Brief Summary
The presenter analyses various currency pairs and gold (XAUUSD), focusing on market structure, order flow, and potential trading opportunities. Key points include monitoring Euro/USD's reaction to interest rate decisions, anticipating further upside for USD/CHF as a swing position, and remaining bullish on gold, looking for buy positions after liquidity grabs.
- Euro/USD is influenced by interest rate decisions and daily imbalances.
- The dollar index is reacting downwards from an imbalance candle.
- AUD/USD is expected to continue its upward trend towards liquidity.
- GBP/USD bulls are in control, but potential shorting opportunities may arise.
- NZD/USD is pushing higher in line with daily order flow.
- USD/CHF is expected to see further upside as a swing position.
- Gold is still focused on buy positions after liquidity grabs.
EURUSD
Euro/USD has pushed higher, following daily and 1-hour order flow. The market is currently within a daily area of demand, respecting the daily fractal structure. After tapping into a daily supply area, a bearish change of character indicated a potential move downwards, but the market shifted again with a bullish change of character. The market grabbed liquidity, filled a previous demand area, and is now aggressively following structure. A daily imbalance is currently pushing the market higher. The presenter is monitoring how the market reacts to the interest rate decision from the European Central Bank, anticipating a potential rate cut that could weaken the euro. The 4-hour chart is bearish fractal-wise, but ascending lows indicate open liquidity.
DXY
The dollar index is pushing down from an imbalance candle, reacting downwards from a daily supply area. To see dollar longs play out, the current fractal high and the daily supply area need to be broken. If the daily supply area is broken, it would confirm a move to take out descending highs. For now, the supply zone is in control, and the immediate order flow should be followed downwards.
AUDUSD
AUD/USD has pushed higher as expected, following the daily order flow. The sub for the buy was in control, and higher prices are expected towards the X liquidity point. The market broke out of consolidation, pushing higher with momentum, aligning with the daily fractal and 4-hour market structure. The presenter is looking for this to continue towards the X, the beginning point of descending highs.
GBPUSD
GBP/USD initially sold off but is now pushing higher again. Demand is currently in control. The market retraced towards a demand zone and pushed higher. It's best to wait for the descending highs to be taken out before looking for potential downside. There's a build-up of liquidity underneath the trend line, but it's too early to short. Waiting for the current fractal low to break with clear momentum or for the high to be taken could present shorting opportunities. For now, bulls are in control, and the imbalance remains in control, pushing the market higher.
NZDUSD
NZD/USD is pushing higher in line with the daily order flow. Daily demand and the daily fractal remain in control, pushing the market higher in line with 4-hour and daily expectations. The presenter is looking for this to continue towards the X. Lower time frames show accumulation areas where buying on high breaks or waiting for a retest of demand is possible. Longs still make sense overall longer term, as long as the daily and 4-hour fractal structures hold with the current fractal lows.
USDCHF
USD/CHF has been pushing up with a weak Swiss franc. The presenter is looking for further upside as a swing position. The focus is on the overall bigger swing with stops beneath the lows, targeting a bigger push up after liquidating underneath an area of consolidation. The market shows a fake-out beneath the range low, with accumulation and manipulation, now looking for distribution back into the highs, waiting for a strong dollar to return.
USDJPY
USD/JPY is showing slow price action, and the presenter is waiting for movement. Looking for some further upside towards the end of the week.
XAUUSD
Gold is still focused on buy positions. The daily time frame is bullish. The presenter identifies a refined area of demand. The market doesn't always need to retrace deeply, especially with gold. On the 1-hour time frame, a liquidity low was grabbed, followed by a V-shape reversal, indicating buyers entering the market. After a phase of accumulation, the market is retracing towards a 1-hour demand zone, grabbing liquidity underneath the range. The presenter is looking for long positions, anticipating a reaction to the demand zone and a break of descending highs, with liquidity resting above. If it pushes lower, the presenter will look for more buys.
