July 04, 2024 12:42 PM

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

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.