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Nvidia Corporation stocks – NVDA
Nvidia just above 171.00 – very important support that separates it from entering lower channel with lower level at 99.75
There are many support levels of course, like 153.00, but strong Bullish sentiment would be lost and we are talking months if not years for Nvidia to return to current levels.
NZDUSD (1HR)
The kiwi dollar is under bearish pressure and is continuing to trend downwards through all major moving averages and in an overall descending pattern. Price has clearly broken through a major support area and is only experiencing a weak retrace on the downside.
Immediate support and resistance at 0.5750 and 0.5820
AUDUSD (1HR)
The Australian dollar has confirmed a stronger bearish move on the 1H chart after breaking below the key 0.6900 support zone. Price is now trading beneath all major moving averages and remains capped by a descending trendline, indicating sustained downside pressure.
Supports and resistance can be seen at 0.6850 and 0.6950.
US500 (SP500) UPDATE
- Getting a late reprieve after President Trump extended the deadline to attack Iran power plants for 10 days.
- This postpones but does not negate the threat to the 6435 low. For that to happen, 6575, the key level posted here earlier that held dead on (and see what happened afterward), would need to be broken.
- In the meantime, 6500 should be pivotal in setting the trading tone.
- Range on this chart 6435/70 -6540/75
US500 1 HOUR CHART
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 23 TICKS LOWER AT 110-05+
Analysis Details: T-notes lower as geopolitical uncertainty keeps oil prices higher, seeing participants add to Fed rate hike bets. At settlement, 2-year +10.7bps at 3.994%, 3-year +11.8bps at 4.001%, 5-year +12.6bps at 4.103%, 7-year +10.9bps at 4.260%, 10-year +9.2bps at 4.424%, 20-year +5.9bps at 4.974%, 30-year +3.4bps at 4.936%….
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Higher US bond yields supporting the USD and weighing on stocks
In our blog
Bitcoin at $70K: Is BTCUSD Truly Bullish or Just “Bid in an Offered Market”?
Bitcoin (BTCUSD) continues to hover around the critical $70,000 level, leaving traders divided. Is this a sign of underlying strength, or is Bitcoin simply appearing strong within a broader bearish trend?
This debate can be summed up with a classic trading concept: is the market truly “bid,” or just “feeling bid in an offered market”?
Understanding this distinction could help traders avoid costly mistakes, especially in today’s volatile crypto environment.
Bitcoin at $70K: Is BTCUSD Truly Bullish or Just “Bid in an Offered Market”?
- Defense rather than offense remains the order of the day as risk off takes over after an early US stock market rally ran out of steam.
- USD remains firm, AUD and NZD underperforming, EURUSD failure to regain 1.1550 keeps it on the defensive.
- US500 held dead on at 6575 (scroll below for earlier update), keeping it on the defensive as well
- XAUUSD on the defensive while below 4500.
- Crude oil remains firm, so far keeping other markets on edge.
- News algos, meanwhile, continue to have a field day jerking markets around on headline news.
]XTIUSD (WTIUSD) UPDATE
Back on the difference but needs to end thoughts of a retracement
- What matters in this headline driven volatile market are the extreme levels at 85.08 and 102.31, which shows 95.67 as the 61.8% FIBO. High so far 95.62
- In the absence of any key nearby resistance, a break of this level would put to rest any thoughts that the bounce off the low is a retracement.
XTIUSD 4 HOUR CHART
NAS100 (NASDAQ) UPDATE
- NAS100 is on the defensive but hostage to headlines (and oil) and remains within 23500-24500 where 24000 is the battle line and bias setter.
- Expect more chop and limited follow through until either side is broken with greqater risk on downside while the upoper end holds.
NAS100 1 HOUR CHART
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