The dollar has completed a prior volume imbalance fill at 97.853 and is now trading against the lower boundary of the daily range.
Participation is low, consistent with late-December conditions. In this environment, daily closes matter more than intraday movement.
Key level: 98.030
This is the prior daily range low.
A daily close below 98.030 shifts the daily bias bearish
Without that close, downside pressure remains internal to the range
The move into imbalance without expansion suggests position resolution, not trend initiation. This is typical of year-end exposure reduction, rather than new macro positioning.
Cross-market context:
Gold is pressing into a double-high area without expansion.
Bonds are showing loss of momentum at the front end.
Risk assets remain supported but lack acceleration.
If structure breaks, the next natural downside references sit at 97.469 and 97.179.
Until a close confirms, this remains a confirmation environment, not a forecasting one.
Participation is low, consistent with late-December conditions. In this environment, daily closes matter more than intraday movement.
Key level: 98.030
This is the prior daily range low.
A daily close below 98.030 shifts the daily bias bearish
Without that close, downside pressure remains internal to the range
The move into imbalance without expansion suggests position resolution, not trend initiation. This is typical of year-end exposure reduction, rather than new macro positioning.
Cross-market context:
Gold is pressing into a double-high area without expansion.
Bonds are showing loss of momentum at the front end.
Risk assets remain supported but lack acceleration.
If structure breaks, the next natural downside references sit at 97.469 and 97.179.
Until a close confirms, this remains a confirmation environment, not a forecasting one.
Daniel Fadeley — Trader & Coach | Founder of CORE5 Tradecraft™
Data-driven strategies connecting market structure, volume flow, and real economic drivers.
Institutional Logic. Modern Technology. Real Freedom.
Data-driven strategies connecting market structure, volume flow, and real economic drivers.
Institutional Logic. Modern Technology. Real Freedom.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Daniel Fadeley — Trader & Coach | Founder of CORE5 Tradecraft™
Data-driven strategies connecting market structure, volume flow, and real economic drivers.
Institutional Logic. Modern Technology. Real Freedom.
Data-driven strategies connecting market structure, volume flow, and real economic drivers.
Institutional Logic. Modern Technology. Real Freedom.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.