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[Belgrade Bobby]

USDJPY 4h

Supports at :  158.950 , 158.500 & 158.000

Resistances at : 160.000 , 160.250 & 163.800

I can only say it is going for 160.000 – BOJ or no BOJ…

[GVI Forex 2]

US stocks opening lowwr… fweighed down by Nividia

[GVI Forex 2]

S%P Market PMI beats on upside, knee jerk reaction to what in other times was ignored in favor of the more importnt iSM PMI.

[GVI Forex 2]

FWIW commodity currencies have woken up and now mixed to down a touch on the day.

[GVI Forex 2]

AT TRading alerts

AT Trading Alerts are what the term says, alerts presented in read time by The Amazing Trader algo in the form of trades indicating a potential change in direction off the high or low for today.’

It is then left up to the trader to decide whether it is a trade they choose to follow (we show a way to evaluate an alert).

Which ones of the 12 alerts today would you have followed

 

 

Visit The Amazing Trader and email jay@theamazingtrader.com for current promotions

[GVI Forex 2]

While the news headlines are about a firmer USD, net changes have been small with the biuggest so far the other eay, NZDUSD =0.21%, AUDUSD +0.16%

[GVI Forex 2]

USDX WEEKLY CHART – EURUSD PROXY (57.5% OF THE INDEX)

 

 

USDX weekly is up 3 weeks in a row, which is a good proxy for the directional risk in the EURUSD.

Key resistance levels, as the chart shows, are still above the market.

Note outliers are the commodity currencies (CAD, AUD, NZD)

USDJPY tested 159+ but with caution given the threat of intervention or stepped up warnings of such.

[GVI Forex 2]

GBPUSD DAILY CHART – TESTING 100 DAY MVA

 

 

GBPUSD failure to recover 1.27+ and break of 1.2680 leaves little on charts until around 1.25.

In the absence of nearby support, expect the most recent low to act as a key level.

Otherwise, downside is exposed as long as it trades below 1.2680-00, stronger if it stays below 1,.2650.

ALSO, watch the 100 day mva (yellow) has been tested and 200 day mav (blue) below it.

[Belgrade Bobby]

EURUSD 4h

Friday – can be a mess , can be lame…

Resistances at : 1.07050 , 1.07250 & 1.07400

Supports at : 1.06650 , 1.06550 & 1.06450

If supports taken out, next stop 1.05850

Pattern wise – another leg down.

[GVI Forex 2]

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

Nvidia, the Nasdaq and the S&P500 got dizzy at record highs on Thursday as world markets start to take stock of a bumper 2024 as we near the half-year point next week – but with the dollar (.DXY), opens new tab back on the march regardless.

Morning Bid: Nvidia gets vertigo, dollar builds

[GVI Forex 2]

EURUSD DAILY CHART – .KEY SUPPORT

 

 

EURUSD hit by PMI misses on the downside and came close but held aboce key 1.0666 support.

As you can see by the chart, major levels lie below it at 1.0649 and 1.0600.

To ease the risk, 1.0700-05 would need to be renewed.

[Mtl JP]

Bloomberg

“Le Pen’s Rise Sets Up French Debt Market for Years of Pain”

IMO reasonable synopsis of alleged fears and drivers of the repricing.
and good background to plot one’s trading

[Mtl JP]

Friday
–
the rate cut confidence reinforcing incoming data theme will continue to be all the market has ears and eyes for again today,

Allegedly, US economy is hot. So hot that it is hard to find a hotter economy. So today’s PMI release will likely be traded with rate enthusiasts in mind.

EURO 1.0685
– Major support on the line at 1.0667 (check out the daily chart)

DLRYEN 158.85 – BoJ and MoF for their own internal reasons, just don’t appear to get their sh!t together as players keep the carry trade alive.

Weakness in both these puppies is currently adding up to DLRx bouts of strength (curr 105.40)

[GVI Forex 2]

USDCAD 4 HOUR CHART – CAD THE TOP PERFORMER

 

The CAD is the only majot up vs the dollar today, suggesting some cross flow order is behind the buying –

take yout pick

CADCHF, CADJPY, GBPCAD,

Otherwise, same chart I posted earlier with key support at 1.3662-80 needing tio hold to check the downside.

[GVI Forex 2]

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[Belgrade Bobby]

BTCUSD
Bitcoin’s days below $70K are numbered as traders cite BTC’s swing low as the bottom
I see it at 55K…

Let’s see who’s gonna be right.

[Belgrade Bobby]

NVDA
Nvidia’s stock turns sharply lower with a $230 billion swing in market cap
Nvidia Corp.’s run as the largest U.S. company by market capitalization is on track to get clipped after just a day, with shares of the chip giant reversing sharply lower in Thursday afternoon action.

[Belgrade Bobby]

GME – GameStop Corp

GME: GameStop Stock Down 63% from Frothy Highs Last Month. Is Meme Trading Fading?

Roaring Kitty can only do so much — his PR stunts and screenshots took degen traders on a wild ride that ended where it started. Now, many are left holding the bag.

·         GameStop shares in bad place.

·         Flurry of events batters traders.

·         CEO Ryan Cohen to cut costs.

GameStop Corp  GME stock has lost close to 16% this week following its annual shareholder meeting, where CEO Ryan Cohen emphasized a strategic pivot towards profitability through cost reduction.

Cohen also emphasized the need to avoid the “hype” associated with the meme-stock frenzy.

[Belgrade Bobby]

NASDAQ 100 Daily

Supports at  19.680.00, 19.365.0

Resistances at  20.100.00 & 20.265.00

After two weeks of almost vertical climb , today we saw first the new high and then e a decent bounce of the that high.

As long as it holds above 19.365.00 it can continue to push for more .

[GVI Forex 2]

GBPUSD 4 HOUR CHART – PAUSES ABOVE SUPPORT

 

 

It still amazes me how uncanny The Amazing Traders can be with its chart levels and this chart shows the 1.2756 level what I posted much earlier.

Note how GBPUSD paused above 1.2656 and after a period of going sideways, has given up and staged a bounce.

The Amazing Trader

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