Original subtitles

Okay, so is going to be a brief session.

Um, I don't have anything that's lined up well enough for me to get excited

about intraday, but I want to give you some observations so we can see what

we see in the rest of this afternoon.

The dollar is making a run for that 100 5160 level.

Uh, we talked about the likelihood of it coming back down into this candle.

Should it do that?

We should see some sensitivity, push it higher.

We did see that it's going to put pressure on foreign currencies.

Um, you look at the Euro, it's aiming for the south side liquidity we've mapped out.

So we're looking for that 1 0 6 big figure.

Um, south, south resting below this WIC should propel price

down into that 1 0 6 big figure.

Maybe.

Uh, 1 0 5 80 on an expansion, um, cable still in the mud.

It's stuck in this range defined by this high.

So it'll need to get out of this range one way or the other either

breaks down, which is fine.

Cause then we'll have, uh, a run for this liquidity.

'cause we've already went to the means threshold of this down candle

to any movement down now into this area makes it run for this.

And I'm okay with that.

That'll give us a clear shot is what the market's gonna be reaching for.

If it trades back above, then we're looking for this buy-side liquidity,

but it needs to get above this high now.

So it's trapped with the dollar.

We, uh, we see it potentially go into the 1 0 1 60 level.

That does favor of move down in this area for the cell stops.

So we have to wait for price to give us a clear level of work off of intraday today.

Um, that was, we'll take a look at that and then a couple of minutes,

but, uh, we did see some weakness here on the dollar strength.

I didn't like where we made the high at, and this is straw actually is good.

Right now.

Go into a lower timeframe.

I didn't like this.

I was watching this in London and I did not like how hate it.

It just wouldn't take it above the high.

Wouldn't do it at all.

So I don't like how it left that clean level like that.

And let's go into a 15 and.

You can see that's way, way, way too clean.

I don't like that at all.

So it'd be interesting to see what we do here at this low, if there's any

sensitivity or if we have to take this low out and it takes us cell stops out.

I'd like to see it, at least blow that out.

That would, that would have been nice.

Cause then I would be telling you, okay.

We can look for short in New York would have been in a highly.

Competent with that outcome, but I don't like that level.

Like this it's too, too many times here, here, here, here.

I don't trust it.

So with that in mind, um, I think that they'll probably keep it in the room.

For cable and it is going to go lower.

They'll come back for that level before they sink it lower.

That's my personal belief.

Uh, will it happen today?

Maybe not, but that's what I'm thinking.

All right.

So we have the Canadian dollar,

I think it just business off here.

Okay.

We're finding some support around these two candles and here, what

starts a bullish or block the dollar strengths should present

this some strength on the upside.

So we should see some measure of buying.

If we continue to see the dollar index rally, like we're

looking for that 1 0 1 16.

That should translate into this move, expanding up at the very minimum.

It should at least go back about these bodies of these candles and that's

enough in there for a trade, um, uh, 40, 50 pips or so, um, but you've

got to find a level that's nice.

And if it go into a 15 minute timeframe for that, uh, yesterday we had by

stops, indicated it went right to that level, but didn't go anywhere.

So we're stuck.

You moving sideways, like we were expecting to see and weakness,

but sideways to higher based on the dollar, the, the levels

aren't really clear in here.

I'd like to be able to say, okay, this is a good bite.

It's a good sell.

So I don't know if we'll see a.

A straight shot for the buy stops here, or if we're going to dip

down below this low in here first.

So we'll see.

Uh, just watch that later on when we get the, uh, news embargo lifted.

All of the dollar still stuck in a range, can't find its way out.

Um, I, like I said, I would have rather seen it trade down to that 75 90 level

that would promote some clear buying, but in here it's just nothing to key off.

As much as I would like to be long on this pair, I don't see anything in it to do.

So, uh, had relatively good, uh, resilience with the dollar strength.

Notice that it's not had any effect on all the dollar.

It's basically saying I don't care about the greenback.

I'm going to still do what I want to do.

And I think it's largely, hands-on what has happened in gold.

Um, the rally in gold, I think that all still promote this.

Aussie dollars either maintain its relative strength against the dollar and

then it, should there be any weakness in the dollar in the coming days or so?

Uh, that should propel Aussie dollar hard hire, uh, you're a pound in good grief.

It's a mess.

There's nearly, there's nothing in here.

I can indicate a higher or lower move on based on this payer.

So again, that's going to translate into.

Uncertainty for both Euro and pound in terms of relative strength, we

do know that there's likelihood for weakness in your dollar.

So we are aiming for that gold.

Still slipped out of, uh, it's one, I'm sorry, 1 12 40 level one.

It went almost at 1245, but fail.

We wanted to see 12 50, 30.

Uh, moved back.

That's expected if we're seeing dollar strength to a dollar strength should see,

uh, for the weakness on gold, silver, I'd like to see it maintain its consolidation

here still nothing's changed since yesterday's comments regarding that.

Um, I still favor that move up into the 800, 1800 level and let's see what else

I'm gonna go back to cable for a minute.

Um, I'd like to see.

Reject down in here as a New York session reversal and come back up

and take that 1 25 20 level out that would, uh, that would satisfy me.

Cause I don't like the way they left it in here as it is.

So that's something to watch today.

See if there's any, uh, any movement up to this level on cable and dollar QED.

Where were we at with that $1?

Watch this one here, we do have clear by stops above the high here, which

is also moving to indicate yesterday in a chart index and share with you.

And that should be where they should drive price up for liquidity.

Um, it doesn't make sense below the marketplace, given

the strength of the dollar.

So we'll see if that pans out right now.

It's a mixed bag technically.

So you want to be sitting on your hands.

Don't force something.

That's not there.

It's not, it's not worth it.

Uh, let the technical it's getting in a line.

So, um, as much as I was liking the, uh, opportunity for something this

morning with, uh, with our cat, getting in line with the move on dollar, I

don't have something I could really feel confident in doing, even though

I feel in my gut that it wants to take the buy stops above the highs in here.

I want to be ahead of the day 30 news to do that.

So you'll have to watch this and see what GC has experienced in charting.

Uh, apart from that, there's nothing else I got for you today, except for our weekly

recap and our two videos for tonight.

So.

Bid you farewell and I do and wish you a very pleasant weekend.

Nothing again, do not force something.

Don't push something as a trade today.

Just observe it's Friday.

A lot of people were still trying to figure out what the impact is about,

uh, our economy and the state of affairs because of Donald Trump, uh, staring us

into all different uncharted territory.

So keep yourself abreast as to what's going on with the.

The Muslim travel band.

However you want to refer to it as whatever the outcome is.

I think it's going to be a release of pressure as well, because there's a

lot of big businesses that are pushing back now against his, uh, decision.

And all that stuff translates to a ripple in the economies and not just our

country, but in global exchange as well.

So we've got a cowboy in the white house to just be, be mindful that there's

a lot of repercussions to that stupid things that he may or may not do.

So have yourself a, um, a good weekend.

I will give you a reflection on the stock indices this, this week.

I know I didn't give you on Wednesday.

I had said we would see, um, Some upside on those three market

averages, we're focused primarily on any breakdown in the marketplace.

I do not want to chase price higher on those.

So while I think it's going higher, based on what we saw in the charts

and what we shared the other day, I don't think it's something.

I'm personally not buying S and P I'm not buying stocks, but that way

I'm more inclined to wait for some signs that it wants to give it back.

And I just don't trust the current situation.

So I'll give you equity updates as well for stock indices and

anything else that comes to mind between now and today's close.

And until then, I wish you good luck and good trading.