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[GVI Forex 2]

US30 4 HOUR CHART

[GVI Forex 2]

EURUSD 4 HOUR CHART

TO MAKE A CASE THAT EURUSD IS BID IN AN OFFERED MARKET IT WOULD NEED TO BREAK BELOW 1.0680 AND TRADE BACK TO 1.0650.

A BREAK 1.0638 WOULD BE NEEDED TO END THIS UP EPISODE.

[GVI Forex 2]

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

Ailing Tesla shares (TSLA.O), opens new tab caught a rare 10% break overnight despite the electric auto giant’s quarterly revenue miss, underscoring a better market mood as Meta (META.O), opens new tab steps up to the earnings dock later and U.S. business activity cools in April.

Morning Bid: Tesla catches break, Meta next; TikTok countdown

[Belgrade Bobby]

EURUSD Daily

Yesterday we have seen a strong move Up , driven by the data .

Resistance at 1.06700 was taken out ( now acts as a support ) , and we have closed the day Above the sharp downtrend Resistance line.

There are no important data today , so we’ll see if this move can be sustained .

If it does, we’ll have two consecutive Closed bars above the downtrend resistance line, and that would signal a change of trend.

However, if close will be bellow 1.06500 , it would be a perfect Sell signal and run at 1.05500 would be inevitable.

Supports at  1.06800, 1.06700 , 1.06500 & 1.06250

Resistances at 1.07250 , 1.07700 & 1.08250 Continue reading...

[GVI Forex 2]

NQ outperforms, benefiting from gains in TSLA, USD firmer & AUD bid post-CPI, Bonds at lows

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know
European bourses are mostly firmer; NQ outperforms, propped up by gains in Tech names – TSLA +10.5% pre-market, TXN +7.3%

Dollar is firmer, AUD benefits from the risk tone and on hotter Aussie CPI, USD/JPY printed a high of 154.96

USTs are pressured, giving back some of the PMI-induced gains; Bunds follow suit and eye YTD lows

Crude and XAU are subdued by Dollar strength, base metals remain resilient

Try Newsquawk for 7 Days Free

[wfakhoury Amman]

How to trade at the consolidation level
2323 is a consolidation within the range 2317-2323.
as my signal below 2317 will go to 2303 above it will reach 2323.

[GVI Forex 2]

German IFO just reported

See our Economic Caldndar for details

[wfakhoury Amman]

Consolidation is used in technical analysis to describe the movement of a price within a well-defined range of trading levels. Consolidation generally means the price will hit a defined level several times.
As mentioned yesterday, 2328.

[Mtl JP]

Dollar is on the move

IF dlrchf breakout from its 9110-9120 consolidation is any indication

[GVI Forex 2]

WFakhoury —

Can you explain what you mean by a consolidation level and how you use it for your trading.

[GVI Forex 2]

USDJPY MONTHLY CHART

Let’s try something different by looking at a monthly chart with USDJPY extending its high to within 3 pips of 155.

The pattern that stands out is higher lows/higher highs each month this year. For any intervention to have a hope of stemming the tide, this pattern would need to be broken.

It is hard to remember a stalemate or should I say a pressure cooker like this,,, which will be put to the test on Friday (if not before) when the BoJ meets and Japanese and US inflation data come out… See full previews and detailed analysis

[wfakhoury Amman]

April 24, 2024 at 8:09 am
wfakhoury Amman
GOLD
Time to sell
2303 has been confirmed and will be reached. then at 2281.
Any rise above 2328 will return to it.
Also, 2323 is a consolidation level.
____________________________
2323 still active as a consolidation level and will be reached from the 2317 area.

[GVI Forex 2]

XAUUSD 1 HOUR CHART

[GVI Forex 2]

AUDJPY 4 HOUR CHART – TRYING FOR A BREAKOUT

AUDUSD OUTPERFORMING AFTER CPI DATA WHILE USDJPY REMAINS POISED JUST BELOW 155 DESPITE MARKET ON INTERVENTION WATCH

AS FOR THIS CROSS, THE KEY LEVEL IS 100.80, SO FAR ONLY BRIEFLY TRADING ABOVE AND NEEDING TO BECOME SUPPORT TO BUILD MOMENTUM INTO UNCHARTERED WATERS (I.E. NO CLEAR RESISTANCE OTHER THAN THE MOST RECENT HIGH = 101.01 SET EARLIER).

[wfakhoury Amman]

GOLD
Time to sell
2303 confirmed and will be reached. then at 2281.
any rise above 2328 will return to it.
also 2323 is a consolidation level.

[GVI Forex 2]

SYDNEY, April 24 (Reuters) – Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year.

Australia Q1 inflation slowdown disappoints, rate cut bets gone

[GVI Forex 2]

Economic advisers close to former President Donald Trump are actively debating ways to devalue the U.S. dollar if he’s elected to a second term — a dramatic move that could boost U.S. exports but also reignite inflation and threaten the dollar’s position as the world’s dominant currency.

Trump trade advisers plot dollar devaluation

[Mtl JP]

GVI 11:07 / sounds like a good time for a real-life experiment using your 5:59 post’s tactic:
go flat into the release, evaluate the reaction and maybe
– go with it or
— fade it

***
IF I had interest in trading the release I might activate my OCO robot and gnaw at my fingers I survive any dealer widening of spreads, holding off on a fill or price ying-yanging forward n back and maybe try to take out my sl, sometime in the red.

[GVI Forex 2]

 CLICK FOR A DETAILED AUSSIE CPI PREVIEW

[GVI Forex 2]

AUDUSD 4 HOUR CHART – CPI LOOMS

AUDUSD staging a nice rally that would need to get through .6493  (tested) and .6500 to put .6543-53 on the radar.

A test comes in a few hours when AUST CPI comes out… see our Economic Calendar

[Author]

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