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[GVI Forex 2]

US500 4 HOUR CHART – WAITING FOR NVIDIA ON WED

Record high (5673 on this CFD chart) still looms above (not shown on this chart) with the move up so far failing shy of it.

Does this lead to a retracement or just a consolidation range?

Watch 5600 as this could be the bias setting level.

[GVI Forex 2]

BTC 4 HOUR CHART

Failure to break above 65K leaves 2 options

55K-65K range where 60K acts like a magnet and sets the tone

Break of 55K to setup a run at the sub-50K low.

Let’s assume 55K-65K as long as the bottom end holds.

[Belgrade Bobby]

Nvidia – NVDA

NVIDIA Corporation will report earnings on Wednesday after market close, which may influence market sentiment. Analysts worry about weak results that could negatively impact the semiconductor sector.

China’s export limits on germanium and gallium are affecting NVIDIA’s ability to meet rising Al chip demand, possibly leading to higher prices for NVIDIA and its customers to maintain profit margins.

[GVI Forex 2]

AUDUSD 4 HOUR CHART – CPI ALERT

NEWSQUAWK PREVIEW AUSTRALIAN CPI (WED):

NEWSQUAWK WEEKLY OUTLOOK SHOWS A FORECAST FOR A DROP IN CPI WITH ONE BANK CALLING FOR A BIGGER DROP THAN THE CONSENSUS.

THIS MAY OFFER AN OPPORTUNITY FOR A TRADE – SEE SUPPORTS BELOW

ON THE UPSIDE A FIRM BREAK OF .6800 WOULD LEAVE A VOID OF ABOUT 100 PIPS UNTIL THE NEXT TARGET.

[GVI Forex 2]

EURUSD 1.1182 after a 1.1150 2-day double bottom

There is a method to my madness

More Power of 50 – Click below

[Belgrade Bobby]

EURUSD Daily

Supports : 1.11500 , 1.11350 & 1.11150

Resistances : 1.12000 , 1.12750 & 1.13350

Difference between Cable and EUR is that Cable moves more and violently , while EUR tends to have some lame and sideways corrections – but the correction is Due.

However , if it breaks above 1.12000 and establishes a footing , we might be seeing 1.14650 quite quickly.

[SF Monedge]

JP – August 27, 2024 at 5:41 pm – I blew it all on sushi.  Lets go with Jay’s power of 50 now.  UsdJpy 144.50 next.

[Mtl JP]

SF 4:11 – curtesy Henley and Partners

Worldwide Crypto Wealth Statistics

indicates that the number of crypto millionaires doubled y/y

et tu … FX trader ?

[Belgrade Bobby]

GBPUSD Daily

Supports : 1.32250, 1.31800 & 1.31600

Resistances : 1.32500, 1.32850 , 1.33100 & Target at 1.33600

Cable reached about 600 pips in this straight forward Rally, and now it is anybody’s guess when the 200-250 pips correction might start.

Long term traders might start taking profit at these levels, as possible extra gains are not worth a risk right now.

For us Intraday traders , there isn’t a problem – just follow the small waves 😀

[Mtl JP]

kudos brother!

[SF Monedge]

143.95.  Hello Mrs. Watanabe.

[Mtl JP]

magic of 50

sometimes most of the time, on appraoch, when price does not go past 50 by more than 9 pips and stays there in the next 10 minutes, odds are high that 50 will have held

[Mtl JP]

DLRx 100.48

lets see … the magic of 50

[Mtl JP]

euro 1.1180

going after Pivot R1

[SF Monedge]

Michael – August 27, 2024 at 1:53 pm — Looks like 1200 first.

[SF Monedge]

I have noticed that guest commentators on any given financial media who comment on crypto currencies all have nose rings and piercings.

[SF Monedge]

UsdJpy 146.95 is a significant price magnet.  As long as the market is trading under it one should favor the sell side on positions.  Above it the strength is on the buy side.  It will take a while to get there so for now it is 145.25 and 143.50 as key price levels.

[GVI Forex 2]

When in doubt keep an eye on the “50” level (see my earlier post) —

USDCAD low today: 1.3451

[Mtl JP]

lets see … that woul be waiting from
around 144.35

[SF Monedge]

Post Eu fix I am eyeing 143.95 UsdJpy.  I’m waiting for you Mrs. Watanabe.

[Author]

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