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[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

[Mtl JP]

COOK yakked short while ago

Reuters
Fed’s Cook: More cuts likely appropriate as disinflation expected to continue
U.S. inflation continues to ease, with wages and the job market cooling and excess price increases largely confined to housing,…

fwiw

[GVI Forex 2]

I gave the clue earlier

November 20, 2024 at 10:47

No US data today… focus on stocks to set the risk tone

[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

[SF Monedge]

Aussie 6490 looks enticing if you are ok testing/catching a falling knife.

[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]

The only news I have seen is geopolitical…out earlier

Source: Newsquawk.com

[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

[SF Monedge]

I watch a batch of certain stocks as an added gauge and they are still being bought even with that pre market sell volume spike related to geo issues.  So in the broader picture stocks are still a buy.  Today perhaps not so much.  I have one penny stock not in that batch (OPEN) which is a good one for longer term if you have not much money to work with.  Another (TELL) is also good.  Long term.

[SF Monedge]

Stocks are a buy despite this sell wave of pre market that just hit.

[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]

What’s the Trading Algo showing?

Click on the chart to see all time frames and other markets

[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]

GBPUSD 15 min

Supports : 1.26600 , 1.26550 & 1.26400

Resistances : 1.26700 , 1.26800 & 1.26900

Holding above 1.26550 is needed for any additional move Up.

Once lost, road will be open for 1.26350

[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]

M

[GVI Forex 2]

NEWSQUAWK US OPEN

Positive risk tone sees equities gain, DXY bid & Gilts underperform post-CPI, NVDA due
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

Equities are entirely in the green as sentiment improves; NVDA earnings due after-hours.

Dollar is back on a firmer footing, JPY underperforms and gives back the prior day’s haven-induced strength.

Bonds are on the backfoot, and with clear underperformance in Gilts after the region’s hotter than expected CPI figures.

Crude is incrementally firmer, XAU edges lower and base metals benefit from the risk tone.

Try Newsquawk for 7 Days Free

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