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NIO Inc.
Resistance at 4.45
If it closes tonight close to it , we should see tomorrow another push Up.
Just a break of it won’t mean much – needs to break above it and stay above it, or it can slide down once again.
But all is good as long as it stays above 4.00 – consolidation might take some more time, and if holds Up trend might begin.
USDCAD 4 HOUR – TAIRFF HEADLINE ROULETTE
The reaction to tariff headlines continue to give a clue whether traders seea trade war as temporary ir a risk of escalation.
As long as USD CAD stays below 1.45, there is hope that the fallout will be contained.
Looking at the chart, the move below 1.4368 negates the upsiderisk but would need to become resistance to suggest more room on the downside.
EURUSD Weekly
EUR goes straight for 1.08300 –important support that turned to resistance.
It is the last test/hurdle , before it opens for attack at 1.11800 – Major Resistance and downtrend line, and if so I don’t think that it will hold this time.
We might be in for some serious EUR rally.
But as I said on Monday – this week is filled with data/news/statements that can turn it all in a second.
However, if I understood Trump well, we will be talking “weak dollar” for quite some time from now on.
DAX – GER 30
Major Support at 22.200 wasn’t even touched yesterday – low was 22.320 , and DAX opened today with a sizeable gap to the upside.
Resistances now at 23.200 & 23.310
Supports at : 22.790 & 22.650
I was clear yesterday while warning of this possible development .
DAX is still not out of woods, and needs to hold on today’s gains to be able to reach new highs.
