Published On Apr 24, 2024
The current focus is observing how the DXY will react from the Weekly Bullish Imbalance area. We are getting some signs of it holding, but waiting for more confirmation.
If the USD holds and goes bullish, then we will see a nice Risk-Off sentiment across the board. Currently - it's a bit 50/50 and I am not getting to a very clear macro bias.
That is why I am patiently waiting, until my bias is just 100% clear.
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As always, we will analyze the major Forex pairs: DXY, EUR/USD, EUR/JPY, AUD/USD, AUD/JPY, NZD/USD, NZD/JPY, USD/JPY, EUR/GBP, GBP/USD, GBP/JPY. Gold as a commodity. Indices - US30, NAS100, S&P500.
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DISCLAIMER:
This video expresses my personal opinion only. Trading the financial markets involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives, level of experience and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.
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