Good Morning,

Dollar strength is really starting to push forward once more.

In two weeks Gold has fallen 1000 pips ($100), Crude 3000 pips (£30).
On the Forex Euro has fallen 500 pips, Pound 500 pips. Swiss 600 pips and Yen 400 pips. That's a total of 6000 pips. YES SIX THOUSAND PIPS and do you know what ?
We were trading virtually all of these from the tops and bottoms for a few pips, but how many of us stayed with them ? Not many I'd bet.

This is why I say time and time again. Try to leave a little bit running and run it with the daily CCI, or at least the 4hr CCI.

Anywat it looks like further Dollar strength will prevail over the coming months.
The weekly 20's have been broken now on everything, so the next logical support/resistance would be the weekly 50's (daily 200's).

Longer term I am waiting for pullbacks on everything.
I'd like $900 on Gold before I'd consider it. Crude is not on my list but it would heve to be back to $122.

Euro I am looking for a pullback to 1.5550 before shorting, Pound to about 1.9700.
Yen I am already holding a small position. It's so close to that weekly 50 I'ts almost ready to pop and I'd consider building from 108.00, off the support line if it pulls back a bit.
Swissie I am looking for a retracement ro 1.05 befor contemplating a long position.

Shorter term things are very different.

Remember the elastic band I spoke about?
These are all at full stretch now so expect some retracements.

Gold and Crude have yet to break the 60m 20ema or the 84 CCI on the 15m chart so I won't be jumping on a long Euro and Cable band-wagon.
Yes these latter two are in the positive with the 84 crossing a couple of hours ago. There maybe some plays upto the 60m 50sma or even the 4hr 20ema, but remember it's against the trend.
Swissie is doing the oppsitie of Euro, as she does.
Interestingly USDJPY is still Positive on the CCI and so would expect some moves on EURJPY IF she can hold-up and IF continue to recover.

Good day to you

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session