EURUSD testing the 1.0720-25 area, should it be firmly broken there is a void on daily charts until 1.0648 and 1.0600
EURUSD DAILY CHART – FOLLOW UP
This is a follow up to The Amazing Trader chart I posted earlier.
So far 1.0723 is hokding but at a minimum the 1.0750 level would need to be renewed to postpone the riusk.
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Risk off but FX fcus is on a weaker EURUSD… so far held around the 1.07223 level
Gold holding gains, BTC goit smacked
Problem is … – FOMC is not a Problem.
Problem is one’s attitude seeing a Problem instead of Opportunity
A look at the day ahead in U.S. and global markets by Amanda Cooper.
To anyone watching the stock market over the last year, it would seem the letters “AI” are akin to a magic wand that will pump up the share price of any company involved in it.
Morning Bid: Apple’s AI push and the trouble with Europe
EURUSD 1h
I am going to try to explain :
That line above the head that it couldn’t go over this morning is the very same trend line that was resistance, should have held …but didn’t.
So we are back to square one, going for 1.07100.
Problem is FOMC and all the possible outcomes and expectations – it all depends on pre positioning.
look at EUR crosses for a clue… a further dip in EURGBP is creating a tug-of-war between EURUSD and GBPUSD
Knez, it is trying to form a bottom and to try Up on 4h. Depends on how the market wants to wait for FOMC
EURUSD DAILY CHART – WILL GAP GET FILLED?
One way of looking at the gap is that as long as it stays above 1.0520-25, there is a risk the gao could get filled.
This should get resolved either way sometime tomoirrow when US CPI and FOMC meeting are key events.
USDJPY DAIL CHART – FOLLOW UP
Following up on last night’s post where I said said 157.50+ would increase BoJ risk (see chart)
EU is clearly short on all tf, but weekly opening gap need to be filled at some point….just wondering when!?!?
EURUSD 4h
Support 1.07500
Resistance 1.07700
USDJPY 4 HOUR CHART –BoJ?
The risk of the BoJ increases shoukd USDJPY trade abice 157.50, at least that is probably the market’s assumptiom.
On the downside, expect support as long as it trades above 156.50.
Resistance 1.07800 & 1.08200
Support 1.07350 & 1.07100
EUR is trying to fill the gap from early morning.
XAUUSD Gold Daily
Gold Moves Higher Midafternoon Even as Dollar Rises Ahead of This Week’s Fed Meeting
Resistance 2325.00 & 2365.00
Support 2275.00 & 2260.00
GME GameStop Corp (NYSE)
Gloomy outlook for near future..
Last line of defence is at 21.80
In contrast to stocks and Euro squeaking up volume metrics in stocks are decidedly negative.
Optimum offer area for me is 19930 NQ.
NQ r/r is decent for the offer approaching 19200