Contact us

[Belgrade Bobby]

USDCHF Daily

My Magical ( and historical at the same time ) Trend Lines proved right….once again.

So nuff of self patting myself – here are the levels we are looking at :

Supports : 0.88250 , 0.87300 , 0.86350 &  0.85600

Resistances : 0.88950 , 0.89450 , 0.89750 & 0.90000

As long as we stay Above 0.85600, USDCHF will have a chance to reach higher then 0.92 , even as high as 0.94800 & 0.96850 .

[Belgrade Bobby]

USDJPY Daily

At the time when I said that 162.00 would be a logical point where BoJ would intervene ( if at all ) , most were probably thinking that I lost it…

160.00 was a mythical level and we were jumping between 152 and 156.

So what do we have here now – well, The Double Top – market doesn’t need BoJ to understand what it means.

But do not trash USDJPY just like that – there are so many levels to be taken out, before we can even dream of Bearish USDJPY….

I have drawn Fibo levels on this chart, just to show you how far the simple correction can go.

If it stops falling short of 50% retracement, next thing you know we’ll be looking at levels around 175.00

So many fundamental things are happening right now, and there is no way to predict what’s gonna happen in the near future, not to mention several years from now, but I am not convinced that USDJPY Rally is over, yet. Time will tell….

[GVI Forex 2]

All US stock indices, including Ruessell are down…

[Mtl JP]

going … going …

Biden shares conditions for possible withdraw from US presidential elections
“in an interview with CBS News, has stated that he might withdraw from this year’s presidential election due to health issues”

“If there had some medical condition that emerged, if the doctors came to me and said you got this problem, that problem,” – joe

[Mtl JP]

aussie dead in water

[GVI Forex 2]

Unverified and unconfirmed reports via social media (so take it with a grain if salt) that China’s Xi had suffered a stroke.

[Mtl JP]

FED yakkers on deck
–
09:00 – barkin on econ + q&a
09:35 – waller on econ outlook

13:00 – janet peddles 13 bio of 20yr paper
14:00 – FED s beige book

[Mtl JP]

EURO 1.0934 & “PAUSES”
–
technically euro is in bull trend.
intially and carefully euro is a BoD to low 1.09 / high 1.088x

gain over 1.095 should open up 1.10/1.11

[Mtl JP]

EURO 1.0933 (hOd 1.0945ish)

lets see if NY players start to game trump’s earlier tarrif comments specifically aimed at the EU

never a dull moments when politics and politicians go wild

[GVI Forex 2]

Pauses below EURUSD 1.0950 and GBPUSD 1.3050, AUDUSD brief blip above .6750 and USDCAD pause above 1.3650 means it is time to revisit

My Favorite Trading Secret: The Power of the 50 Level

[Mtl JP]

GVI 10:36 / trump trade /
–
1) trump is only a presidential candidate sofar
2) his yakking about the dollar and powell is just that: yakking. no solution offered.

DLRx 103.39-ish is portending more downside for the dlr unless puppy regains 104

[GVI Forex 2]

XAUUSD DAILY CHART – ONLY 3 LEVELS MATTER

With gold setting record highs, l3 levels matter

2482 =- new high set todau

1400 = obvious major big figure target

2450 = breakout level, bid on dips while above it, below it would cool the fever a tocuh

[GVI Forex 2]

EURUSD WEEKLY CHART – 1.0981 on the radar?

Except for the opening year high at 1.1044, EURUSD has been in a tight 1.0600-1.0981 range.

So you can see why 1.0981 is important, exposed while above 1.0920 and also blocks 1.10.

Looking ahead, if 1.09, which has traded 5 days in a row,  does not trade tomorrow it would send a bullish sign.

Note the 2023 range was less than 10 big figs, the high being 1.1272

[GVI Forex 2]

What is the Truno Trade

Read my post July 17, 2024 at 5:39 am

[GVI Forex 2]

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

The dramatic switch to U.S. small cap stocks over the past week went into overdrive on Tuesday as interest rate cut and election fever combine, but world markets more broadly are getting nervy of the prospect of Donald Trump’s return to the White House.

In a series of interviews around this week’s Republican convention, Trump set out several of his policy priorities around tax cuts, tariff rises and foreign policy.

Morning Bid: Small caps soar in catch-up rotation, Trump jars Taiwan

[Mtl JP]

GOLD 2474 (2482 H)

it is amazing that metal can fly
almost like alchemistry, defying gravity law.
but degenerate traders do not care why

[GVI Forex 2]

GBPUSD WEEKLY CHART – 1.30 BREACHED

I had to go to a weekly chart to show the next key level at 1.3141.

In fact, this chart has not changed so it was easy to post the same levels I have been showing:

1,2893 break exposed 1.3141 as the next target.

Now, needs to hold above 1.30 to keep a strong bid targeting 1.3141, Below 1.30 would cool the risk.

Catalyst: UK CPI

[GVI Forex 2]

NAS100 DAILY – tech sell-off

NAS led by a tech sell-off as rortation into the Russell 2000 continues. As this chart shows, the trendline and 19460 are key levels on the downside.

20K is the obvious psycholigical level.

[GVI Forex 2]

USDJPY DAILY – INTERVENTION?

Signs point to intervention that now needs a break of 155.70 to put to rest thoguhts of the upside although 155 may be most important dictating whetjer there is more to go.

On the upside, trades offered while below 157.14 but in anyc ase, upside is limited as long as it stays below 158.

[Belgrade Bobby]

EURUSD 4h

Resistance at 1.09500 & 1.09800

Support at : 1.09200 & 1.09000

If 1.09500 holds, we are going back to lower part of the channel.

Break of 1.09500 leads straight to Important 1.09800 – that separates us from levels around 1.11

[Author]

Posts