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[GVI Forex 2]

June 25 (Reuters) – A look at the day ahead in Asian markets.

The wave of profit-taking in U.S. Big Tech and AI stocks appears to be gathering momentum, which could depress investor sentiment and risk appetite in Asia on Tuesday even if it is offset by a rotation into cheaper, beaten down sectors.

 

Morning Bid: Tech that – Nvidia slump sours market mood

[michael Calif]

wow, nearby BTC futures found a trading low under 60000 today    :Option Profile

[Belgrade Bobby]

EURUSD Weekly

I’ve seen in my 30+ years career crazier things then EUR breaking Up straight from here, and flying to levels like 1.13 and above…

But – BUT – it is going to look soooo elegant and logical when it breaks 1.06500 and dive all the way to 1.01…0.96….and more

Option or no Option 😀

 

[Belgrade Bobby]

BTCUSD Weekly

A sneak peek from my trading station – as you can see -55/56K separates BTC from diving all the way to 45K and even 35K .

This is NOT a currency , but a commodity of a kind…people are just hot on it for no good reason, so they are buying it…well every fool has his Joy…

[Belgrade Bobby]

BTC – I said it and I’ll say it again – 56K and then we’ll talk

[Belgrade Bobby]

Nvidia NVDA

Support at 115.85 & 106.95

As I said previously , for Nvidia to continue/stay strong , it has to find footing above 106.95 .

Lots of speculation going on around about the fate of Nvidia stock, but this looks like a savage profit taking, and not some big fundamental change.

[GVI Forex 2]

BTC -7%, closing below 60k

Scroll down to see chart

[GVI Forex 2]

Nividia — down another 6%

[GVI Forex 2]

USDX DAILY CHART – EURUSD PROXY (57.6% of the index)

 

 

The move back to 105.50 after a failed breakout puts it back in neutral.

For the EURUSD bounce off of 1.0667 to be anything more than a correction, USDX would need to take out 105.14

[GVI Forex 2]

NAS100 DAILY CHART – Key level cited

 

 

Retreat from 20k+ is still just a retracement that would need to break the red AT line (18970 in this CFD chart) to force more longs to exit.

Otherwise, it is sort of a no man’s land between 19-20k as the market is showing some cooling after the massive run to the upside.

[michael Calif]

June 1 repost:   significant move down BTC futures likely began yesterday May 31    :Option Profile

[GVI Forex 2]

BTC Daily chart – 60,000 under attack

 

 

BTC bulls will only give up the fight with legs dragging and kicking out of long positions.

This runs contrary tp what charts are showing, which is momentum tilted to the downside.

Thea level to watch is 60,000 as a firm break would put the major support (see chart) on the radar. A break of this level would end thoughts or should I say hope and prayer of testing the record high.

Back above 63,303 and then 65,000 would be needed to neutralize the risk.

[SF Monedge]

Thank you for the update Dr. Bobby.

[Belgrade Bobby]

EURUSD 4h

Supports :  1.07150 , 1.07050 & 1.06950

This patient looks kind of…well, terminal…it is how it looks like…don’t jump on me for giving my opinion 😀

I am not saying supports won’t hold…God forbid….it is just my Second Opinion.

[michael Calif]

bigger picture, buy and hold EURUSD support until …   :Option Profile

[SF Monedge]

Most metrics outside of what most look to are overwhelmingly on the sell side of AudUsd.

[GVI Forex 2]

EURUSD 1.0726

High was 1.0746 vs 1.0748 GVI/Amazing  Trader resistance

GVI Forex 1

EURUSD bulls 0

[GVI Forex 2]

EURUSD 1.0726

High was 1.0746 vs 1.0748 GVI red

GVI Forex 1

EURUSD bulls 0

[SF Monedge]

UsdJpy has basically become a Meme Pair

[SF Monedge]

I came to the conclusion months ago that UsdJpy had become nothing but a speculators vs Boj  game.  Almost no legitimate economics, metrics, legitimate market flows, import/export of consequence mattered.  This has been nothing but a boxing match once price entered the 153 area.  Eventually the BOJ is going to get angry and they will absolutely make a wasteland of UsdJpy through multiple interventions to the point the one’s having fun won’t want to come back and play anymore and will be insolvent or having to explain to the board how they lost $4bil.

[Author]

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