[GVI Forex 2]

EURUSD 1.0880

Held above the pivotal 1.0850 (low 1.0860)_

Back above 1.0886 would be needed to shift focus back to 1.09
.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Record high looms

Break of 2930 has seen 2945, last obstacle to the record 2956 high, tested (high 2947).

Tough area to make a call so focus on 2930 with strong bid while it trades above it.

[GVI Forex 2]

EURUSD 4 HOUR CHART – Out of steam

What caught my eye is the failure to trade above 1.09 (high 1.0897) after past two days testing above it.

This chart shows a classic AT (Amazing Trader) down ladder pattern (falling blue lines) with a risk for 1.0800-35 while below 1,0875. BUT would have to first get through the pivotal 1.050 level first.

Back above 1.09 would be needed to restore the BID.

 

[GVI Forex 2]

Using my platform as a HEATMAP shows

A reversal of fortune from this time yesterday

JPY firmer, both vs the dollar (USDJPY back below 148) and on its crosses (note EURJPY weaker) as mood turns back to risk off.

Dollar a touch firmer elsewhere. EURUSD so far failed to trade 1.09+ after 2 days testing above it  Commodity currencies trading weaker.

Looking ahead

US PPI and Weekly jobless claims

G7 foreign ministers meet in Quebec amid rising trade/tariff tensions

Looming U.S. shutdown at 12:01 AM Saturday unless there is an agreement to extend funding the government

[Mtl JP]

GVI 6.25 – so far $60 billion worth of traffis have been dispensed

many more are lurking – willingly or not – on the windowsills just behind the curtains

[GVI Forex 2]

NAs100 4 HOUR CHART – A GLIMMER OF HOPE

A glimmer of  hope for a pause with support (and a higher low) above 19000 but ONLY firmly back above 20000 and 20210 would slow/neutralize the risk.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – In the background

It took 5 attempts until finally breaking 2930.

Now need to get pat 2945 to expose the record 2956 record high.

Keeps a bid as long as it trades above 2905 but needs 2930 to become support for the key level s cited above to be at risk.

[Belgrade Bobby]

NIO Inc.

Nio managed to overcome 5.36 , reached almost 5.50 …and lost it again…

However this run makes all the difference now.

Support is now at 5.05 & 4.90 and if one of them holds, we’ll be seeing more Up.

Target should be in 6.35 area.

[Belgrade Bobby]

XRPUSD

In line with yesterdays view – resistance at 2.27 met and held so far.

Next one is at 2.32

2.15 current support, followed by 2.05

[Belgrade Bobby]

EURUSD 4h

Supports: 1.08750 & 1.08500

Resistances: 1.09150, 1.09350 & 1.09500

So far this looks as a sideways consolidation, but it can quickly become full blown correction.

1.08500 is a very important level now.

If below next stop is at 1.07500

[GVI Forex 2]

Is the EU next on the tariff hit list (out earlier)

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[Idris Sagamu]

okay sir

[GVI Forex 2]

With stocks bouncing from the lows, bond yields following, the FX market is not sure whAT PATH TO FOLLOW while USDJPY remains well of the 149+ high but still up on the day above 148.

EURUSD is back to about unchanged on the day in what seems to be setting up to be an FX range afternoon with the focus mainly on US rquities.

[GVI Forex 2]

Trading Tip

When in a strong trend, there often needs to be a correction to shakeout the weak longs (or shorts), which in turn sets up a run at a new high (or low) as the market has less capacity (fewer longs or shorts) to absorb fresh buying (or selling).

See if this proves to be the case after the earlier stock market shakeout.

[GVI Forex 2]

US500 4 HOUR CJART – 5500 PAUSE but…

As I noted, 5500 looks like an inviting target that has potential for a pause.

While the move back above  5645 ran some stops,, it would need a firm move above it  to confirm it was anything more than a dead cat bounce. .

Otherwise, to slow the  downside,, big figures like 5600, 5700, 5800 would need to be regained and become support.

Back below 5571 would put the 5527 low in oplay again.
.

[Belgrade Bobby]

EURUSD 4h

Supports : 1.08750, 1.08500 & 1.08050

Resistances: 1.09050, 1.09200 & 1.09500

Sharp Uptrend lost right now, and we are looking at two options:

Sideways correction

Deeper one all the way to 1.07650

If it finishes the day above 1.08500 we should have another Uptick tomorrow

[GVI Forex 2]

With stockw backing off, USDJPY IS backing off after failing to reach 149.33 on the upside…

… support at 148.40 blockw a return to 148.

Here are te FIBOS for 151.30-146.54 posted earlier”

 

[GVI Forex 2]

No surprise from the BoC but clearly cautious moving forward

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[GVI Forex 2]

Stockws coming off the highs…A touch of risk off creeping in…

[GVI Forex 2]

Do we listen to Lutnick or Trump?

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[Author]

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