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[Belgrade Bobby]

Algorand/USD Coin – ALGOUSD

Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%

Pair met a previous high at 0.3290 and got sharply rejected.

Now eyes are fixed at 0.2030 – if proves to be a good support, we’ll see another attempt for high.

[SF Monedge]

I like the buy side of UsdChf here in the 8850 area although it is vital to bear in mind that may be against the grain of Geo oriented risk.

[SF Monedge]

The odds are favorable Euro does not last over the figure I believe.

[SF Monedge]

There are a tone of sell orders at 163 EurJpy and 163.50 and 164 from larger entities I can see through correlations in futures and options contracts.  If/when filled overshoot can happen and does not equate to failed entry, it becomes a matter patience.  Some substantial developments would be required for 163.50 to be blown out and if so the pair would likely be targeting 166.   If 165 trades it would be prudent to consider the likelihood the more significant flows have turned to the buy side.

I was a CTA this is part of how you do it.  Correlations count.

[SF Monedge]

Unfortunately we are right in the middle of Yen flows at present, so this is where you look for which bias might conclude first, unless you have the guts to make a choice in the middle of flows and are very sure you are accurate.

So DX is pulling up off of lower zone parameters and is poised to scorch higher – which increase the odds UsdJpy pulls up before it goes south.

Your choice.

[GVI Forex 2]

Looks like the USD short squeeze is over unless EURUSD can regain 1.05

On the other side the 1.0332 low is distant so the focus will be on the weekend gap, protected as long as it stays aboce 1.0450.

[SF Monedge]

If you are not already long pairs vs Yen, there are decent odds it plays out this way .. Yen futures drop toward 006450 where decent conditions would warrant the sell side of Yen pairs and/or  006520 which is decent for the buy side of Yen pairs.

That equates to 155.50 and 153.50 UsdJpy.  The power of 50 just happens to be in the mix this time and is not a constant.

[GVI Forex 2]

Yields down but stocks backing off and USD firming

Geopolitics:

[Belgrade Bobby]

Open – Opendoor Technologies Inc. 4H

If it overcomes 2.65 might Open a door for some serious moves….

 

[GVI Forex 2]

XAUUSD: SCROLL BELOW TO SEE THE fibos… LAST 2637 VS 50% AT 2629

[SF Monedge]

I made note a couple of weeks ago for those of us who do not have much funds to work with but like stocks, that I have been on the buy side of a very low priced AI stock named OPEN.  I just closed it at 2.18 if anyone was paying attention.

Will re-enter lower, may take a week or longer to get there.

Euro correlates well with some stock metrics and so I anticipate we should see 1.0550 at a minimum and more than likely 1.04 eventually.

[GVI Forex 2]

As I have noted many times, correlations work until they stop working. They give a clue in both cases.

This was the case just now when US 10-year yields slipped below 430% and the USD did not go down.

[Belgrade Bobby]

USDJPY Daily

Monedge – I Concur .

As long as it stays above 151.800 is has a chance to push through 157.400 and become very bullish again.

[SF Monedge]

The volume, advancing vs declining shares, and other metrics show buy flows dominant but not in strong fashion and so these and other conditions are indicating a limit to pre-Thanksgiving gains.  Overall the flows are still dominant buy side.

[SF Monedge]

In a neural perspective Euro has legs today against crosses that others do not.  So one of a few component showing Euro is getting real  flows.  It is very unlikely to last and so I am patiently waiting to add on the sell side and 162.50 or higher EurJpy would be a kind gesture by the market.

I like the sell side of EurUsd from 0528 as a first area to scale and will scale in higher if seen.  I think it requires something slightly abnormal to change the overall sell bias.

[SF Monedge]

For me UsdJpy is in a broader uptrend, is in a minor sell cycle withing that broader trend, and so I prefer the sell side still (although I was on the buy side last night in Asia from well below the figure and departed the trade nearing 154.50) this morning from 154.50 area.  I will most certainly be on the buy side on a good drop, and this activity represents the early stages of stabilization from below the figure.

[GVI Forex 2]

Keep an eye on US bond yields as FX has been correlating with the drop in yields.

 

[michael Calif]

Nov 20 repost:   Euro @ bear-trap Low; buying any and all dips    Option ZProfile gtwo3

[GVI Forex 2]

I was talking with JP last night as I call him The Master of Opening Week Gaps.

I asked him about the EURUSDD gap.

Hew said gaps almost eventually get filled but saw a risk to 1.0550 first.

1.0550- coinmcides wiuth the 1.0545-55 area I highlighted earler (scroll below).

Meanwhile EURUSD has broken above 1.05, see now if it can hold as that will dicate whether 1.0450 or 1.0550 is at risk.

[Belgrade Bobby]

EURUSD Daily

–          Big gap opening to the upper side

–          Sharp downtrend

Resistances : 1.05000 , 1.05150 & 1.05350

Supports : 1.04500 , 1.04200 & 1.03350

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