Martingale_FX

Martingale_FX

The USD has been very weak, which means that a pullback is due. I won't be participating in shorting the USD this coming week despite the Fundamentals have been telling us. Seeing through the technical point of view, we 've seen that May's low had been purged last week. Price action is anticipated to make its way buyside. The full-bodied Daily bearish candle to...

Martingale_FX

The 30-year Treasure yield pushed above 5%, which should be bullish for the dollar. However, the DXY actually went lower. It seems like investors aren't just looking at yields, they're concerned about why yields are rising. It won't be pretty. If the greenback falls below 99.50, the alarm will go off. The Treasury yields tell the truth about debt confidence....

Martingale_FX

Pay attention to the closest Daily +FVG highlighted as price is currently seek to tap into. If this hold and reject price in a strong manner, then another push higher should be anticipated towards 115K - 120K. Fundamentally, the COT data is showing a strong indication of Large Speculators shorting the asset. However, based on the previous historical data recorded...

Martingale_FX Updated 

Currently price action is within a range, and I'd be interested to see whether the Daily imbalance below may create a needed support to push price higher. Patience is a virtue.

Martingale_FX

These are the questions that we should ponder: 1. Where are we coming off of? A Premium or Discount price? 2. Where is price likely to go? 3. Does the market have a reason to: - Seek liquidity above or below the marketplace? - Seek to mitigate inefficiencies? 4. How did Previous Month Candle close? 5. Do we have bullish or bearish Order Flow? 6. Does the...

Martingale_FX

Gold decides to take a breather and seeks some gas along the Discount zone. I'd be interested to see how it reacts next week as it taps into the H4 +FVG to support and launch price or fail and push into deeper Discount. Staying Neutral is the play for now.

Martingale_FX

It looks like DXY ready a pullback since it has already showing a significant weakness. We should anticipate continue pullback until NFP release next month. I'd like to see the current Dealing Range High purged and fail to push higher to confirm that the sell program is still intact.

Martingale_FX

Despite the poor data that came out of Japan, the price action has been telling a different narrative. I'm going to pay attention on this asset until it has reached towards the Weekly objective. I'd like to see the price purge the obvious swing high as noted and fails to push higher to confirm my bias. Fundamentally all the data is supporting for the Yen to have a...

Martingale_FX

I'm Bullish on this asset, however I'd be interested to engage when the inefficiencies below the current market price has been mitigated. It'll get there sooner or later, and until it happens I'm just going to sit on my hands.

Martingale_FX

DXY moved below the May Open, and as I was anticipating that it's still going to reprice lower where the IPDA Low is resting. The current price action supports the Risk-On regime for now.

Martingale_FX

As anticipated last week, Gold delivered into Buyside Liquidity and still continued its objective towards upside momentum. I'll be looking for another Buyside delivery again for the coming week. Note, that the IPDA 20 High will be my price target within the current Dealing Range.

Martingale_FX

The latest COT data suggested relative strength in the Swissy. The price action also indicated that upside momentum has been meeting obstacles despite a seemingly strong recovery in the Dixie. I'd be interested in shorting this asset, if the opportunity presents it to me.

Martingale_FX

I'd be interested to engage in buyside delivery if the opportunity presents it to me. The big picture seems to support the idea as the previous three Daily candles have been supported by the Daily BISI to reprice higher prices.

Martingale_FX

If the Daily BISI holds and supports price to push higher, then I'd be interested to engage. Price is currently at a discount relative to current Dealing Range.