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[Mtl JP]

SF I concur. Feb high has good odds of being tested BUT
I d bee needing to see spreads or rates go higher to see the puppy go beyond that
so conditionl and subject to incoming data at that time

[GVI Forex 2]

EURUSD 15 Minute Chart

Look at this chart and then Click on the following to see Why I love Repeat Trades

And then scroll down to see my earlier EURUSD updates

[SF Monedge]

JP – I’m thinking 105 due to slight deterioration of risk appetite across markets.  Commodities, stocks, Euro, even Usd a pinch.  Looks like if 104 survives Monday its 105ish.

[GVI Forex 2]

EURUSD bounced off 1.0831 a second time.

[Belgrade Knez]

Bobby 3:16 pm

Like! 🙂

 

[GVI Forex 2]

NAS100 DAILY CHART

When looking at CFDs, remember that different brokers quote different symbols (e.g. NDX00 vs NAS00) and even with the same symbols there can be different price feeds between brokers,

So, look at the chart pattern on this chart rather than the price level as the red line needs to hold after another high yesterday to give a whiff that the retreat could turn into a deeper retracement.
‘

[Belgrade Bobby]

EURUSD Today

Resistance at 1.08400

Supports – Targets at 1.07950 and 1.07600

Needs to take out 1.08100 to continue slide

[Mtl JP]

Dlrx 103.91

U raise a Q there SF: dlrx to 102 OR 105 first ?

[Mtl JP]

Euro 1.0826
1,08 Sup loofks tuff
–
still a bunch gumflappers today

[SF Monedge]

DXY should be in sell mode rest of day I believe

[GVI Forex 2]

Look at my chart posted at March 22, 2024, at 10:17 am and note how EURUSD held a test of 1.0831 (first tests are usually best ones to trade IMHO)

[GVI Forex 2]

USDJPY 30 MIN CHART

Lower US bond yields as the day starts in a risk-off mood giving the JOY a boost.

Chart levels are clear with 150.85-151.01 support and offered bias if it stayts below 151.25.

[GVI Forex 2]

EURGBP DAILY CHART – TRENDLIUNE TESTED

EURGBP tested its trendline at .8602, holding and taking some pressure off GBPUSD for now

Key res is at .8620.

Breakout above .8577 makes this first support that needs to hold to keep .8600 in play

Note, markets have pushed up expectations of a BOE rate cut to June, which has weighed on GBP

[GVI Forex 2]

EURUSD DAILY CHART – 209 day mva

I show the 200-day mva at 1.0838 and more of a flattish line

For EURUSD traders, look at a firmer EURGBP, offsets are so far helping to keep EURUSD above 1.0795-00

[wfakhoury Amman]

EURUSD

Into Sell Mood now 10818
10800 confirmed will be reached .

[wfakhoury Amman]

GBPUSD
Into Sell mood.
12573 confirmed will be reached .Now 12595
_____________________________________________
12573 Reached

[Mtl JP]

magic 1.08
–
sorry bud, no such thing in FX

1.08 (+/- a few pips) = 200day

rather than magic, it is elementary

[wfakhoury Amman]

GBPUSD
Into Sell mood.
12573 confirmed will be reached .Now 12595

[GVI Forex 2]

EURUSD 4 HOUR CHART – Magic level a focus]

The failure to test 1.0945 has seen EURUSD retreat in line with a firmer USD.

The key chart support, as I noted yesterday, is 1.0795 but the magic 1.08 level is probably equally important as it will dictate the tone going forward.

On the upside back above the broken 1.0831, at a minimum, would be needed to ease the risk to 1.08.

No data from the US today.

[GVI Forex 2]

GBUSD DAILY CHART – Bailey turns dovish

The old trading adage that it’s the reaction to news more than the news itself that matters held true in the GBPUSD as it took another leg down after dovish comments from BOE Bailey in an FT article. Price moves (note firmer EURGBP as well) underscore how interest rate cut expectations are driving these markets.

I had to go to the daily chart to find potential support levels on the downside, So far, an AT support at 1.2578 is holding, below it there is one level ahead of the pivotal 1.25.

Hard to chase after a big move but it trades soft below the lower end of intra-day resistance is at 1.2645-75,.

Take a look at the 2 blue AT lines on the daily chart, the failure to test the 2nd line, and how the risk turned to the downside.

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