[GVI Forex 2]

EURUSD 4 HOUR CHART – 7 DAYS IN A ROW

Having failed to test 1.0539 (high 1.0534), EURUSD has extended its trade around 1.05 to 6 days in a now.’

The longer this pattern goes on the greater the risk of a directional move once it is broken.

Supports are at 1.0474 and 1.0453 but 1,0450 may be most important in keeping the focus on 1.05 and away from 1.,0425 and below.

[michael Calif]

daily charts.    gann Sq of 4 (Time Vibration) still confirms a Euro Low; buying any and all dips.    @gtwo3

[SF Monedge]

Euro should be setting up for another pump and dump in coming hours.

[GVI Forex 2]

EURJPY DAILY CHART  Trendline Alert

GBPJPY remains the flavor of the day but EURJPY getting another lift as well and testing its KEY DAILY TRENDLINE

[GVI Forex 2]

NEWSQUAWK US OPEN

US Market Open: Tepid risk tone weighs on European indices, DXY flat ahead of US PMIs

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market

4 Things You Need to Know

European bourses are mostly lower; US futures are modestly in the green.

DXY is flat, and GBP strengthens post-PMI while the JPY lags a touch.

EGBs softer with OATs underperforming slightly post-Moody’s downgrade, PMIs in focus.

Crude slips amid a tepid risk tone, metals largely contained.

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[GVI Forex 2]

FWIW EURUSD is back to 1.05

[GVI Forex 2]

Using my platform as a heatmap shows modest moves so far with GBP and CHF (odd bedfellows) outperforming, EURUSD showing little change, and USDJPY up a touch while  JPY is weaker on crosses.

[GVI Forex 2]

EURUSD 1 HOUR CHART – 1;05 PATTERN EXTENDED

1.05, which traded Tuesday-Friday last week, has been extended to 5 days in a row on Monday. Range is limited while this pattern continues but the longer it goes on the greater the risk of a directional move once it is broken.

This is similar to the recent USDJPY pattern around 150 and you can see what happened after that pattern was broken,

In the meantime, there is a double top at 1.0524 ahead of resistance at 1.0531-39.

On the downside, 1.0480 blocks last week’s 1.0453 low.

nOTE, THE 2 PILLARS OF EURUSD SUPPORT WERE EURGBP AND EURJPY. EURGBP is weaker today so more of a weight on EURUSD than support. EURJPY is still trading with a bid.

[michael Calif]

Nov 14 repost.   daily charts.    Law of Time remains Long Euro futures; buying any and all dips.    Option Profile gtwo3

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.05050 , 1.05150 & 1.05400

Supports : 1.04500, 1.04250 & 1.03850

It will test down again on Monday – if makes it below 1.04500 there is space all the way till 1.03300

 

[GVI Forex 2]

GBPUSD DAILY CHART – GBP Under Fire

GBP remains under fire vs. EUR, pressures GBP{USD

A firm freak of 1.2617 would leaves little until the major 1.2467

[GVI Forex 2]

EURUSD 1.0492…. Using Crosses to Trade Spot FX 101

[GVI Forex 2]

Deja vu (see prior post)

EURUSD 1.0500 last

EUR crosses topped out, EURUSD lost its uber its bid

[GVI Forex 2]

Simple algebras

EURJPY = USDJPY X EURUSD

USDJPY stalls on upside, only way for EURJPY to move higher is then via a firmer EURUSD

EURGBP = EURUSD/GBPUSD

GBPUSD stalls on downside, only way for EURJPY to move higher is via a firmer EURUSD

EURUSD LAST AT 1.0518 (FIRMER)… BUT STILL BELOW THE 1.0530-40 RESISTANCE… TEST FOR EURUSD WILL BE WHETHER IT CAN KEEP A BID ONCE ITS DROSSES TOP OUT…. A test it failed yesterday in a similar situation

[GVI Forex 2]

NEWSQUAWK US OPEN

Risk sentiment improves with havens on the backfoot, DXY around 107.00

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses and US futures are generally firmer with specifics light, diverging from soft APAC trade; AVGO +15%.

DXY trades around 107.00, GBP hit by soft GDP, JPY lags.

Fixed benchmarks in the red post-ECB and ahead of a blockbuster week.

Commodities contained, focus remains on geopols after Russian strikes on Ukrainian infrastructure and Blinken comments.

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[GVI Forex 2]

Guess which one is the path of least resistance?

With USDJPY and EURUSD both up, the former outpacing the latter out of a firmer EURJPY, it is a good time to revisit this article

Jay Meisler’s Common Sense Trading: How You Can Identify the Path of Least Resistance?

[GVI Forex 2]

EURJPY DAILY CHART- Who’s driving the bus?

When you see 2 currencies move in opposite directions vs the USD you can assume there are real money flows driving the bus…. creating a tuug-of-war between USDJPY and EURUSD

This is the case today in EURJPY… key level is the daily trnedline (162.40)…watch shorter time frame charts f

[GVI Forex 2]

First thing I do when starting my day is to treat my platform as a heatmap to see where flows are going.

EURUSD steady as EUR up on key crosses (vs. GBP, JPY, CHF)

GBPUSD down – 2nd consecutive month of negative GDP

US bond yields steady but up sharply on the week… USDJPY and USDCHF up

[Belgrade Bobby]

EURUSD Daily

Supports : 1.04600, 1.04250 & 1.03950

Resistance : 1.05300 , 1.05950 & 1.06150

1.05350 Pivotal within rectangle

ECB Cut – no real reaction.

[GVI Forex 2]

Nice trading as long as you did not overstay your welcome (EURUSD back above 1.05)

Remember we are coming into that time of year when traders will not be looking to take on risk and smart ones trading closer to the vest or day trading.

This will be especially true next week.