Forum Replies Created
-
<p style=”text-align: center;”>
</p>
US OPENEuropean bourses positive despite lower US futures, DXY veers lower and Crude climbs on Venezuelan tariffs
Good morning USA traders, hope your day is off to a great start!
Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
US President Trump sanctioned Venezuelan oil. Elsewhere, India has proposed the removal/reduction of tariffs
European bourses defied the lead from futures and opened in the green, US futures in the red but only modestly so and hold onto the bulk of Monday’s gains
DXY steady throughout the morning but most recently at a session low to the benefit of peers across the board, EUR also aided by Ifo
Fixed benchmarks in the red, weighed on by Ifo and supply; USTs await Fed speak
Crude bid in an extension of Monday’s action, TTF softer on Ukraine updates while Gold has inched to fresh highs
<p style=”text-align: center;”>Try Newsquawk for 7 Days Free</p>EURUSD 4h
Supports: 1.08100, 1.07950 & 1.07750
Resistances: 1.08300, 1.08550 & 1.08900
Current momentum Up
As long as below 1.08550 daily direction is Down
Looking at 2-3 days period, EUR can spike up to around 1.09200 and then turn down again.
If above 1.09200 targets 1.10850
Personally, I would like to see this correction going all the way to 1.06850 before Up again.
USDJPY 4 HOUR – Chart tells the story
This is one of those days where this chart tells the whole story
Bid while above 150.18 but upside contained unless 151.30 is taken out.
Back below 150.18 would negate yesterday’s mini breakout and shift the range to 149.50-150.00
150 the clear bias setting level going forward.
XAUUSD 4 HOUR CHART – Consolidating
I hate the word consolidating but with that said…
XAUUSD still consolidating between 2999 – 3038, seemingly biding its time for another run up unless 3000 is firmly broken.
Otherwise, break of 3038 would cool lingering retracement risk
Break of 2999 would expose 2978, which is the key level to maintain the daily uptrend. .
Using my platform as a HEARMAP shows
…the dollar trading close to unchanged after briefly extending its rebound overnight.
EURUSD 1.08 is the bias setting level…. what caight my eye is the low (1.0777) poauxed above the 1.0765 ley support/target. .
XAUUSD a touch firmer after holding iff another run at 3000
US equities consolidating and so far not following through on yesterday’s rally.
Light news day… headline watch remains on the next Trump tariff comment
US500 4 HOUR = Weekly down pattern broken
Last week, the 4 week down pattern was broken with an inside week… this week has started out with a higher high but as this chart shows, there are layers of resistance to get through from 5749-5871… at a minimum a solid 5800+ and then 5871+ would be needed to shift focus back to 6000.
On the downside, as pointed out last week, there is a double bottom at 5597 and only through there would shift the risk back to the low…. Keeps a bid if 5749 becomes support
Here we go again… Dollar dips on this glimmer of hope but note comment about more tariffs
