll still be
looking for 25 60 on the upside for cable.

If we fail, we looking for
price to come back down in.

This level here at 1 23 91 23 85.

If that level gives way,
we'll be looking for a one on

liquidity, liquidity pool resting.

Now 1 23 35, 1 23 40 price
could meander sideways in here.

Um, it could stay in a range between
1 24 big figure and 1 25 10 this week.

If we don't see any major.

Let's take a look at an
hourly chart on cable.

Okay.

We'll be looking for this last down
candle and here to provide potential

support price trades below that.

Uh, we'll be looking for the willingness
to trade back above this low.

Once it does it.

If it trades through it and rejects,
it will be a sell side, sell stock

rate, as indicated here, just my
notes ahead of the market opening.

If we reject and start to trade
higher, it would need to get above this

candle here for me to feel confident
employment would be trading to.

25 60.

So we trade down, blow out this
low, where the bodies of these

candles, which we objection, block.

Uh, we have to give both this candle's
high at 24 87 before 25 sixties, um,

potentially unfolding for this week.

If we do trade below this low here,
we'll be looking for a move down into.

Hi, this candle 24 98 or 1 24 big figure.

If this gives way the downside
objective closes in this fair value

got down here and we'll note that.

So there's a range there so I
could trade down 1 23 big things.

Uh, if we see extreme weakness and
dollar strength, which I don't see

that yet, but it could be unfolding
over a longer period of time.

And we do have a smaller, fair
value gap in here as well.

I didn't hear, so he'd
be able to fill in that.

If we trade down below this
low accelerate, let's take

a look at the CO2 data.

Cable.

Okay me.

See the British pound.

This is the cot data, the
blue lines of commercial, by

the way, engage yet unaware.

I didn't mention it in the Euro

markets traded up into an old high.

We do have this old area of
institutional go back here.

They're aggressively long on
British pound and that may be a.

Indication that we'll probably want to
trade eventually above these equal highs.

Longer-term, uh, don't believe it's
going to be a straight shot up.

May take some time to
grassy trade up there.

This is really bullish on British pound.

Uh, a lot more bullish than Euro.

So we'll probably see Euro pound weakened
as a result of this analysis, as correct.

And.

British pound trading higher longer-term.

So there was the next couple of
months, uh, this trend in pound

with some retracements of meaning
that meaningfulness could propel

price higher up into a deeper run
on these equal highs dollar CAD.

Uh, we've seen the market want to
stay in a small tight range last week.

Wasn't really eventful at all.

Um, We have a bear shorter block
at 1 30, 4 35 practical trade

up in that closing that range.

It'll be interesting to see if we can
trade through that thinning strength.

If it does, we'll be looking for a move
above the equal highs here for this week.

So we're looking for 1 35 80
as on an upside 1 35 80 would

be an objective for the week.

Downside 31 95, that 32 big figure would
be our result of a breakdown in here.

And this would be like a
nice projected measured move.

So one 30 to 1 30, 1
95 downside objective.

There's our weekly range for the bears.

Um, if we see bullishness, we're
looking for 35, 75, 35, 80.

You can see the trading range that
we're in on an hourly basis, really

not indicative of anything in terms
of bullshit or bearishness, let's

take a look at the cot data for
Canadian dollar can, you can see

the commercials for Canadian dollar

move to an aggressive, long position.

So we may be seeing price,
want to come down and closing.

Fair value gap that resides
on the futures contract.

That would be bullishness
on dollar CAD pair.

But if we trade down to this level here
and find some support that may be the

catalyst for a move up the trade into
75, 50 to 76 figure ultimately low I'd

like to see it, uh, break this Polish
order block on the futures contract.

And make a run on these equal lows.

That's what I'd like to see happen.

So this may be just a small little
short term bullishness on their part.

If they move aggressively bearish
under holdings, relative to

the cot, being the commercials.

If they go back below the zero
line, that's going to be supporting

this as this, a bounce, and then a
swing projection down clearing out.

These equals.

And that would propel dollar cat higher.

Cause this is a Canadian
dollar futures contract.

So if this is dropping, that's
going to propel dollar cat higher.

I'm finally looking at the Aussie dollar.

Uh, we have a little bit of a
liquidity void still resting in here

that could be closed in this week.

A downside is 75 95 to 75 90 only ups.

We could potentially see price
a retrade back up into 76 65.

Ultimately though, I'd like to
see it break below this void

and go a little bit lower.

But if we do hit this level and start
to build some bullishness in here, I

will resume looking for another long.

Move into above these highs.

Um, I haven't changed my mind
about that on a longer-term basis,

uh, even being wrong last week.

Uh, if it builds some scenarios in
here that builds a bullshitter blocks

and start respecting it again on a
four hour basis and one hour basis.

And that may be, uh, the early
signs that this pair is going to

be under accumulation on here.

It makes sense whether
the drag it down deep.

Uh, because it's going to shake out
all the players that we're expecting

the same thing I was, but we're going
to be moving a longer-term higher.

Uh, nothing's changed on that
interest rate basis for this currency

fundamentally, and it's moved lower
with the dollar index and that doesn't

usually stay in tandem very long.

So this could be just a run against the
longs that are already in this pair.

And we may be looking to resume
on a lower longer-term basis.

And if that occurs.

That will give me the framework to
give you all an opportunity to do so.

In trader position, trade entries,
just look at the hourly chart

loan and the Aussie dollar.

You can see.

We came down closing and liquidity
void perfectly rather handsomely done.

I'd like to see it show some
willingness to break above.

At least this short-term high in here.

If we can break above that and come
back down in some bolts or block or

filling a void, that would be enough
for me to get long were bullish again.

And it start framing some
ideas that reach for this high.

If we get back above this high
here, we will have changed gears

and we won't be looking for the
equal highs above this level.

And longer-term as our weekly
objective for this week.

I don't see it.

Um, breaking aggressively
lower, like below this low here.

I just think we're probably going to
make one more attempt to fit it all,

to go lower, to run the stops out
and then start moving our way higher.

Uh, relative to the fundamentals.