Economic Calendar
First week of a new month with NFP on Friday. We got to be really carefull during this week that can be the manipulation on the monthly candle.
DXY
Price is stuck between quarterly levels. It’s hard right now to gess the long term direction. The Monthly Bisi have been invesed on daily chart. I would still wait for lower prices whreas these relatively equal highs at 101.800 and 101.640 look suspicious to my eyes.
Currencies
I have absolutely no clue on long term direction for EU & GU. We got SMt On highs at the moment. If this is confirmed by CISD toward lower prices we’ll have a more reliable clue.
Metals
Weekly chart marked a bearish C2. That is the only clean bias i can see as of now. I can see a continuation lower this coming week maybe from this 4 hours SIBI.
Indicies
Hard to tell where this week is gonna go. We’re in premium of the range in close proximity of all time highs.
Conclusion
Sill hard to read price action in my opinion. I’t my change as people are coming back from holidays. volume will surely increase and give us more clue for the near future. For my part, I’ll probably play short times trades based on H4 and H1 directions.
What’s your view on the coming week ? let me know in the comment section.
GLGT.
