[GVI Forex 2]

The trigger for the spike higher in stocks, firmer USD

 

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[Mtl JP]

10-yr back sub 5 … dlr in sync

[Mtl JP]

things are moving children
having fun yet ?

apparently trump can appeal

[Mtl JP]

Businesses and states had sued the government, saying the president didn’t have the authority to impose the levies.

[Mtl JP]

cnn
–
US court blocks Trump’s ‘Liberation Day’ tariffs
“The bulk – but not all – of Trump’s tariffs will be temporarily paused after a three-judge panel in Manhattan ruled in favor of a permanent injunction”

[GVI Forex 2]

Month end is just 2 days away… read this in our blog’

Can You Time Month-End Forex Rebalancing Flows?

 

[GVI Forex 2]

NZDUSD

Only two levels that matter are 5890 and 6031

Break of 5920-5980 will dictate what side market goes after.

NZDUSD 4 HOUR CHART

[Belgrade Bobby]

Nvidia – NVDA – Post Market

Nvidia broke above 137.40 and is now at 139.40 – post market

Technically it is on the road to 146

[GVI Forex 2]

Nvidia shares higher following earnings

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[GVI Forex 2]

NAS100 (NASDAQ) 

Brief break above 21500 leaves this as the pivotal level that needs to become support for a run at the record 22224 record high.

If not needs to stay above 21090 to keep its bid..’

NAS100 (NASDAQ) 4 HOUR CHART

[GVI Forex 2]

US500 (SP500)

5940 double top indicates risk that high may be in or at least a pause.

For this to be more than a pause, 5850 would need to be taken out.

Note: Nvidia earnings gave stocks a late blip up.

US500 One Hour Chart

[GVI Forex 2]

XAUUSD

Critical time for XAUUSD as it consolidates around 3300

Needs to stay above 3279 or hopes for a revival of the uptrend will fade and a downtrend will take over..

‘On the upside, resistance starts at 3325.

XAUUSD 4 HOUR CHART

[Belgrade Bobby]

Nvidia – NVDA

Nvidia is getting ready to break above recent high at 137.40

At least that is what pattern is telling me…

If so, it will target 146 over couple of days.

Supports: 134.80 & 132.85

[Belgrade Bobby]

XRPUSD

XRP lost upward channel angle and now targets supports at: 2.07650 & 2.01250

Resistances: 2.28900, 2.34350 & 2.35800

However, as long as above 2.02 it can regain the strength and continue upwards again.

[Belgrade Bobby]

Advanced Micro Devices Inc – AMD

AMD is closing in on that Major resistance line waiting at 119.45

Supports at: 112.25, 110.90 & 107.70

If it manages tomorrow to break above the resistance, next hurdle will be waiting at 122.50

[Belgrade Bobby]

NIO Inc.

Nio continuing to suffer.

We should see test of 3.60 tomorrow

Resistances: 3.75, 3.95 & 4.10

If breaks below 3.60, 3.00 would be in crosshairs

[Belgrade Bobby]

USDJPY Daily

Supports: 144.250, 144.050 & 143.550

Resistances: 145.100, 145.450 & 145.800

USDJPY still hasn’t escaped the downtrend, and aside of time it needs to cover some mileage – like to go over 150

First signal that the bottom is being created is if it reaches over 146 this week.

So as long as below it – 146- Yen can continue gaining and USD losing.

For tomorrow I expect a higher high to be seen,  but wouldn’t be surprised to see retest of 144.000 first.

[Belgrade Bobby]

EURUSD Daily

Tactical approach 😀

For tomorrow :

–          Resistance at 1.13250 / Support at 1.12550

–          If EUR closes tonight around 1.13 – reaching first 1.13250 should be feasible for a run towards support later on.

Now this is probably the trickiest play in the whole game – you see it going down, but where to enter..

If EUR closes below 1.12850 , it will either hit support first tomorrow and then up, or it will go straight up from the open.

This is why we have to wait for the Pattern to emerge – and it always takes two consecutive closings…

And when you know that it can reach even 1.13850 before down again, you have to position yourself properly.

Use hourly chart for trade, and keep in mind this daily picture – so you won’t be surprised no matter what happens next.

 

[GVI Forex 2]

FOMC minutes – non event

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[Mtl JP]

euro 1.1290

lets see if 1.1280 hold Sup
–
–
ecb suits have an issue with their rate cujtting bias

[Mtl JP]

minutes at top of hour

likely to peddle “cautious” and “tariffs uncertainty” persists

i.e. nebulous and likely useless as market mover
especially as dollar down trend reversal force

[Belgrade Bobby]

DAX

So Dax managed to break above 24.200 – level alone is not much of importance per se, but fact that it is the channel upper line makes it significant.

This close slightly below 24K is signalling a probable correction under way.

As long as that correction doesn’t go below 23K, Dax will be able to go over that resistance / channel line – mind you, it is slowly going higher.

Current supports:

23.985, 23.635 & 23.350

[GVI Forex 2]

Next key event:

FOMC minutes,,, see detailed preview

[GVI Forex 2]

USDJPY

USDJPY testing 145 (HIGH 145.07) … battle line,,, if 145 becomes support, clear path to 145.50… if not, then upside will cool a bit

USDJPY DAILY CHART

[GVI Forex 2]

EURGBP

Looking for the flow that smacked EURUSD through its 1.1295 low and ran stops?

Look at this EURGBP chart, which was bid earlier, supporting EURUSD while GBPUSD lagged and then reversed

Support: .8382, 8376, 8373

EURGBP 15 Minute Chart

[GVI Forex 2]

Just posted in our blog

Momentum Tracker: Adaptive Trade Precision with ForexIGO’s

[Belgrade Bobby]

BTCUSD Daily

Bitcoin just lost channel support that started back in April.

Bullish angle is lost, and now we have to see how deep it will dive.

Supports: 106.650, 105850 & 100.650

Close tonight below 108.000 would confirm that correction has started

[GVI Forex 2]

What’s Hot and What’s Not?

What’s Hot

Not much

What’s Not?

US stocks down after a big 2-day rally

US bonds (yields higher)… 30 year yield back to 5.00%D

GOLD down but consolidating

What’s lukewarm?

Currencies: USD is still up on the day but off its highs…

EURUSD found support again below 1.13

USDJPY stalled just below 145

[GVI Forex 2]

US500 (SP500)

Ran into 5940 resistance (cited here yesterday), which has potential to be a top or at least a pause

To confirm a pause, 5900-06 would need to be taken out.

For this to be more than a pause, 5850 would need to be taken out as well.

US500 One Hour Chart

[GVI Forex 2]

Stay tuned. We will be posting an article on month end currency rebalancing later today.

[Author]

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