Contact us

[Mtl JP]

GVI 9:18 “Traders can use client sentiment to either follow the trend or take a contrarian stance.”
–
with what confidence level would a trader either follow IG’s clients trend or take a contrarian stance ?

[Belgrade Bobby]

USDJPY Week Ahead

Intervention or no intervention – that is the question !

If we just ignore it, this is what it is right now :

Support at 150.500 – has to Hold for move Up

Resistance at 152.000

In my opinion, this is the perfect set up for targeting 155.000

I don’t trade opinions…even my own – but I see it only Up as it is.

[GVI Forex 2]

Client Sentiment shows the percentage of IG client accounts with positions in this market that are currently either long or short. If the majority sentiment is long a given market, then those clients expect the price to rise; if the sentiment is short, then they expect it to fall.

Traders can use client sentiment to either follow the trend or take a contrarian stance.

*All data is taken at 10:00pm ET on the Wednesday prior to send date

[Belgrade Bobby]

Time to trash the EUR 😀

[Mtl JP]

March 31
Bulgaria and Romania join the Schengen area of the European Eunion.

[Masha]

Happy Easter! Our Global-view team wishes you a joyful Easter filled with love and happiness!

[GVI Forex 2]

USDX DAILY CHART

WITH EUR 57.6% OF USDX IT PAYS TO KEEP AN EYE ON THIS CHART AS A SEMI PROXY FOR THE EURUSD

kEY LEVEL ON THE CHART IS JUST ABOVE 1.05, MAKING THIS THE PIVOTAL AREA GOING FORWARD.

[GVI Forex 2]

BTC 4-HOUR CHart

Let’s look at BTC as it trades over the weekend.

The consolidation range is clear as shown on the chart

70000 continues to be a focal point and will ultimately set the tone with its record high looming above.

Below 68335 would be needed to postpone the risk.

[SF Monedge]

Re TFT and others like it – Had a millennial friend who treated it like a video game.  Can’t trade but thinks he can, bitcoin will erase the US Dollar by end of 2030, little ears for professionals who have been around a while, won’t shut up about it.  Message to novices out there…this isn’t a game.  Use your head a bit better and it might turn out ok.

[GVI Forex 2]

Another Prop Firm Collapse! – The Funded Trader Shuts Down.

Rumors have been swirling through the prop industry for weeks the TFT has been in trouble. N ow it seems that another one has shut down.

See this video explaining the situation and more from Lux Trading Firm (if the video shuts off because of the forum refresh, click on it again and move the video to the spot you left off). It is worth viewing.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – New record high

XAUUSD is now trading uncharted territory where there is a void on the upside. This makes the most recent high the closest key resistance.

On the downside, expect support as long as 2200 holds, stronger if 2222 becomes support.

[Mtl JP]

powell
–
bottom line: not seeing cut soon; economy running strong

it looks like jerome is going to be looking at incoming labor numbers

[GVI Forex 2]

USDJPY 4 hour chart – Intervention of not?

Range is very clear 151.00-151.97 but next week is a new ball game.

There seems no compelling reason to intervene as verbal intervention has so far cooled threat but noit negated the threat to 152 and higher.

If they are serious about squeezing the USDJPY longs, then breaks of 151.00/0/trendline/150.26 (and 150.00) would be needed.

[GVI Forex 2]

WASHINGTON, March 29 (Reuters) – The latest U.S. inflation data is “along the lines of what we would like to see,” Federal Reserve Chair Jerome Powell said on Friday in comments that appeared to keep the central bank’s baseline for interest rate cuts this year intact.

US February inflation data ‘along the lines’ of what Fed wants, Powell says

[SF Monedge]

My belief is the data supports the Fed sitting tight where they are on rates still.  And so depending on what transpires over the next 60 days they may not cut in June.

[GVI Forex 2]

No surprises in PCE data. USD moves down a touch, little incentive to push too hard but be wary, the market is not liquid.

3 hours until Powell. Most will pack it in after the data.

[Belgrade Bobby]

EURUSD 4h

Make your own conclusions, but if it stays another 15 min above 1.07900…it will try Up

[Belgrade Knez]

I have a feeling that market is going to react for 5min to the red data release and that’s it for the day ….. which way? seems depend on the news outcome

[GVI Forex 2]

EURGBP 30 Minute Chart

If you are looking for the flow behind the EURUSD bounce (after pausing above 1.0760 support) and a dip in GBPUSD< look no further than this EURGBP chart and a reversal of the earlier dip..

Currently testig .8556 *resistance and trendime_– hoLding so faR

 

[GVI Forex 2]

JP, I was referring to the data, not Fedspeak.

I doubt if he would change his tune but it would be a surporise.

[Author]

Posts