[GVI Forex 2]

#1 on my checkl;ist is to look at my platform, which I use as a heat map,  to get a feel for currency flows. What caught my eye today is weaker USDJPY (firmer JPY), weaker EUR and GBP. When two currencies move in opposite directions vs the USD it generally indicates some real money flows.

[michael Calif]

Nov 14 repost:   Euro futures are controlled by Buyers    :Option Profile gtwo3

[Belgrade Bobby]

EURUSD Daily

End of the Day View

After trying to fly above 1.06 pair returned to the Bearish position.

Resistances : 1.05550 , 1.06100 & 1.06550

Supports : 1.05050 , 1.04900 & 1.04350

Downtrend strong and intact – but any further hesitation above 1.05 should be taken seriously.

[GVI Forex 2]

New article in our blog

Unlike retail or day traders, large funds or “real money” traders do not have the luxury of being able to turn positions quickly. While I am not privy to how they trade, especially since each follow its own strategy, logic says that they focus more on longer term than shorter term charts.

For this reason, I pay attention to what longer term charts show even though I do not trade in those time frames. I am most interested in any levels that would change the trend or technical picture,

How to Trade the Current EURUSD Trend

[Mtl JP]

EURO 1.0505 / 1.0510

sitting at one of four basics defining humans:
eat, sing, dance and screw

determine which is at the dynamic hierchical pinnacle and you ll get half of the next directional odds

[SF Monedge]

Ok I survived my near miss in EurJpy from yesterday and am now interested in the buy side 163.25.  There is too much geo risk for it not to pull back at least once.

[Mtl JP]

EURO 1.0515
gunning for 1.05 (alleged human psychological pricepoint)

allegedly on one side are those who dont want to see it trade
and on the other side are those wanting to screw the “defenders'”
and run the puppy to approx 1.0450

old saw says spoils go to the victor

[Belgrade Bobby]

EURUSD 15 min – Update

As expected this morning, pair almost reached the resistance at 1.05700 ( 1.05679 ) and was rejected – Downtrend continues.

Supports : 1.05100 , 1.04950 & 1.04400

Resistances : 1.05300, 1.05400 & 1.05550

[GVI Forex 2]

EURUSD so far holding 1.0523 but only 1,0550+ would neutralize the risk

[GVI Forex 2]

Kwey EURUSD i this week’s low at 1.0523.

Trading algo gAve a good diredtional signal.

As I posted earlier, watch US stocks as the risk indicator

[michael Calif]

Longs remain in control of Euro, Yen, and 10yr futures; that dynamic will not change for some while    :Option Profile gtwo3

[GVI Forex 2]

EURUSSD 15 MINUTE CHART

While 1.0550 remains pivotal, notice how 1.0569 AT ewsistance capped the upside.

This is the key level while it trades above 1.0550…. limits the upside unless broken

Today’s range 1.0542-1.0609

[Belgrade Bobby]

EURUSD 15 min

Supports : 1.05550, 1.05500 & 1.05450

Resistances : 1.05600, 1.05650 & 1.05700

As long as above 1.05500 it will push Up – it is limited and what we are waiting for is a confirmation of Downtrend continuation.

It is more of time – space question than higher levels that can be reached.

[GVI Forex 2]

Looking at EURUS battle 1.0550, it’s time to revisit this popular article in our blog

In the world of electronic forex trading where an increasing volume is generated by automated programs, it is amazing that psychological or emotional levels still have a significant impact. It may be that my mind acts as an algo but whatever the case there are pivotal forex trading levels that I use that are as relevant today as they were when I first started trading. One of these is the “50”level.

My Favorite Trading Secret: The Power of the “50” Level

[GVI Forex 2]

EURUSD 1 HOUR CHART – No follow through

How many times have we seen this story?

EURUSD finally ran stops above 1.06 only to find no followthrough on the initial break higher.
‘
For an outside day, 1.0523 would need to be broken.

Otherwise, the magic 1.0550 is back in play as the bias setting level.

[GVI Forex 2]

The first item on my checklist when I start the day is to look at bond yields,

So far today UK yields up the most after UK CPI (touch higher than expected), US (note USDJPY correlation with firmer US yields) and German yields up the least (note EURUSD down after failure to hold 1.06+ and weaker EURGBP)

10 Year bond yield snapshot

[GVI Forex 2]

With EURUSD bouncing from 1.05, USDJPY focued on 155 , USDCAD moving below 1.40 and AUDUSD above .65, all pivotal levels, this article in our blog is worth revisiting.

In the world of electronic and automated trading programs, it still amazes me that psychological levels are still a factor.

The Magic Levels Trading Pattern

[GVI Forex 2]

EURUSD 4 HOUR CHART – Watch 1.06

Can it get any clearer after stops run above 1.06?

Above 1.06, strong bid targeting 1.0663

Below 1.06 cools the risk

[SF Monedge]

Good thing I am maneuverable and skilled at hedging because that EurJpy kept going lol.  It is going back down but I have this little concern called Nvidia.  It is very possible there is another shock surprise and markets go on a tear and Euro goes up with it.  And it seems the fools who are toying with nuclear war are scrambling to fix their mistake and lightening the geo risk a bit.  Can’t be perfect all the time.  Still up 150 points since Sunday night but should be 225.

[SF Monedge]

Hedge on EurJpy sell from 38 lifted here at 65 profitable so lets see if it (EurJpy) rolls over….