[GVI Forex 2]

USDCHF

Anyone looking at a USDCHF chart will be focusing on two levels: .8000 (psychological) and .7997

Tough call with a big void below .7997 but so far .8000 seems to have been defended (low .8003).

On the other side, risk stays on downside intra-day as long as it trades below .8022.

USDCHF 1 HOUR CHART

[GVI Forex 2]

USDX (US Dollar Index)

In retreat after failing to test 98.87

Needs to hold 98.10 to keep fading hope that upside momentum can be revived.

For 98.10 to be broken, EURUSD (57.6% of the index) would need to establish above 1.1650

USDX 4 HOUR CHART

[GVI Forex 2]

XAUUSD (GOLD)

Bulls remain control but still  needs to take out 3407 to put 3450 and 3500 in play.

Expect a bid on dips while above 3367-73-84

XAUUSD 4 HOUR CHART

[GVI Forex 2]

Using my platform as a HEATMAP shows,,,

.. the dollar is trading more on the defensive after yesterday’s strong start failed to follow through. Focus shifts to US data: Weekly Jobless Claims, Q2 GDP and PCE (2nd estimate). French political concerns remain a cloud but in the background for now.

On order of strength vs the USD

1. AUD

2. CHF

3. JPY

4. NZD

5. CAD

6. EUR (focus back to 1.1650)

7. GBP

 

[GVI Forex 2]

EZ Sentimnent

Source: Try Newsquawk free for 7 days

[Mtl JP]

Re “A must read after Wed’s price whipsaws
Forex Trading Tip: Watch Out for Stops and Use Them to Your Advantage!”

I simply LOVE the references to the predatory themes (via mildly crude words such as “hunt”) discussed in the piece.

FX is a very liberal market to enter, just like a blackjack table, but it also shows no friendship nor mercy to all would-be predators.

[Mtl JP]

POOF! … “good for increasing their anxiety” …
now that 1.1650 + printed.

also means that the mix of players around the table got balanced

and so players can now be looking at each through their mirror reflector glasses as they try to game each other’s reaction to next data release (minutes) and potential officialdom yakkers

[GVI Forex 2]

Addendum just added

A must read after Wed’s price whipsaws

Forex Trading Tip: Watch Out for Stops and Use Them to Your Advantage!

[GVI Forex 2]

Newsquawk Daily Asia-Pac Opening News

Source: Try Newsquawk free for 7 days

[Belgrade Bobby]

Nio Inc. Stocks

And after 8 days of straight Up , here comes the pause…

Is it going to be just a pause , consolidation or full blown correction stays to be seen

Supports: 6.30, 6.05 & 5.90

I would like to see 5.90 holding any attempt for lower and creation of a footing for next rally…

[Belgrade Bobby]

Palantir Technologies Inc. Stocks – PLTR

And Palantir failed today….so that “next leg down” came through…

Support that might save the day is at 153.25.but don’t hold your breath.

If lost 142.35 comes to focus

[Belgrade Bobby]

Opendoor Technologies Inc. Stocks – OPEN

4.20 taken out as expected and 3.85 waiting to be tested

So top is now in place even for non believers …

Resistances: 4.37, 4.55 & 4.75

[GVI Forex 2]

US500 (SP500)

New record high (by 3 pts) not following through after negative reaction to Nvidia earnings.

.Needs to hold 6450 area to keep a bid focused on the new high.

US500 4 HOUR CHART

[GVI Forex 2]

[GVI Forex 2]

Nvidia: Initial reaction stock down

[Belgrade Bobby]

Nvidia: Board Approved Added $60B Share-Repurchase Authorization >NVDA

[Belgrade Bobby]

Nvidia Earnings

[Belgrade Bobby]

NVDA: Nvidia Faces Earnings Test as Government Rules Out Investment

For now, all eyes remain on Nvidia’s results. Analysts expect earnings of $1.01 per share on revenue of $46.13 billion. The options market is pricing in a sharp move, potentially shifting the company’s market cap by $270 billion after results are released.

[GVI Forex 2]

Hold on to your seat belts

[GVI Forex 2]

USDCHF

Went from a follower to a leader with offsets from a weaker EURCHF putting some downward pressure on USDCHF.

Range still .8000-.8100 (actual range .7997-.8104) with .8016 blocking the bottom of it.

Trades offered while below .8050 but either general USD or EURCHF weakness would be needed to make a run at .8000.

USDCHF 4 HOUR CHART

[GVI Forex 2]

XAUUSD (GOLD)

Bulls in control but needs to take out 3407 to put 3450 and 3500 in play.

Expect a bid on dips while above 3367-73

XAUUSD 4 HOUR CHART

[Mtl JP]

… “good for increasing their anxiety” …

and for degenerate traders to keep pressing the fear and anxiety theme

1.1643 high
everyone s happy with pocket money for a beer: the 1.1650 short crowd as are the degenerate ones

[GVI Forex 2]

While EURUSD has rebounded, it does not suggest THE French

election cloud has been lifted with EUR weakness evident on its key crosses (EURGBP, EURCHF)

[Belgrade Bobby]

ETHUSD – Ethereum

It is obvious that Ether is gunning to retain the Uptrend, but is it going to happen depends on few things…

First of all it has to keep it up till tonight’s close and should close above 4630.00

If it does so, tomorrow must go above at least 4695.00 and hold on the gains

Failure of any of those two would result in a drop towards 4370.00 , and if lost opens a way for 3880.00

In case Uptrend continues, stiff resistance awaits at 5085.00

[Belgrade Bobby]

EURUSD Daily

Resistances: 1.16450, 1.16650 & 1.17100

Supports: 1.16150, 1.15900 & 1.15750

1.16450/550 represents a zone where EUR might be rejected again.

Only above it trend would change to Up.

Close tonight below 1.16400 would be a bearish sign for tomorrow.

[Mtl JP]

EURO 1.1624

shorters from 1.1650 see 50% of their gain now POOF!
which is unsettling and good for increasing their anxiety

[GVI Forex 2]

The timing of this article couldn’t have been better as today is a classic case of an intra-day market trading an old episode (dollar up) when a new episode had begun the other way (dollar down). Article is worth a read.

In our blog

Trading Tip: Think Episodes, Not Just Trend

[GVI Forex 2]

NAS100 (NASDAQ)

Bulls itching for a catalyst and hoping Nvidia provides it with the earnings report after the close..

Consolidation range still within 23300-23600, likely to be broken after Nvidia.

NAS100 4 HOUR CHART

 

[Mtl JP]

Community Message
Windows 10 support ends October 14

Conciderations
– does not mean windows 10 sudden death and stops running on one’s computer
– support ends means no more fixes including security patches
– a good idea might be to do a backup

for more search microsoft’s pages

[GVI Forex 2]

US500 (SP500)

Bulls can smell the record 6489 high but still needs a firm break 6480 to put it (and 6500) in play.

Test for stocks comes after the close when Nvidia reports.

US500 4 HOUR CHART

[Author]

Posts