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Okay, so is going to be a brief session.
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Um, I don't have anything that's lined
up well enough for me to get excited
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about intraday, but I want to give you
some observations so we can see what
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we see in the rest of this afternoon.
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The dollar is making a run
for that 100 5160 level.
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Uh, we talked about the likelihood of
it coming back down into this candle.
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Should it do that?
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We should see some
sensitivity, push it higher.
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We did see that it's going to put
pressure on foreign currencies.
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Um, you look at the Euro, it's aiming for
the south side liquidity we've mapped out.
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So we're looking for
that 1 0 6 big figure.
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Um, south, south resting below
this WIC should propel price
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down into that 1 0 6 big figure.
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Maybe.
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Uh, 1 0 5 80 on an expansion,
um, cable still in the mud.
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It's stuck in this range
defined by this high.
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So it'll need to get out of this
range one way or the other either
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breaks down, which is fine.
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Cause then we'll have, uh,
a run for this liquidity.
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'cause we've already went to the
means threshold of this down candle
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to any movement down now into
this area makes it run for this.
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And I'm okay with that.
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That'll give us a clear shot is what
the market's gonna be reaching for.
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If it trades back above, then we're
looking for this buy-side liquidity,
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but it needs to get above this high now.
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So it's trapped with the dollar.
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We, uh, we see it potentially
go into the 1 0 1 60 level.
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That does favor of move down in
this area for the cell stops.
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So we have to wait for price to give us a
clear level of work off of intraday today.
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Um, that was, we'll take a look at
that and then a couple of minutes,
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but, uh, we did see some weakness
here on the dollar strength.
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I didn't like where we made the high
at, and this is straw actually is good.
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Right now.
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Go into a lower timeframe.
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I didn't like this.
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I was watching this in London
and I did not like how hate it.
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It just wouldn't take it above the high.
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Wouldn't do it at all.
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So I don't like how it left
that clean level like that.
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And let's go into a 15 and.
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You can see that's way,
way, way too clean.
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I don't like that at all.
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So it'd be interesting to see what we
do here at this low, if there's any
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sensitivity or if we have to take this
low out and it takes us cell stops out.
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I'd like to see it, at
least blow that out.
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That would, that would have been nice.
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Cause then I would be telling you, okay.
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We can look for short in New
York would have been in a highly.
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Competent with that outcome,
but I don't like that level.
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Like this it's too, too many
times here, here, here, here.
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I don't trust it.
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So with that in mind, um, I think that
they'll probably keep it in the room.
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For cable and it is going to go lower.
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They'll come back for that
level before they sink it lower.
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That's my personal belief.
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Uh, will it happen today?
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Maybe not, but that's what I'm thinking.
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All right.
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So we have the Canadian dollar,
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I think it just business off here.
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Okay.
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We're finding some support around
these two candles and here, what
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starts a bullish or block the
dollar strengths should present
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00:04:01,460 --> 00:04:04,550
this some strength on the upside.
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So we should see some measure of buying.
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00:04:07,040 --> 00:04:10,280
If we continue to see the
dollar index rally, like we're
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looking for that 1 0 1 16.
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That should translate into this move,
expanding up at the very minimum.
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It should at least go back about these
bodies of these candles and that's
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enough in there for a trade, um, uh,
40, 50 pips or so, um, but you've
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got to find a level that's nice.
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And if it go into a 15 minute timeframe
for that, uh, yesterday we had by
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stops, indicated it went right to
that level, but didn't go anywhere.
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So we're stuck.
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You moving sideways, like we were
expecting to see and weakness,
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but sideways to higher based
on the dollar, the, the levels
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aren't really clear in here.
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I'd like to be able to say,
okay, this is a good bite.
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It's a good sell.
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So I don't know if we'll see a.
81
00:05:04,715 --> 00:05:07,985
A straight shot for the buy stops
here, or if we're going to dip
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down below this low in here first.
83
00:05:13,355 --> 00:05:14,135
So we'll see.
84
00:05:14,345 --> 00:05:19,685
Uh, just watch that later on when
we get the, uh, news embargo lifted.
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00:05:22,670 --> 00:05:26,630
All of the dollar still stuck in
a range, can't find its way out.
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00:05:27,140 --> 00:05:30,740
Um, I, like I said, I would have rather
seen it trade down to that 75 90 level
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00:05:30,740 --> 00:05:35,540
that would promote some clear buying,
but in here it's just nothing to key off.
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00:05:36,510 --> 00:05:41,070
As much as I would like to be long on this
pair, I don't see anything in it to do.
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00:05:41,070 --> 00:05:48,000
So, uh, had relatively good, uh,
resilience with the dollar strength.
90
00:05:48,090 --> 00:05:51,360
Notice that it's not had any
effect on all the dollar.
91
00:05:51,450 --> 00:05:54,300
It's basically saying I don't
care about the greenback.
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I'm going to still do what I want to do.
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00:05:56,190 --> 00:05:58,620
And I think it's largely, hands-on
what has happened in gold.
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Um, the rally in gold, I think
that all still promote this.
95
00:06:06,030 --> 00:06:09,330
Aussie dollars either maintain its
relative strength against the dollar and
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00:06:09,330 --> 00:06:12,420
then it, should there be any weakness
in the dollar in the coming days or so?
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00:06:12,990 --> 00:06:20,670
Uh, that should propel Aussie dollar hard
hire, uh, you're a pound in good grief.
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It's a mess.
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There's nearly, there's nothing in here.
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00:06:23,850 --> 00:06:27,780
I can indicate a higher or lower
move on based on this payer.
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00:06:27,780 --> 00:06:29,580
So again, that's going to translate into.
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00:06:30,719 --> 00:06:36,419
Uncertainty for both Euro and pound
in terms of relative strength, we
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do know that there's likelihood
for weakness in your dollar.
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00:06:39,299 --> 00:06:44,289
So we are aiming for that gold.
105
00:06:45,070 --> 00:06:51,250
Still slipped out of, uh, it's
one, I'm sorry, 1 12 40 level one.
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It went almost at 1245, but fail.
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We wanted to see 12 50, 30.
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Uh, moved back.
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That's expected if we're seeing dollar
strength to a dollar strength should see,
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00:07:02,940 --> 00:07:08,730
uh, for the weakness on gold, silver, I'd
like to see it maintain its consolidation
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00:07:08,730 --> 00:07:11,400
here still nothing's changed since
yesterday's comments regarding that.
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00:07:12,000 --> 00:07:19,950
Um, I still favor that move up into the
800, 1800 level and let's see what else
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I'm gonna go back to cable for a minute.
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00:07:22,530 --> 00:07:23,700
Um, I'd like to see.
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Reject down in here as a New York
session reversal and come back up
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and take that 1 25 20 level out that
would, uh, that would satisfy me.
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Cause I don't like the way
they left it in here as it is.
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So that's something to watch today.
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00:07:42,870 --> 00:07:51,120
See if there's any, uh, any movement up
to this level on cable and dollar QED.
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00:07:51,120 --> 00:07:52,530
Where were we at with that $1?
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Watch this one here, we do have clear
by stops above the high here, which
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00:07:57,430 --> 00:08:00,970
is also moving to indicate yesterday
in a chart index and share with you.
123
00:08:00,970 --> 00:08:07,390
And that should be where they
should drive price up for liquidity.
124
00:08:07,990 --> 00:08:10,510
Um, it doesn't make sense
below the marketplace, given
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the strength of the dollar.
126
00:08:11,590 --> 00:08:14,410
So we'll see if that pans out right now.
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00:08:14,440 --> 00:08:15,670
It's a mixed bag technically.
128
00:08:15,670 --> 00:08:16,870
So you want to be sitting on your hands.
129
00:08:17,380 --> 00:08:18,310
Don't force something.
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That's not there.
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It's not, it's not worth it.
132
00:08:21,345 --> 00:08:23,115
Uh, let the technical
it's getting in a line.
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00:08:23,115 --> 00:08:28,785
So, um, as much as I was liking the,
uh, opportunity for something this
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00:08:28,785 --> 00:08:33,105
morning with, uh, with our cat, getting
in line with the move on dollar, I
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00:08:33,105 --> 00:08:36,495
don't have something I could really
feel confident in doing, even though
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00:08:36,495 --> 00:08:40,935
I feel in my gut that it wants to take
the buy stops above the highs in here.
137
00:08:42,990 --> 00:08:47,370
I want to be ahead of the
day 30 news to do that.
138
00:08:47,490 --> 00:08:51,660
So you'll have to watch this and see
what GC has experienced in charting.
139
00:08:52,439 --> 00:08:56,490
Uh, apart from that, there's nothing else
I got for you today, except for our weekly
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00:08:56,490 --> 00:08:59,459
recap and our two videos for tonight.
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00:08:59,459 --> 00:08:59,610
So.
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00:09:00,825 --> 00:09:04,605
Bid you farewell and I do and
wish you a very pleasant weekend.
143
00:09:05,175 --> 00:09:07,695
Nothing again, do not force something.
144
00:09:07,695 --> 00:09:09,975
Don't push something as a trade today.
145
00:09:10,365 --> 00:09:11,625
Just observe it's Friday.
146
00:09:11,655 --> 00:09:15,705
A lot of people were still trying to
figure out what the impact is about,
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00:09:15,885 --> 00:09:21,795
uh, our economy and the state of affairs
because of Donald Trump, uh, staring us
148
00:09:21,825 --> 00:09:23,955
into all different uncharted territory.
149
00:09:24,585 --> 00:09:27,255
So keep yourself abreast as
to what's going on with the.
150
00:09:28,425 --> 00:09:29,805
The Muslim travel band.
151
00:09:29,925 --> 00:09:34,095
However you want to refer to
it as whatever the outcome is.
152
00:09:34,365 --> 00:09:38,685
I think it's going to be a release of
pressure as well, because there's a
153
00:09:38,685 --> 00:09:44,055
lot of big businesses that are pushing
back now against his, uh, decision.
154
00:09:45,060 --> 00:09:51,330
And all that stuff translates to a
ripple in the economies and not just our
155
00:09:51,330 --> 00:09:54,210
country, but in global exchange as well.
156
00:09:54,210 --> 00:09:59,890
So we've got a cowboy in the white house
to just be, be mindful that there's
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00:09:59,910 --> 00:10:02,970
a lot of repercussions to that stupid
things that he may or may not do.
158
00:10:03,720 --> 00:10:05,670
So have yourself a, um, a good weekend.
159
00:10:05,670 --> 00:10:10,590
I will give you a reflection on
the stock indices this, this week.
160
00:10:10,590 --> 00:10:12,030
I know I didn't give you on Wednesday.
161
00:10:12,030 --> 00:10:18,525
I had said we would see, um,
Some upside on those three market
162
00:10:18,525 --> 00:10:22,064
averages, we're focused primarily
on any breakdown in the marketplace.
163
00:10:22,064 --> 00:10:24,375
I do not want to chase
price higher on those.
164
00:10:24,885 --> 00:10:28,755
So while I think it's going higher,
based on what we saw in the charts
165
00:10:28,755 --> 00:10:31,545
and what we shared the other day,
I don't think it's something.
166
00:10:32,865 --> 00:10:35,805
I'm personally not buying S and P
I'm not buying stocks, but that way
167
00:10:36,285 --> 00:10:40,395
I'm more inclined to wait for some
signs that it wants to give it back.
168
00:10:40,454 --> 00:10:42,074
And I just don't trust
the current situation.
169
00:10:42,074 --> 00:10:46,635
So I'll give you equity updates
as well for stock indices and
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00:10:46,635 --> 00:10:49,635
anything else that comes to mind
between now and today's close.
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00:10:50,355 --> 00:10:52,125
And until then, I wish you
good luck and good trading.
14850
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