This week’s price action across major financial markets hints at an interesting shift in momentum. Here’s what we’re seeing:
DXY (Dollar Index) – Bullish Reversal in Sight
The Dollar Index (DXY) has rejected a key weekly support level with a significant long tail. This kind of price action typically signals strong buying interest and a potential bullish run in the coming weeks. With the DXY shifting bullish, we expect ripple effects across the crypto and forex markets.
Crypto Market – Altcoins Could Outperform BTC
Bitcoin (BTC) remains bullish and is expected to climb higher in the short term. However, most altcoins are currently showing stronger potential for gains and may outperform BTC as market confidence increases.
If you’re an active crypto trader, this could be a good time to focus more on quality altcoins as they enter breakout zones. This doesn’t imply you should HODL altcoins for long. We recommend selling on weakness in the bullish trend or a higher timeframe bearish shift of structure.
BTC remains king, and if you’re risk-averse, just stick to the digital gold.
Indices (US30, US100, US500) – Bullish Momentum Returns
The major stock indices have regained bullish momentum. Their recovery has historically been a leading indicator for USD strength and investor risk appetite. With US100 and US500 pushing higher, this strengthens our bullish bias on the USD. Major US stocks are also returning bullish.
USDJPY – A Fresh Bullish Shift
USDJPY has also flipped bullish. We will look for long opportunities on retracements, especially on the 1-hour and 4-hour timeframes.
Gold, GBPUSD, EURUSD – Prepare for Shorts
Gold, GBPUSD, and EURUSD are currently showing signs of downward momentum. We’ll be taking short positions at swing highs on the higher timeframes (H4, Daily) and watching closely for breakdown confirmations.
Our Current Positioning
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Long: USDJPY, selected Altcoins
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Short: Gold, GBPUSD, EURUSD
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Watching: Bitcoin (bullish but cautious)
Your Take?
Do you agree with this week’s analysis?
Drop your thoughts in the comments and let us know your top picks for the week!
We were wrong with our April 14th to 20th market outlook, where we entered a short position on Bitcoin and Ripple. However, we were right on Gold hitting $3500, and a GBPUSD long position.
Remember: Trading is a game of patience, not prediction. Focus on high-probability setups and protect your capital.
Stay disciplined and profitable this week!
Stay tuned to 9jaCashFlow’s YouTube & Telegram channels for more insights and updates on emerging crypto opportunities.
Let’s keep winning! 
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