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Welcome back folks.
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00:00:02,450 --> 00:00:08,830
Your afternoon recap from
March 7th, 2000 $17 index.
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We are looking to see 1
0 1 90 traded to today.
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Today's high came in, just
short of it at 1 0 180 8.
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Uh, so we did get to 1 0
180, but I'm looking for.
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Uh, 1 0 2 to see if we can reach
that level and how it responds if
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it gets to that point, uh, we felt
just a little bit short of it.
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00:00:31,170 --> 00:00:37,050
So I'm trying to be very conservative
in regards to whether it continues
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higher on a dollar index, or if
we're going to stay in consolidation,
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00:00:40,200 --> 00:00:41,340
because that's what I'm fearful of.
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I don't want to be caught up in something
that doesn't see any continuing.
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00:00:49,935 --> 00:00:54,375
And it is largely attributed to the fact
that the interest rate markets have gone
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00:00:54,375 --> 00:00:55,964
sideways during the trading range still.
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00:00:55,964 --> 00:00:59,925
So there's no indication
yet in the bond market.
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Uh, even though bond prices look
like they want to trade lower.
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Um, I don't care which direction
they trade personally, but I would
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like to see them break out of the
consolidations that are trading in.
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And that will release this holding
pattern we've had in the currency
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market, but we're looking for insights
at the 1 0 1 92, 1 0 2 big figure.
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And that'll give us a more prognostication
for our other currency pairs.
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You're a pound, uh, cleared out
the buy-side liquidity area.
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We were looking for it's in
a mitigation block in here.
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So.
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It'll be interesting to
see if we reject in here.
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And if we do, we could look for 85 90
as a downside objective for European.
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Any continuation takes us up into
the levels who've been indicating
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for our fair value gap at 87 65.
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Next upside Euro dollar.
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Uh, we had our.
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00:02:07,050 --> 00:02:10,979
Outlined from yesterday, we were
looking for another retest of that
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00:02:10,979 --> 00:02:15,030
one or 6 0 5 on a 610 level on here.
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And it did it today as an intraday.
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Hi, here's your high one is 6 0 5.
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So a little bit of a
wizardry, if you will.
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Uh, just didn't give us
much of a downside move yet.
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Um, when came one more time, back
up into the body of this candle.
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As a potential bear, shorter block, but
we haven't had much of a move outside.
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And again, because of the potential
bullish, you're a pound I'm reluctant
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in wanting to sell it because we've
seen really strong surge in that
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pair and it's holding Euro dollar up.
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00:02:51,375 --> 00:02:53,595
So it may take a little bit
more time for this pair, if
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at all, to want to drop lower.
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So we're looking for any
break below this low here.
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It takes us down to clear these equal lows
out south side liquidity resting in there.
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00:03:06,725 --> 00:03:18,665
And a fair bit, you got still
remains around 1 0 5 31 0 5 35.
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00:03:18,965 --> 00:03:23,585
So in this area here, if everybody
got remove this area now, because
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it's already fulfilled this role.
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Pound dollar just fell short of our
2160 objective nine pips short of that.
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We're looking for 2160 down
here, closing in this void.
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And if we break below that, what
we're looking for, the Southside
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liquidity fill in on this fair you gap.
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Aussie dollar again, like
mentioned this morning, did
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trade up into our 76, 20 level.
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Underlying strength is
still in this payer.
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I don't want to sell it yet.
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00:04:03,290 --> 00:04:07,550
Now, if we do break down, I
could potentially see a move.
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00:04:07,730 --> 00:04:13,010
Maybe if we can keep this area from
being traded into, if we get a drop
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00:04:13,340 --> 00:04:14,660
in a more, more rally up false.
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00:04:16,005 --> 00:04:19,784
Um, rally to get into a bear shorter
block or something similar to that effect.
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00:04:20,565 --> 00:04:23,325
Maybe trade below this level
here and then come back up and
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00:04:23,325 --> 00:04:25,335
hit this as a resistance point.
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00:04:25,815 --> 00:04:30,945
That may be a short for a later time,
but right in here, presently, I'm still
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00:04:31,395 --> 00:04:36,555
not doing anything with the Aussie
dollar U S CAD has some lifts today.
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00:04:36,555 --> 00:04:40,125
We did take out yesterday's
high, still looking for 35 75.
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00:04:40,215 --> 00:04:41,474
Nothing's changed in that regard.
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00:04:42,224 --> 00:04:42,945
Um, there is.
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00:04:44,620 --> 00:04:51,430
A small little pool of liquidity
just below the 1 33 30 level in here.
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00:04:51,550 --> 00:04:55,090
That's a old area of institutional
order flow right here.
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00:04:55,090 --> 00:04:56,380
So that would be residing rate below.
70
00:04:57,224 --> 00:04:59,055
I don't see that being hit here.
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00:04:59,055 --> 00:05:02,445
I think we're going to probably want
to expand still to the upside before
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00:05:02,445 --> 00:05:05,174
we see any more movement lower.
73
00:05:05,805 --> 00:05:08,805
And this is all based on the
weakness of the Canadian dollar
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00:05:12,044 --> 00:05:15,224
dollar again, uh, gave back
some of its gains today.
75
00:05:15,255 --> 00:05:17,594
One of the, see a little bit
more aggression on the upside.
76
00:05:17,865 --> 00:05:21,674
Didn't see it so far as we've
seen the mark come back almost
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00:05:21,674 --> 00:05:22,575
into the middle of the rain.
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00:05:26,550 --> 00:05:33,270
Dollar Swiss had to move to 1 0 1 70
and I gave you the fib projections
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00:05:33,270 --> 00:05:34,830
here from this high down to this low.
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00:05:35,340 --> 00:05:41,039
This is the 1 27 extension and it
went just a little bit above it to
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00:05:41,039 --> 00:05:45,020
the round number 1 0 1 70 and then
we had some nice profit taking.
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00:05:46,364 --> 00:05:48,885
Cleared up both areas of liquidity
on the buy-side, but he took out
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00:05:48,885 --> 00:05:53,655
these equal highs, took out the old
high here and we've came back down
84
00:05:53,655 --> 00:05:57,585
and closed in essentially the void
rate in here or this fair value gap.
85
00:05:57,914 --> 00:06:04,215
So all this price action here,
all through here only, and we
86
00:06:04,215 --> 00:06:07,034
saw price rebalance rate there.
87
00:06:08,474 --> 00:06:10,065
So this opening, it traded down.
88
00:06:11,359 --> 00:06:14,539
And from that opening up only
nothing has been delivered.
89
00:06:14,570 --> 00:06:16,520
All this price action has been rebalanced.
90
00:06:16,520 --> 00:06:18,200
So we've had buy-side delivery here.
91
00:06:18,890 --> 00:06:21,020
Now sell-side delivery
has been rebalanced.
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00:06:21,020 --> 00:06:23,960
So now this whole door
pocket has been filled in.
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00:06:24,289 --> 00:06:27,020
So if it's going to go higher, it
certainly has been permitted to do so
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00:06:27,020 --> 00:06:29,809
now by this imbalance being closed in.
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00:06:30,559 --> 00:06:34,280
And we're going to look to see if price
can get back up into the last update.
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00:06:35,160 --> 00:06:38,070
That comes in at 1 0 1 55 to 1 0 1 60.
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00:06:38,820 --> 00:06:41,100
And then if we break through that,
obviously we were looking for the
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00:06:41,100 --> 00:06:47,670
higher objectives seen on that double
high or equal high on a daily basis.
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00:06:49,740 --> 00:06:53,340
Gold took out the short-term low in
here, and we may be looking for a little
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00:06:53,340 --> 00:06:55,830
bit deeper retracement as we indicated.
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00:06:55,950 --> 00:06:59,430
Um, if we close below 12, 15, not good.
102
00:06:59,610 --> 00:07:02,100
It's going to be a near
term to short term.
103
00:07:02,849 --> 00:07:06,780
Uh, bearish on gold and any rallies
up from this point will, may
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00:07:06,780 --> 00:07:09,150
become a selling opportunities.
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00:07:09,359 --> 00:07:14,370
Especially if we see further
upside on dollar index, silver is
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00:07:14,370 --> 00:07:15,750
really taking it hard on the chin.
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00:07:16,159 --> 00:07:18,510
We mentioned that there may be a
likelihood of getting down to that
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00:07:18,510 --> 00:07:23,250
17 big figure, and it certainly looks
like, say it wants to, uh, spread
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00:07:23,250 --> 00:07:24,599
its wings to get down to that level.
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00:07:25,109 --> 00:07:29,159
So we'll be looking for further
continuation on upside on Dallas.
111
00:07:30,300 --> 00:07:32,820
As it relates to weakness
in the precious metals.
112
00:07:32,820 --> 00:07:37,785
So this is indicating that we should
be seeing much more upside $1 New
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00:07:37,785 --> 00:07:40,140
Zealand dollar aggressive move down.
114
00:07:40,230 --> 00:07:43,950
We're looking for a small little
liquidity pool resting below here.
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00:07:44,010 --> 00:07:46,320
And if we can break below
that, we will be looking to
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00:07:46,320 --> 00:07:48,210
rechallenge this last down candle.
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00:07:49,470 --> 00:07:55,950
So this mark on our charts now
the next downside objective is.
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00:07:57,120 --> 00:08:01,500
69, 15 69, 10, 4 Kiwi.
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00:08:02,310 --> 00:08:05,849
And any time, if at all, we
can rally up to this area here
120
00:08:06,150 --> 00:08:07,770
without taking out this low.
121
00:08:08,130 --> 00:08:12,150
This could be a nice sell scenario
for a run below this low here.
122
00:08:12,150 --> 00:08:16,799
Again, it's assuming that we get a strong
dollar and we get this scenario where we
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00:08:16,799 --> 00:08:20,310
can get up here and trade in this little
range and fill in that cell side delivery.
124
00:08:20,310 --> 00:08:24,270
Only give some buy-side delivery
up, close up, push in price,
125
00:08:24,330 --> 00:08:25,260
and then we can see some stuff.
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00:08:26,865 --> 00:08:27,585
That's it for today.
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00:08:27,585 --> 00:08:31,005
Folks, I'm going to be with
you again tomorrow 7 45 New
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00:08:31,005 --> 00:08:32,325
York time until tomorrow.
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00:08:32,534 --> 00:08:32,955
I wish you good luck.
11313
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