[GVI Forex 2]

BTC DAILY CHART – LAGGING BUT…

Since BTC trades over the weekend let’s see where the risk lies.

As I have noted many times, I look at round number levels like 60k, 65k, 70k

In this regard, if BTC can hold above 65K then the focus will turn to 70K

If not, then the choppy trade will continue.

So far, BTC has been lagging the move up in gold so see now if it tries to play catch-up.

[GVI Forex 2]

US 10-YEAR TREASURY – NON-CORRELATION DAY

Note the price of bonds is inverse to the yield. 10-year is currently at 4.418%, the high of the day (low for the bond price)

If the forex market was correlating with the yield in bonds it would be a different story today but such is not the case.

Yields up, USD down gold up. stocks mixed.

Note USD was up earlier with firmer yields but has since decoupled.

This chart is using The Amazing Trader and what amazes me, and I created the charting algo, is how it performs with any instrument your broker offers and in any time frame.

Visit The Amazing Trader and take a free trial

[michael Calif]

per Option Profile, Gold futures remain SELLER controlled from the Apr 12 TOP; new longs in the Silver futures burst toward $31 today are likely buying the top

[GVI Forex 2]

XAUUSD DAILY CHART – KEEP IT SIMPLE

Let’s keep it simple.

2430 is the major (record high) level (2417 has been nicked)

Strong bid while it trades above 2400 but anything other than a 2430 break would be a disappointment.

[GVI Forex 2]

USDCHF 4 HOUR CHART – WHY IS USDCHF BID?

‘
USDCHF is bucking the weaker USD trend elsewhere as can be seen by this straight line move off its low.

The significance of .9102 is that a break would confirm the end of the last leg down and open the door on the upside.

Why is USDCHF bid?

Scroll down and see the posts on CHF crosses.

[GVI Forex 2]

EURCHF WEEKLY CHART – DOES 1.00 LOOM?

I can’t believe I am even posting a EURCHF chart. I swore off even looking at it following the infamous SNB-inspired 2015 flash crash when it pulled support from this cross at 1.20.

EURCHF resistance at .9878 has been tested and its significance is that if firmly broken it would have the market talking about 1.00.

[SF Monedge]

We have almost surely reached the high of the day in Nasdaq put to call ratios in my estimate, which should likely be a part of what roughly caps stocks/EU.

[GVI Forex 2]

GBPCHF WEEKLY CHAART – LOOKING TO BREAKOUT?

I had to go to a weekly chart to put the current price action in perspective.

Clear uptrend

1.1575 is the top of a range that has held since Oct, 2922 so a najor level.

[GVI Forex 2]

GBPCHF 4 HOUR CHART –

GBPUSD is getting a boost out of firmer crosses, including EURGBP (weaker) and GBPCHF leading the pack.

 

[GVI Forex 2]

US YIELDS JUST POPPED, 10-YEAR AT 4.41% HIGH OF THE DAY

[SF Monedge]

In the spirit of risk management in a geo-politically charged environment and a few market conditions I liked the sell side of the EU a bit ago, just a Friday thing.  Hedged all over the place elsewhere.

[GVI Forex 2]

GBPUSD 4 HOUR CHART – 1.2700 TESTED AGAIN

GBPUSD has been a leader today and re-testing 1.27. The significance of this level is THAT BETOND IT there is a void of key resistance until above 1.28.

[GVI Forex 2]

See my May 17, 2024 at 1:37 pm

[GVI Forex 2]

STATE OF THE MARKETS

THERE WAS A MODEST REACTION TO A SHARPER DROP IN US lEADING iNDICATORS. i CAN’T REMEMBER THE LAST TIME ANYONE EVEN PAID NOTICED TO THIS DATA RELEASE.

[Mtl JP]

EURO 1.0855
IF I were a player I d be s/term biased N
—
10:15 – waller
12:15 – daly

[GVI Forex 2]

I POSTED THIS YESTERDAY AND IT IS LIKE A DEJA VU TODAY

FOR THOSE WHO MISSED THIS OR WERE TO REMIND YOURSELF, IT IS WORTH READING

This is a really good tip to keep in mind,… Look at THE price action so far in the US session

Actionable Forex Trading Strategy When to Fade a Correction

Actionable Forex Trading Strategy When to PORICE Fade a Correction

[Mtl JP]

Trading Secret Practical Opportunity:
DLRx 104.507

feel free to play

[Mtl JP]

US 10-YR 4.404% +0.027; DLRx 104.55
–
DLRs got bit of phillip but imo will need to climb N of 105 and sustain
Sup 104.15

—
psst … gamechager:
The Russian announcement of a massively massively crude deposit – around 511 billion barrels worth of oil, equating to around 10 times the North Sea’s output over the last 50 years – is going to unleach animal spirits and hinder ESG regardless of tree huggers screams

[GVI Forex 2]

EURUSD 15 Minute Chart -Directional Shift

Using the AT Ladder strategy, the pattern shown in this chart gave a buy entry signal at 1.0843.

Modest move so far but it did indicate a change in directional risk.off the low

Visit The Amazing Trader

[GVI Forex 2]

Monedge, give me a call when you have time

[Author]

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