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[GVI Forex 2]

In our blog

Will currency rebalancing impact month and quarter end trading

[GVI Forex 2]

What is the Chicken Tax and how does it parallel with the tariff soap opera today?

[GVI Forex 2]

From the man on the street on Trump’s auto tariffs

What is the end game on auto tariffs?

[Dora]

Second trade –  EURUSD

[Dora]

And my two latest trades – I finished competition with it. Both “retest” signals.

[David Shepherd]

[David Shepherd]

[GVI Forex 2]

US500 4 HOUR = Ugly day for stocks

Break of 5597, if it holds, leaves just 5547 blocking the 5504 low.

Back above 5597-00 is needed to cool the risk.

Reminder, Monday is month/quarter end, often charterized by errati rebalancing flows.

 

[Belgrade Bobby]

DAX Index Closes Lower Amid German Labor Market Focus

Closes 0.96% Lower
Frankfurt’s DAX dropped 0.9% to close at 22,460 on Friday, marking its third straight session of declines and underperforming its European peers.

Local equities were in the red on Friday after latest data showed continued weakness in the German labor market, weighing on the already-cautious market sentiment due to US tariff concerns.

Technically, DAX went below channel trend line that indicates more losses on a horizon

Close below 22.400 would be very bearish sign and opens a way for 21.700

Resistances above the head: 22.600, 22.750 & 23.0150

[GVI Forex 2]

Friday profit-taking (EURUSD back below 1.0830, USDJPY above 150)… will see if month/quarter end rebalancing on Monday favors the USD as some banks predict… to suggest more than just book squaring EURUSD would need to move below 1.0820, currently support.

[GVI Forex 2]

USDCAD DIPS ON THIS HEADLINE

Try Newsquawk free for 7 days

[GVI Forex 2]

Bobby, point taken… 3rd test now will tell the tale.

FWIW Not looking at EURUSD short side as loNg as EURGBP stays bid

[Belgrade Bobby]

Yes Jay, I see it – for me it is just an intermediary level that might serve its purpose…

If 1.08300 slows EUR down today, but it closes tonight above 1.08150/200 we can have a decent run and attack at 1.08600 Monday.

However, if EUR goes straight away for it ( 1.08600) it can easily collapse on Monday…

That is my way of seeing it…

[GVI Forex 2]

Looks lie 1.0830 is too tough again.

[GVI Forex 2]

Bobby, high was 1,0831… keeps 1.0830ish as the key resistance blocking your 1.0860

[Belgrade Bobby]

EURUSD

And here we go – 1.08600 next resistance to watch.

If EUR manages to stay above 1.08150/200 till tonight’s close, this should be a start of a new Uptrend.

In case 1.08600 proves difficult to overcome on the first attempt, we might see another test of 1.07300

These are all possibilities and before we see how this day ends it is all just a speculation.

[GVI Forex 2]

Correlation:

As noted earlier, USDJPY was correlating with the risk on/off mood… now back to 150 as stocks sink, also weighed down by lower US bond yields as well.

[GVI Forex 2]

Divergence

US500 (down) and EURUSD (up) charts (15 min) look like a mirror (DAX also down) which doesn;t make sense if you believe tariff fallout may be contained.

With that said, EURUSD currently testing 1.0830, no stops on first test,

[Mtl JP]

GVI 2:09 I think that with such energetic price action as sofar 15 min candle maybe too big a hammer
IF one is into scalping style trade
risk is missing out trading exhaust / turn opp
just fwiw

[Topnine]

GOLD (XAU/USD) is currently at price 3086.87 at exactly 3pm here in Nigeria. From my speculation and Analysis Gold is soaring for a higher reach. I see it getting to price range 3096, at least . I have said it before and we all know that Gold is a Bulllish Metal so there is more bias of Gold buying than selling.

If Gold eventually sells (go bearish) it is usually Temporary before it resumes it former bullish position. Gold got to its highest point today at price 3086, and its lowest point was 3053.51

Let us keep an eye on this Metal as it moves swiftly in the market. Let’s all be guided by using a 1-5% Capital risk and a 1:2/3 risk/ reward ratio.
A word is enough for the wise.

Thanks,
TOPNINE.

[Author]

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