[Belgrade Bobby]

EURUSD

Supports at 1.08000 and 1.07850

[Forex Cycle]

AUDUSD Bounces, But Can It Break the Downtrend?

AUDUSD has staged a comeback from its recent low of 0.6442, but faces a stiff challenge at the upper boundary of the falling price channel on the 4-hour chart. This resistance zone will determine whether the current rally is a mere blip in the downtrend or a sign of a potential trend reversal.

Upside Potential: Can the Rally Extend?

• 0.6624 Resistance in Sight: If the bulls manage to push the price above the price channel resistance, it could signal a significant breakout and pave the way for further gains towards the next resistance level at 0.6624. This would indicate a shift in momentum and potentially mark the start of a new uptrend.

Support Levels to Watch for Downtrend Continuation

• 0.6520: Initial Hurdle: If the upside momentum fades and sellers regain control, a breakdown below the initial support level of 0.6520 could trigger another decline. This could lead to a retest of the 0.6442 support level that marked the recent low.
• Lower Support Levels: Further breakdown below 0.6442 would open the door for falls towards the 0.6400 area, solidifying the downtrend and suggesting the recent bounce was just a corrective move within the larger downward trend.

Overall Sentiment

The outcome of the price action around the 0.6520 support level and the price channel resistance will be crucial in determining AUDUSD’s next move. A breakout above the channel could indicate a potential trend reversal and upside potential towards 0.6624. Conversely, a breakdown below 0.6520 and subsequent breach of 0.6442 would reinforce the downtrend and suggest further decline towards 0.6400 or lower.

Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct your own research before making any trading decisions.

[Mtl JP]

watson … can you help plz
–
CNBC
More Americans are feeling better about their finances—here’s why, in 5 charts
10 hours ago

MSNBC News
Why are Americans unhappy about Biden’s economy?
5 hours ago

[Mtl JP]

curious george is perplexed
why his lying long USDchf oder at 8808 did not get filled

ahhhh nevermind why lol its likely the australian dingos yelping and prancing around for no fundamental reason just stealing pips unless it was my dealer gaming the spread

[GVI Forex 2]

XAUUSD 4 =HOUR CHART — BID BUT…

Supported while the trendline holds but…

High was just below last week’s high in 2032 suggests the risk of a pause unless this level is taken out

[Belgrade Bobby]

EURUSD

Without going in what might or might not happen in coming days, I’ll stick to what should happen tomorrow.

Supports come in 1.07800 – 1.08000 area – every 5 pips might prove hard to get through…

So, if the area holds , we should see tomorrow even bigger move then today – we might run straight for the 1.09450

But if bellow 1.07800 – All Bets Are OFF

 

[Mtl JP]

this “Ford cuts prices of electric Mustang Mach-E by up to $8,100” reminds me that

ford’s ev division is expecting 5.5 billion dlr loss this yr

and that

autoworkers donkeyholes ar getting tight on the realization that EV cars require less salary(wo)men to asseble that traditional ones

[SF Monedge]

I noted last week I believed Eur/Jpy might target the 50% mark of our model, which is 162.20, it has been revisited repeatedly overtime.  It was reached, but it is not looking very decisive.  That said, it is still bid as long as 191.90 holds in our model.

[Mtl JP]

exciting ?
“Elon Musk says first Neuralink patient can control a computer mouse through thinking”

I imagine trading on my toy similar to Samantha (Liz Montgomery in Bewitched) casting a spell

[GVI Forex 2]

 

S&P500 4-hour chart – risk-off day (note this is a CFD chart and different brokers may have different feeds and pricing for the same symbol.)

so, i will just post the chart and match up the lines with what your chart shows

[Belgrade Bobby]

EURUSD – has to stay above 1.08100 or face the deeper correction

[Mtl JP]

EURO 1.0820 as I type
–
with puppy jumping over feb 12th high, it ll need to keep above it if it is to slink higher towards 1.09

I am slightly biased bullish for now.

[Mtl JP]

DLRx 103.78
to state the obvious : dlr is on the back foot somewhat

one could be suspicious of players trying to push the puppy lower for possible buying but I am not convinced there is underlaying appetite for the buck.

maybe if FED yakkers come out with higher for longer hymns or Minutes deliver something to impress players later this week

[GVI Forex 2]

EURGBP .8550

Down after failing to hold .8570+

Note price action in respective pairs (GBPUSD at high for the day, EURUSD backing off its high)

[GVI Forex 2]

 

XAUUSD 30 Min Chart – is the high for the day in?

Having held the 1995 level I cited in prior posts, XAUUSD is rallying in line with a weaker USD

So far the high around 2031 is just shy of last week’s 2032 high

2025 = support that needs to hold to keep the high at risk

2015 = low of the day so expect support below the market as long as it stays above it

[Belgrade Bobby]

Those that Bought EURUSD last night at the support area, either take your profits now or move the Trailing Stop to just bellow 1.07900 .

[SF Monedge]

Aud/Usd and Gold moving in tandem again as in prior sessions, this time it is a pivot breakout and so it has legs

[SF Monedge]

Like long Usd/Chf and yen here, coincides with post from Asia last night, will see

[GVI Forex 2]

Lower CDA CPI than expected

See our Economic Calendar

[GVI Forex 2]

GBPUSD 15 minute chart

Why did GBPUSD pop higher?

Look at a EURGBP chart (back below .8570, last .8565)

Simple algebra GBPUSD/EURUSD = EURGBP

[Author]

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