ALERT
French government no confidence vote to be held on Wednesday.,,, EURUSD backs off its high on the headline
EURUSD 4 HOUR CHART – 1.05 remains pivotal
Bounce back above 1.05 has cooled the French political fallout for now but would need to take out 1.0538 to cool the downside momentum.
Otherwise, 1.05 will clearly dictate the tone going forwards.
Key event risk: French government no confidence vote to be held on Wednesday.
USDCHF 8885
what is next ? tia
Tesla – TSLA
Tesla Jumps 3.5% to 18-Month High as Analysts Eye $411 Target
Tesla Upgraded to Buy by Roth MKM, Sees Demand Boost From Trump Support
Hey Idris – welcome mate !
Check out in Trading Club – Discussion Boards – you can ask any question there, but if you have something of your own to participate, post here in forum.
US500 4 HOUR CHART – SLOW CLIMB
The slow paced climb to new record highs would normally make me wary of an up the escalator down the elevator risk.
However, it would take a sharp move through 6000 to negate the upside risk.
Opendoor Technologies Inc. – OPEN
Failed to reach even 2.55 ( previous high on Aug, 26. 2024.) and now it looks very vulnerable.
Unless it gets picked up at around 2.00 it might be destined to reach as low as 1.30
Nvidia – NVDA
Technically it is still correcting after hitting the new historical high 7 days ago.
To be able to attempt even higher in a short period of time, support at 128.50 must hold it’s ground.
If not, 115.00 and 108.00 are waiting to be tested.
Current downside risk stays intact as long as 1.0537 is not broken.
Only 1.0545-50+ shiftS the risk back to 1.06.
1.05 will clearly dictate the tone going forwards.
Key event risk” French government no confidence vote sometime this week.
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SOLUSD – Solana
Still in a correction phase – first good support comes at 195.00
Next stop if supports lost is at 155.00
XAUUSD 4 HOUR CHART – Consolidating
Not dipping far enough to suggest anything more than a minor retracement.
To suggest anything more than that, 2600-20 would need to be broken.,
Otherwise, just consolidation with support As long as 2620 holds.
ETHUSD – Ethereum
Hesitant just below the long time ( since 2021.) downtrend line at 3.855.00.
Support comes at 3.510.00
USDJPY 4 HOUR CHART = Bearish below 150
In a sell mode as long as it stays below 150.
Back above 150.74 (distant) would end the risk.
Support starts at 149.07 (Monday low), 148.80-95 and then a void below it.,
GameStop Corporation – GME
GME couldn’t break in the upper half of the Uptrend channel for now.
Supports are at : 25.70 , 24.55 & 22.75
NIO Inc.
Failed at 4.61 once again…
If goes below 4.30, targets 4.00
SF, that would imply either or a sharply lower GBPUSD or a little of both…. Freench politics is the wild card
I see some conditions that point toward EurGbp pulling up toward 8400 in coming days.
GROY is a good cheap stock near or under 1.25.
XRPUSD
High today – 2.87590
Doubled in 5 days 😀