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NAS100 4 HOUR CHART – RISK OFF
Stocks are down today and NAS100 is no exception.
As I noted, CFD, price feeds can vary between brokers even with the same symbols and with different symbols as well (NAS00 vs NDX100)
Look at your chart and line up the key line I highlighted on the downside as key support.
THIS IS THE QUESTION BEING ASKED AS XAUUSD (GOLD) CONTINUES ITS RELENTLESS CLIMB TO NEW HIGHS. SEE WHAT MIGHT COME NEXT IN THIS EXCLUSIVE BLOG ARTICLE
Just today Gold has hit it’s new record high of All Times – 2365.34 $ per Ounce.
In the past year, it has surged roughly 16%, and just in the past month 5.6%
USDCAD 4 HOUR CHART – BACK IN 1.35-1.36
As I have noted several times, moves outside 1.35-1.36 have lacked follow-through.
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This has been the case once again as USDCAD has followed the generally weaker USD after the reaction to a stringer US jobs report did not follow through.As the chart shows, the key focus is on 1.3550, which is not only the midpoint of 1.35-1.36 but also a powerful sentiment indicator,’
XAUUSD 1 HOUR CHART = UNCHARTERED WATERS
While the forex market treads water ahead of Wednesday’s US CPI report, XAUUSD has scored another record high, moving just above Friday’s high (2354) and again disappointing those trying to pick a top
As I noted yesterday, XAUUSD needed to hold above 2330 to keep the high at risk and the result has been a fresh run at the upside.
As I also noted, I had no interest in suggesting the high was in despite what looked like an exhaustion high on Friday. .
With that said, the new high is the only key resistance on a chart and 2350 becomes pivotal in setting the day tone. Only a move below 2336 would suggest the potential for a pause.
WITH USDJPY HOVERING JUST BELOW 151.97 IT IS WORTH READING THIS BLOG ARTICLE AS IT IS STILL VALID
Trader Alert: Would I Intervene in USDJPY If I Was in I was in the BoJ’s Shoes?
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