Weekly Market Update: USDX, INDICES, YEN Pairs and CRYPTOS

 

Weekly Market Update in July 4/9, 2024: 

 

Medium - Short Term Right Side

 

• USDX- H4 Sideways to bearish
• INDICES - H4 Sideways Bullish
• YEN Pairs- H4  Bullish 
• CRYPTOS- H4  sideways to Higher

 

Daily/Weekly/Monthly Right Side:

 

INDICES

• Monthly- Bullish
• Weekly- Bullish
• Daily-     Bullish

 

USDX 

• Monthly- Bearish
• Weekly- Bullish
• Daily-     Bearish

 

YEN Pairs

• Monthly- Bullish
• Weekly- Higher Bullish
• Daily-     Higher  Bullish

 

Trading Opportunity

 

• Long-Term- in Daily
• Buying- Indices (in the correction)
• Buying- Yen pairs (in the correction)
• Buying- XAU and XAG (in the correction)
• Buying- Teck (in the correction)
• Sell- USDX 
   

What We Shouldn't Do in the Market Until More Data:

 

• Do not Sell Indices
• Do not Sell Yen Pairs
• Do not Selling Precious Metals
• Do not Buy USDX

 

WARNING

 

The best trade is when we have two or more alignments in a row. And the instrument has a bullish structure:

Exp: Instrument In ( W,D,H4)

• W- right side down
• D- right side up
• H4- right side up
• We can buy in H4 / in (3,7,11) swings when the correction is complete

 

Never risk more than 2% capital per trade and use Position Size Calculator to manage your capital properly.