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Analysis of the Michigan Consumer Sentiment Index (JULY)

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  • Analysis of the Michigan Consumer Sentiment Index (JULY)

    We have the Michigan Consumer Sentiment Index in just under an hour.

    There is a wide area of playroom for this data between the 90 and the 110 area. We have seen over the past 1-2 weeks medium to good USD data come out. Keeping a point that today is Friday so this is either going to be a mover or a nothing. I'll be keeping a close eye on the data release and how the market reacts to steady my dollar position trading for the coming weeks.



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  • #2
    DXY less than 15 mins till the event.

    - M30 shows more upside momentum but with there is a risk of this trend structure being broken on the data release (if the data is volatile)
    - On the H1 we have achieved the buys trap area. Could see some upside risk for a "liquidity grab"
    - H4 is floating above the RDH (Range Daily High)

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