So sorry to hear that. Hope you get better soon.
Take care.
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Anyone thinks the EURUSD rally will continue?
2021/04/21
DXY
D1
-
Liquidity
Above 91.85
Below 90.85 -
Key Levels
Bearish –FVG High 91.49
Bullish –OB 91.03 (hit yesterday) -
Bias – Bullish
H1
-
Key Levels
Bearish – OB 91.54
Bullish – NYMO 91.21
Daily … Looking for price to move higher today, at least up to the Hourly OB at 91.54 or Weekly Open price at 91.60. From there we could see a continuation back to the downside. For the move up today, I’ll be looking for a retrace back towards the NYMO at 91.21.
EURUSD
D1
-
Liquidity
Above 1.2080
Below 1.1950 -
Key Levels
Bearish –OB 1.2151
Bullish – Brkr 1.1990 -
Bias – Bearish
H1
-
Key Levels
Bearish – MB 1.2022 … next NYMO 1.2031
Bullish – OB 1.1982
Daily … The EURUSD filled in a Weekly FVG yesterday and hit a Bearish OB at 1.2050. Price has since reversed and moving lower as we would expect. I do not expect a big move to the downside though. Will be looking for support around 1.1990. This is my downside target for today. Will look for a retrace up to the Hourly Mitigation Block at 1.2022 and NYMO at 1.2031 before taking a move down.
GBPUSD
D1
-
Liquidity
Above 1.4010
Below 1.3715 -
Key Levels
Bearish – FVG High 1.4141
Bullish – OB/Brkr 1.3901 -
Bias – Bearish
H1
-
Key Levels
Bearish – FVG High 1.4141 (Daily)
Bullish – NYMO 1.3929 … next OB/Weekly Open 1.3841
Daily … Price so far today is flat. Potentially looking for a move down to the Hourly OB and Weekly Open at 1.3841. Ideally, will need to see a move down away from the NYMO and then retrace back up to it for any type of entry. Right now, the M15 does not show any high probability entries even though we are at the NYMO level. Wait for the right setup or trade another day.
2021/04/21 Recap
DXY – Bearish day. Price gradually moved higher but took a quick drop in late morning trading and dropped all the way down to the Daily OB at 91.03, where it currently sits.
EURUSD – Flat day. The downside target was 1.1990 on the day, but price only made it as low as 1.1998 before moving higher. It initially found resistance at the NYMO but has drifted a little higher and consolidated so far today.
GBPUSD – Bearish day. Price essentially moved sideways yesterday. We did see one drop in price down to the Daily OB & Breaker at 1.3901, which supported price and pushed it right back to the NYMO level.
2021/04/22
DXY
D1
-
Liquidity
Above 91.85
Below 90.85 -
Key Levels
Bearish –FVG High 91.49
Bullish –OB 91.03 -
Bias – Bullish
H1
-
Key Levels
Bearish – FVG High 91.33 … next OB 91.54
Bullish – NYMO 91.11 … next OB 91.03 (Daily)
Daily … With another bounce off the Daily OB at 91.03, I will be looking for price to move higher today. Targeting yesterday’s high above 91.43, but could see some resistance at 91.33, which is the top of the Hourly FVG created yesterday.
EURUSD
D1
-
Liquidity
Above 1.2080
Below 1.1950 -
Key Levels
Bearish –OB 1.2151
Bullish – Brkr 1.1990 -
Bias – Bearish
H1
-
Key Levels
Bearish –NYMO 1.2036
Bullish – Brkr 1.1990 (Daily) … next OB 1.1982
Daily … With the Dollar moving higher, I am looking for the EURUSD to move lower. However, price right now is at a key H1 Rebalance area. These are typically very strong areas, in this case it would be support. Will watch closely, but I do not expect it to hold this time. Would like to see a push through this area, then retrace back up to it and act as resistance, then move lower and take out yesterday low at 1.1998 and reach for the Weekly open at 1.1982.
GBPUSD
D1
-
Liquidity
Above 1.4010
Below 1.3715 -
Key Levels
Bearish – FVG High 1.4141
Bullish – OB/Brkr 1.3901… next FVG Low 1.3716 -
Bias – Bearish
H1
-
Key Levels
Bearish – NYMO 1.3938
Bullish – OB/Brkr 1.3901 (Daily) … next OB/Weekly Open 1.3841
Daily … Price looks like it can break down from yesterday’s consolidation. Will need price to move through the Daily OB and Breaker at 1.3901 which was already hit yesterday. Ideally will be looking for a move back up to the NYMO at 1.3938 and then move down towards the Weekly Open at 1.3841.
2021/04/22 Recap
DXY – Bullish day. Price held nicely at the Daily OB before moving higher as expected. Price moved all the way up to 91.42 … one cent shy of the 91.43 I was targeting.
EURUSD – Bearish day. Well … that rebalance area supported price quite well. Pushed price higher before it finally found resistance and dropped again. Unfortunately, the retrace higher was a bit more extreme than I was expecting and it took out my SL. But, as expected, price then moved lower and took out yesterday’s low at 1.1998, which was my target. Price filled in a small Daily FVG, found support, and then moved higher.
GBPUSD – Bearish day. Nice expansion to the downside yesterday as expected. However, we did not get the retrace higher needed to find an entry point. Price started to come up and came close to providing an entry but came up short and shot down. It reached the Weekly Open target at 1.3841 and Hourly OB where price found support and moved higher.
2021/04/23
DXY
D1
-
Liquidity
Above 91.85
Below 90.85 -
Key Levels
Bearish –FVG High 91.49
Bullish –OB 91.03 -
Bias – Bearish to flat
H1
-
Key Levels
Bearish – NYMO 91.21 … next FVG High 91.33
Bullish –next OB 91.03 (Daily)
Daily … The dollar has already made a bit move down today. Not sure how much farther it can go. It is at the Daily OB of 91.03 again, which has worked well as support all week. We could either see price consolidate between the NYMO and the Daily OB or break through the OB and move much lower. Ideally, I want the later to happen in order to set up a trade but will watch price until something happens.
EURUSD
D1
-
Liquidity
Above 1.2080
Below 1.1950 -
Key Levels
Bearish –OB 1.2151
Bullish – Brkr 1.1990 -
Bias – Bullish
H1
-
Key Levels
Bearish –OB 1.2151 (daily)
Bullish – NYMO 1.2022 … NEXT Brkr 1.1990 (Daily) … next OB 1.1982
Daily … The EURUSD has essentially moved sideways all week. Today, price has already found resistance at the upper end of that consolidation range. Just like on the Dollar, I will be expecting more consolidation with a possibility that price could expand higher. Only looking for a trade if price expands above yesterday’s high of 1.2070.
GBPUSD
D1
-
Liquidity
Above 1.4010
Below 1.3715 -
Key Levels
Bearish – FVG High 1.4141
Bullish – FVG Low 1.3716 -
Bias – Bullsih
H1
-
Key Levels
Bearish – MB 1.3886 … next OB 1.3929
Bullish – NYMO 1.3859 …next OB 1.3766
Daily … Not going to happen today, but that 1.4000 handle is looking mighty juicy!! Today could see price move a little higher. Already found resistance at the Hourly Mitigation Block at 1.3886. This can push price back to the NYMO at 1.3859, where it should find support and then expand higher. Will be targeting the H1 OB at 1.3929.
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Great analysis 
February is where list some of the abbreviations and explain them a little. But here you go…
NOTE: I have updated terminology in my forecast to what I actually use. Support and resistance are generic terms that mean can be determined by any number of methods. I do not use support in resistance in my trading. The updated terms you will see are:
-OB … Bearish Order Block
+OB … Bullish Order Block
FVG … Fair Value Gap
BISI … Buyside Imbalance Sellside Inefficiency
SIBI … Sellside Imbalance Buyside Inefficiency
NYMO … New York Midnight Open
Any others will be noted in comments.
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2021/04/23 Recap
DXY – Bearish day. Price moved a bit higher after forecast, filled an hourly SIBI and then dropped to form a new low of the week.
EURUSD – Bullish day. Price did indeed move above Thursday’s high at 1.2070 and move dup all the way to 1.2100. However, did not get a clear entry setup so no trades.
GBPUSD – Bullish day. As forecast, the Hourly OB at 1.3886 acted as strong resistance and kept the price below this level on the day. Price did move back down the NYMO as expected and then right back to the OB to close out the day.
2021/04/26
DXY
D1
-
Liquidity
Above 91.40
Below 90.65 -
Key Levels
Bearish – 2-Day Prior Low 91.00 … next 2-Week Prior low 91.49
Bullish –OB 91.03 -
Bias – Bearish
H1
-
Key Levels
Bearish – Weekly Open 90.87 … next OB 90.92 … next 2-Day Prior Low 91.00
Bullish –NYMO 91.72
Weekly … We have seen three consecutive weeks of strong downward moves. I am expecting that trend to continue this week. Price could retrace up to the 2-Week Prior Low at 91.49 first and then move lower. I am targeting 89.00 on the downside. No, not likely going to happen this week, but this level is a big draw on price and will frame bullish trades on the EURUSD and GBPUSD for the week.
Daily … Price has already moved down today and is sitting just above a liquidity draw below 90.65. I will be looking for price to reach into the liquidity today. Price also already retraced up into a Bearish OB during the London session and is moving lower from that level.
EURUSD
D1
-
Liquidity
Above 1.2240
Below 1.1995 -
Key Levels
Bearish –OB 1.2151
Bullish – 2-Day Prior High (also a Breaker) 1.2070 … next 2-Week Prior High 1.1995 -
Bias – Bullish
H1
-
Key Levels
Bearish –NYMO 1.2110
Bullish – OB 1.2072 & 2-Day Prior High 1.2070 (Daily – also Breaker) … next OB 1.1982
Weekly … Still mirroring the Dollar, price on the EURUSD has seen three strong weeks of bullish price movement. I am expecting that to continue this week. On the Weekly level, there is a liquidity draw above 1.2240. That is within reach this week. Price could first dip down to the 2-Week Prior at 1.1995 but does not need to and has not done this the past couple weeks.
Daily … So far today, the NYO at 1.2110 has acted well as resistance. Will be looking for a move down as low as the Hourly OB at 1.2072 which aligns with a Daily Breaker and 2-Day Prior High at 1.2070. However, The Weekly Open at 1.2097 could support price from moving lower too. Will then be targeting the Daily OB at 1.2151.
GBPUSD
D1
-
Liquidity
Above 1.4010
Below 1.3825 -
Key Levels
Bearish – FVG High 1.4141
Bullish – OB 1.3687 -
Bias – Bullish
H1
-
Key Levels
Bearish – FVG High 1.4082
Bullish – NYMO 1.3900 …next OB 1.3766
Weekly … Price has basically moved sideways for a couple months. There is a very nice liquidity draw above 1.4000, which is what I will be targeting this week. A move into this area could see price expand rapidly and also reach for the Weekly and Monthly Rejection Blocks above 1.4180.
Daily … price already moved up to the Hourly OB at 1.3929 during the London Session today. It found resistance and came right back down to find support at the NYMO of 1.3900. Price could consolidate today one the GBPUSD based on the EURGBP price action. Price in approaching a Daily Bearish OB so in the move higher towards that OB, We are likely to see the EURUSD move higher and the GBPUSD consolidate. However, once that OB is hit and price starts dropping, we could very well see a large bullish expansion on the GBPUSD. Not looking for a trade on this pair until the EURGBP gives me more guidance.
Thank you for your response. Really liking the daily updates. I have been trading Forex for almost 10 years so I know most of the terms. This is helpful!
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2021/04/26 Recap
DXY – Flat day. The NYMO acted as strong support yesterday and kept price higher. Price reached up to the Hourly OB at 90.92 and then moved lower on the day to close near the open price.
EURUSD – Bearish day. The NYMO also held strong on the EURUSD yesterday. From the NYMO, price dropped to the Hourly OB at 1.2072 and then moved higher towards the Weekly Open before continuing down again.
GBPUSD – Bullish day. With the EURGBP dropping yesterday, this allowed the GBPUSD to move higher on the day. However, form my forecast posting, price dropped against what I expected. It fell all the way to the Weekly Open, found support and then moved back up to the NYMO to close the day.
2021/04/27
DXY
D1
-
Liquidity
Above 91.40
Below 90.65 -
Key Levels
Bearish – 2-Week Prior low 91.49
Bullish – Imbalance High 90.36 -
Bias – Bearish
H1
-
Key Levels
Bearish – NYMO 90.64 … next 2-Week Prior low 91.49 (Weekly)
Bullish – Weekly Open 90.87
Weekly … We have seen three consecutive weeks of strong downward moves. I am expecting that trend to continue this week. Price could retrace up to the 2-Week Prior Low at 91.49 first and then move lower. I am targeting 89.00 on the downside. No, not likely going to happen this week, but this level is a big draw on price and will frame bullish trades on the EURUSD and GBPUSD for the week.
Daily … Looking for price to move down today. We just crossed through the NYMO at 90.64 with the next objective of the Weekly Open at 90.87. Ultimately targeting yesterday’s low at 90.68.
EURUSD
D1
-
Liquidity
Above 1.2110
Below 1.1995 -
Key Levels
Bearish – OB 1.2151
Bullish – OB 1.2037 … next 2-Week Prior High 1.1995 -
Bias – Bullish
H1
-
Key Levels
Bearish – Weekly Open 1.2097
Bullish – NYMO 1.2069 … next OB 1.2037 (Daily) … next OB 1.1982
Weekly … Still mirroring the Dollar, price on the EURUSD has seen three strong weeks of bullish price movement. I am expecting that to continue this week. On the Weekly level, there is a liquidity draw above 1.2240. That is within reach this week. Price could first dip down to the 2-Week Prior at 1.1995 but does not need to and has not done this the past couple weeks.
Daily … Expecting the EURUSD to either move higher or consolidate today. If consolidation, we will see the GBPUSD move higher given that the EURGBP is bearish. Price just popped above the NYMO at 1.2069. Expecting it to stay above this level and reach for the Weekly Open at 1.2097.
GBPUSD
D1
-
Liquidity
Above 1.4010
Below 1.3825 -
Key Levels
Bearish – FVG High 1.4141
Bullish – OB 1.3687 -
Bias – Bullish
H1
-
Key Levels
Bearish – RB 1.3925
Bullish – NYMO 1.3881 … next Weekly Open 1.3876 … next OB 1.3766
Weekly … Price has basically moved sideways for a couple months. There is a very nice liquidity draw above 1.4000, which is what I will be targeting this week. A move into this area could see price expand rapidly and also reach for the Weekly and Monthly Rejection Blocks above 1.4180.
Daily … Looking for price to move higher on the GBPUSD today. The EURGBP looks to be moving down away from a nearby Bearish OB which is going to be bullish for the GBPUSD. Looking for a retrace to the NYMO at 1.3881 and then a move to take out yesterday’s high at 1.3930.
2021/04/27 Recap
DXY – Flat day. The dollar did drop down to the Weekly Open at 90.87 but found support and moved higher to close at the days open price for a second day of consolidation.
EURUSD – Slightly bullish day. Price stayed above the NYMO at 1.2069 and consolidated between this level and the Weekly Open at 1.2097 as expected.
GBPUSD – Bullish day. Price did indeed move higher yesterday. We did not get the retrace back to the NYMO as price moved higher and found resistance at the Hourly Rejection Block of 1.3925.
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2021/04/28
DXY
D1
-
Liquidity
Above 91.40
Below 90.65 -
Key Levels
Bearish – OB 91.11 … next 2-Week Prior low 91.49
Bullish – Imbalance High 90.36 -
Bias – Bullish
H1
-
Key Levels
Bearish – OB 91.11 (Daily) … next 2-Week Prior low 91.49 (Weekly)
Bullish – NYMO 91.00 … next Weekly Open 90.87
Weekly … We have seen three consecutive weeks of strong downward moves. I am expecting that trend to continue this week. Price could retrace up to the 2-Week Prior Low at 91.49 first and then move lower. I am targeting 89.00 on the downside. No, not likely going to happen this week, but this level is a big draw on price and will frame bullish trades on the EURUSD and GBPUSD for the week.
Daily … Big move up in early trading today. Price found resistance at the Bearish Daily OB of 91.11 and moved back to the NYMO. Price could go either way today. After hitting that Daily OB, I would expect price to drop and move down for the rest of the week as we mentioned in the weekly forecast. However, the NYMO at 91.00 is acting as very strong support right now. Soooo … until price breaks in one direction or the other, I will be on the sidelines watching.
EURUSD
D1
-
Liquidity
Above 1.2110
Below 1.1995 -
Key Levels
Bearish – OB 1.2151
Bullish – OB 1.2037 … next 2-Week Prior High 1.1995 -
Bias – Bearish
H1
-
Key Levels
Bearish – NYMO 1.2076 … next Weekly Open 1.2097
Bullish – OB 1.2037 (Daily) … next OB 1.1982
Weekly … Still mirroring the Dollar, price on the EURUSD has seen three strong weeks of bullish price movement. I am expecting that to continue this week. On the Weekly level, there is a liquidity draw above 1.2240. That is within reach this week. Price could first dip down to the 2-Week Prior at 1.1995 but does not need to and has not done this the past couple weeks.
Daily … Until the Dollar decides what it wants to do, I will not be trading. With that said, price on the EURUSD looks very heavy today. On the Hourly chart, there is liquidity building below 1.2055 and the NYMO at 1.2076 is holding strong as resistance. Could very easily see price move lower and reach for the Bullish Daily OB at 1.2037.
GBPUSD
D1
-
Liquidity
Above 1.4010
Below 1.3825 -
Key Levels
Bearish – FVG High 1.4141
Bullish – OB 1.3687 -
Bias – Bearish
H1
-
Key Levels
Bearish – NYMO 1.3875 AND Weekly Open 1.3876 … next RB 1.3925
Bullish – OB 1.3766
Weekly … Price has basically moved sideways for a couple months. There is a very nice liquidity draw above 1.4000, which is what I will be targeting this week. A move into this area could see price expand rapidly and also reach for the Weekly and Monthly Rejection Blocks above 1.4180.
Daily … Price has already moved lower on the day, but still within the consolidation range that it has been moving this week. That range is from about 1.3855 to 1.3925. There is liquidity building on both sides too. Today, price could stay in consolidation OR we could see a big move to the downside. The EURGBP is moving higher today, which would drive the GBPUSD lower.
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2021/04/028 Recap
DXY – Bearish day. As I mentioned, price looked heavy and it did indeed drop. But I also mentioned I was unsure and price could go either way so I was on the sidelines. Price did move down prior to FOMC and then the announcement drove it even lower.
EURUSD – Bullish day. The NYMO acted well as resistance for most of the day until finally giving way, allowing price to move up to the Weekly Open and the retrace back down prior to FOMC which then sent price higher, reaching all the way up to the Daily Bearish OB at 1.2151.
GBPUSD – Bullish day. From the time of posting the forecast, price moved right up to the Hourly Rejection Block at 1.3925, retraced down and hit and Hourly OB (not on chart) at 1.3889, then FOMC sent it higher into this mornings trading.
2021/04/29
DXY
D1
-
Liquidity
Above 91.10
Below 89.70 -
Key Levels
Bearish – 2-Day Prior Low 90.81 … next OB 91.11
Bullish – Imbalance High 90.36 -
Bias – Bullish
H1
-
Key Levels
Bearish – 2-Day Prior Low 90.81 (Daily) & OB 90.81 … next OB 91.11 (Daily)
Bullish – NYMO 90.60 … next Imbalance High 90.36 (Daily)
Daily … Looking for the Dollar to rebound today and move up to the 2-Day Prior low at 90.81 before continuing to the downside. There is also a Bearish Hourly OB at this level. Looking for a retrace back to the NYMO at 90.60 which also has an Hourly Bullish OB before the move higher.
EURUSD
D1
-
Liquidity
Above 1.2240
Below 1.2060 -
Key Levels
Bearish – OB 1.2151
Bullish – 2-Day Prior High 1.1093 … next OB 1.2037 -
Bias – Bearish
H1
-
Key Levels
Bearish – NYMO 1.2126 & OB … OB 1.2151 (hit this morning)
Bullish – Weekly Open 1.2097 & 2-Day Prior High 1.2093 … next OB 1.2037 (Daily)
Daily … With the Dollar rebounding, will be looking for the EURUSD to drop today. Looking for a retrace up to the NYMO at 1.2126 which is also an Hourly OB and then targeting at least the 2-Day Prior High at 1.2093.
GBPUSD
D1
-
Liquidity
Above 1.4010
Below 1.3825 -
Key Levels
Bearish – FVG High 1.4141
Bullish – OB 1.3687 -
Bias – Bearish
H1
-
Key Levels
Bearish – MB 1.4098
Bullish – NYMO 1.3945 … next OB 1.3916
Daily … Right now, the GBPUSD looks like it could consolidate again. With the Dollar moving higher, the EURUSD moving lower and the EURGBP moving lower, that would lead us to believe the GBPUSD will move sideways. We could see price drop down to the Hourly OB at 1.3916 which is the upper end of this weeks consolidation range. A move down to this area could make for a nice entry before price moves higher and starts reaching for the Daily FVG above 1.4020.
do you ever consider seasonal tendencies for the dxy data to use in your over all bias?
@pezza55 … absolutely I use seasonal tendencies in my analysis. It does not make or break decisions but definitely helps influence them. April’s was perfect with the tendency to be bearish. We will see if we get the usually reversal in early May followed by consolidation.