Contact us

[GVI Forex 2]

AUDUSD DAILY – STRUGGLING

DOWN 5 DAYS IN A ROW AFTER A FAILURE TO TAKE OUT .6800 AND BROKE A DAILY TRENDLINE AT .6698.

THIS SUGGESTS .6700 NEEDS TO BE RECOVERED TO NEUTRALIZE THE RETRACEMENT RISK.

[Mtl JP]

not immune

–

are you using cloud  instead of own server ?

[GVI Forex 2]

We were not immune from the cyrber issues and now back online.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

Volatility is resurfacing as a turbulent week for world markets and politics was met on Friday with a global tech outage that’s compounded a recoil in mega-cap shares, already hit by fears of new chipmaker curbs and underwhelming earnings guidance.
Morning Bid: Volatility resurfaces, tech outage rankles

[GVI Forex 2]

Update:

EURUSD low 1.0876
GBPUSD low 1.2901
XAUUSD low 2310

EURUSD high at .8432 is also an Amazing Trader resistance (last .8423)

[GVI Forex 2]

EURUSD 4 HOUR – DOWN BUT LAGGING

EURUSD key level 1.0871, below it would  confirm the end of this latest leg up.

Below 1.0860 would increase the risk of a further retracement.

Upside, limited while below 1.0895-00.

Note, EURUSD is lagging GBPUSD due to a firmer EURGBP>

[GVI Forex 2]

XAUUSD 4 HOUR CHART – DON’T IGNORE THE AMAZING TRADER

Look at the three falling Amazing Trader lines and you had a sign of a potential directional shift to the downside.

Trigger was a failure to hold the breakout above 2450, upside now limited while BELOW it.

Key support is 2401.

As I noted (scroll below), liquidating markets are a different animal and dependent on 2400 holding to keep this one in check.

[Belgrade Bobby]

EURUSD 4h

Resistances : 1.08850 , 1.09000 & 1.09150

Supports : 1.08700/750 , 1.08650 & 1.08450

1.08650 has to hold if EURUSD is to move Up again.

Below it, road is open for run to 1.08100

[GVI Forex 2]

GBPUSD 4 HOUR CHART – RETRACEMENT?

GBPUSD 1.2938 SUPPORT BROKEN, BELOW IT COIFIRMS END OF THE LATEST LEG UP.

1.2879 = 38.2%

STILL JUST A RETRACEMENT BUT FAILURE TO HOLD 1.30_ IS GLARING.

SCROLL DOWN AND SEE MY ARTICLE ON LIQUIDATING MARKETS

[GVI Forex 2]

Global Tech Outage Grounds Flights and Hits Businesses

Airlines, banks and broadcasters were among the companies around the world reporting disruptions, citing technical issues.

[SF Monedge]

Expecting Aussie 6670 zone to hold for 6750, would require significant developments to seriously compromise that.

[Belgrade Bobby]

NVDA: Nvidia Shares Wash Out Over $200 Billion in Terrible Day to Be a Chip Stock

·         Nvidia wipes out $200 billion.

·         Trump comments hurt chip stocks.

·         Little tech advances and big tech drops.

 

·         Nvidia  NVDA is turning into a rollercoaster stock getting notorious for outsize swings and whipsaw trading. The chip maker plunged 6.7% on Wednesday after jittery traders reeled out of the semiconductor sector on comments by Donald Trump who said that Taiwan — the world’s leading spot for chip manufacturing — should pay for its own defence. In addition, the Biden administration vowed to pursue new US export restrictions to China.

·         The stampede out of Nvidia erased more than $200 billion from its market cap, reminding investors just how dangerously volatile this beast of a public company is. Not long ago — at the end of June — Nvidia rattled markets with more than $500 billion washed out in a three-session stretch. Despite Wednesday’s slide showing how overstretched the rally is, shares of Nvidia are riding on nearly 150% in gains since the start of the year.

[GVI Forex 2]

EURUSD 4 HOUR CHART – TREND AT RISK

To confirm a high is in now and break the current uptrend, 1.0871 needs toi be firmly broken.

[GVI Forex 2]

It is time to revisit this article as today is a prime example of a liquidating market

What is a Liquidating Market and How to Trade It?

What is a Liquidating Market and How to Trade It?

[GVI Forex 2]

US 2000 (CFD)- Trump Trade Profit Taking?

Russell 2000 is down nearly 2%, which may be the result of some Trump Trade profit taking amid reports Biden may step down.

Note Amazing Trader   US2000  support at 2191 is so far holding

[GVI Forex 2]

Risk off =< USD up => EURUSD lagging but traded at 1.09 for the 6th day in a row.

Options profile 1
Market 0

Biggest loser is the JPY, 2nd is GBP

Post over 5 hours ago

July 18, 2024 at 1:09 pm#
michael Calif
PARTICIPANT

Euro futures have reversed to Short EURUSD :gtwo3

[SF Monedge]

Currency markets move in cycles.  At times conditions in the US session are with the grain.  Other times only counter cycle opportunities exist.  Of late it has been largely counter, with the in grain conditions arriving in Europe.  Don’t waste your time trying to get in at midnight.  Stick with your hours.

[GVI Forex 2]

Betting odds show a 64% chance of Biden dropping out of the race—up from about 33% at the start of Wednesday

I think odds will move even higher ahead of the weekend

How much if any will this impact the Trump Trade? At a minimum, it eases risk of a slam dunk.

[GVI Forex 2]

USDJPY 4 HOUR CHART – 2 Way Risk?

If the goal of the BoJ is to turn technicals against USDJPY it would NEED TO BREAK 155.11 (Thursday low 155.37).

In this regard, it has created a two-way risk but not fully turned technicals.

Now it needs to hold the trendline, which is just hovering overhead.

On the upside, 158.60-85 would likely be protected.

[GVI Forex 2]

Here is a question anyone interested in prop trading should be asking…

How Do I Know My Prop Trading Firm Will Stay in Business?

[Author]

Posts