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[GVI Forex 2]

SINGAPORE, July 14 (Reuters) – Saturday’s shooting at U.S. former President Donald Trump’s election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday.

Trump-victory trades to swell after shooting, investors say

[michael Calif]

next tradeable Low BTC futures will be after August 2nd    :gtwo3

[GVI Forex 2]

Week Ahead 15th-19th July: Highlights include US & UK Retail Sales, Japan, NZ, UK and Canada inflation, and the ECB Policy Announcement

Newsquawk Week Ahead 15th-19th July

[GVI Forex 2]

I have not mentioned the assasination attempt on ex-President Trump as it will not have any market impact.

One of the reasons Global-View has worked so well over its 28+ years as a community is that given our diverse membership and visitors we only post political news to the extent it might affect trading,

[GVI Forex 2]

BTC WEEKLY CHART – ONLY A RETRACEMENT?

Using 38431 => 73810, 61.8% = 51946 vs. the low at 53521 … See our Fibonacci calculator

For the bull side then, a case can be made that the 15000+ pip drop is still within the realm of a retracement given the pause above the 61.8% level.

On the upside, 63819+ would be needed to confirm a bottom and shift the focus back to 65000.

In any case, the failure to hold below 56483 shifts the focus back to 60000, which will dictate whether this rebound has legs but unless the low is taken out, there are no key stops left to run on the downside.

As I have noted, I prefer to look at pivotal big figures in BTC. In this regard, 55K, 60K and 65K are the current levels to watch.

 

 

 

[GVI Forex 2]

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[GVI Forex 2]

Most of us do not trade based on weekly charts but they are a good starting point to see a clearer picture of what side is most at risk and the stronger side to trade, potential targets and whether there are any levels that would change the trend.

[GVI Forex 2]

XAUUSD WEEKLY – Upper end of its range

Remains within an 8 week 2277-2450 range, that has narrowed to 2350-2450 but maintains a bid if it stays aboive 2400.

Support is from 2350-86

[GVI Forex 2]

AUDUSD WEEKLY – AIMING FOR HIGHER?

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So far AUDUSD .6800 has so caused a pause but if solidly broken then .6897 would be targeted next.

ON THE DOWNSIDE, KEEPS A BID AS LONG AS IT STAYS ABOVE .6750

Aussie emplument report on Thursday

[GVI Forex 2]

USDJPY WEEKLY – BOJ TO THE RESCUE

2 bouts of apparent intervention suggest the top is in for now or longer (below 162).

On the upside, 158 is pivotal in setting the tone but in any case, expect it to be limited as long as it trades below 160.00-15.

On the downside, there is a 2-day intervention low double bottom at 157.41. If broken, talk will be for 155.

Japan CPI on Friday

[GVI Forex 2]

EURUSD WEEKLY – AIMING FOR 1.10?

Break of 1.0915 would target 1.0981 with 1.10 looming above.

Keeps a strong bid if 1.09 can become support, stays with a bid as long as 1,0850-60-70 holds on the downside.

ECB meeting on Thursday

[GVI Forex 2]

GBPUSD WEEKLY CHART – Approaching 1.30

CLEARLY AN OUTPERFORMER (NOTE EURGBP TESTING 2024 LOW)

TARGETING POTENTIALLY 1.3141 AS LONG AS IT STAYS ABOVE 1.2893

STRONGER RISK IF 1.30+ TRADES.

UK CPI on Wednesday, jobs report on Thursday, retail sales on Friday

[michael Calif]

IF  ..  USD rallies that presents another entry point for Long EURUSD

[SF Monedge]

Jay – further, it is why I often include notation of multiple instruments (neural network approach) to add perspective and hopefully be helpful.  After reverse engineering seemingly a thousand indicators in coding, producing my own unique codes (some of which were visually stunning and some ridiculous in the visual output) the final product ended up like a high frequency algorithm with a very simple display.  The original intent was to make it so simple to allocate upon you could do it when exhausted and unable to think with your usual clarity.

Bottom line is yes, like a magnet.  Big money has to revisit certain areas with extremely few exceptions.

[SF Monedge]

Jay – it is order based so yes.  There are occasional times it ends up being close to any number of indicators but absolutely not the same and extremely reliable.  It will coincide at times with a moving average point, other times a stochastic point, other times options orders, other times bollingers, on occasion volume profile, other times you name it.  But if you think you will manufacture by using those things you will not end up with the same result.  My best version was done on Esignal, which you have to pay a lot of money for.  Currently using a hybrid which is not as good but close enough.

[GVI Forex 2]

EURUSD DAILY CHART – How bid?

A bit if a disappointment as a break of a big figure is usually good for 20-35 pips. Instead it has been sideways watching paint dry afternoon.

Here’;s the story

Bid while above 1.0850

Stronger bid if above 1.09

If 1.0915 is firnly broken, then 1.0980 becomes a target

If 1.09 fails to hold, then it is 1.0850/60-1.0900-10

ECB meets next week

[GVI Forex 2]

Are you saying point of control is like a magnet level?

[GVI Forex 2]

Stocks taking off….needed a retracement to setup the fresh run higher

[SF Monedge]

Jay –

Point of control is where the more weighty transactions take place for any given instrument.  While there is no guarantee that those areas will be revisited in the fashion I noted earlier, but the probabilities are very strongly weighted they will.  That is due in part to the fact that large orders from large institutions/entities transact there.  This is based on decades of factors of input for analysis, with the result being solid in terms of probability.  One of the better forms of imagery I could compare it to is a volume profile.  Be advised, this is not a volume profile and you will not find it there.  But in some ways there are similarities.  Having it is step one.  Step two is application that actually works.  Requires dedication.

[GVI Forex 2]

Can you explain the term point of control.

[Author]

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