- This topic has 27,779 replies, 54 voices, and was last updated 23 hours, 53 minutes ago by .
-
EURUSD Daily
In line with what I said yesterday, so no need to repeat myself.
Now only remaining question is if EUR manages to close above that trendline tonight…
This is now the first signal that things are changing in EUR favour – It is a very early sign – 1.01800 held its ground, and more pull-push actions will be seen, with 1.02050 acting as a Major support.
This is a first time in awhile that I can see 1.06500 coming in play once again, but it will take some time so don’t expect any instant solutions.
We will continue following the developments on the Daily and Intraday basis as well – so stay tuned for more insights…
Global-view.com Giveaway – Round 3 – 27. January – 3. February 2025
Dear Members (and those who wish to participate), we are happy to announce that the Third Round of our Weekly Evaluations is STARTING at Monday– 27.01.2025.
Grand Prize is a Prop Trading Challenge Account – $ 15.000
Second Prize is a Prop Trading Challenge Account – $ 10.000
To remind you all of the Rules :
Global-view.com Giveaway – Round 3 – 27. January – 3. February 2025
EURJPY 4 HOUR CHART – TESTS RESISTANCE
Credit again to The Amazing Trader for highlighting this key resistance, which was the start of the move down to the 159.65 low.
Even if you do not trade EURJPY, it pays to keep an eye on it when you sewe the JPY move in the opposite direction of the EUR vs the dollar. ‘
The high in EURJPY coincided with the top in EURUSD at 1,0457.
EURUSD DAILY CHART – What happened to parity?
Wasn’t the talk of parity just a few weeks ago and now 1.05 looms above.
You can see why 1.0457 is a key level, also a 4=week high. Â While 1,05 would likely prove tough, a move above 1.0457 would put it on the radar.
‘On the downside, 1.0435 needs to hold to keep a strong bod. Back below 1.04 would negate the upside risk.
Using my platform as a HEATMAP shows
The dollar is trading a touch softer except vs the JPY despite the BoJ likely to raise rates this week and the BOE and ECB likely to cut.’ One clue may have been another Trump taro\iff threat was ignored.
So, looking for a reason for the recent softer USD, I came across this in a Reuters article..
The dollar looks stretched on positioning, sentiment and valuation metrics – hedge funds last week held the biggest net long dollar position in nine years; ‘long dollar’ is one of investors’ most crowded trades, according to Bank of America’s latest fund manager survey; and Citi analysts reckon the currency is overvalued by 3%.
USDCAD DAILY CHART –Back into its range
Yo-Yo price action continues with USDCAD back into 1.4279-1.4467 where it has traded for over 4 weeks with only a brief exception this week. Next directional move will com from a firm break of this range.
Wide range is now 1.4261-1.4516,
Note, the failure above 1.45 has potential to be a bear signal.
Nvidia – NVDA
Nvidia Poised for Strong Quarterly Results, UBS Says
The chip-making giant is scheduled to report fourth-quarter results Feb. 26. In November, its third-quarter earnings more than doubled year over year as demand for generative artificial intelligence propelled revenue above Wall Street’s estimates.
- You must be logged in to reply to this topic.