- This topic has 27,907 replies, 54 voices, and was last updated 14 hours, 30 minutes ago by .
-
EURUSD 4h
Last night’s scenario that I shared with you unfolded perfectly so far.
Now what we need to see – for continuation of the downtrend – is to go through 1.03500 and 1.03300 later on.
We can see on this chart a perfect Double Top, and probability of it going down is increasing.
However, if pair succeeds in closing tonight above 1.03800 – picture changes dramatically.
So watch those two supports closely….
AT (Amazing Trader) Trade AlertS: 5 for 5 today using a 1.25:1 R/R
Join GTA (free) nd get a half price AT subscription as a member benefit.
These Amazing Trader 15 mibute charts speak for themselve… both reacting to bearish patterns, and now approaching initial target supports.
EURUSD
GBPUSD
EURUSD 4 HOUR CHART – Just a bounce?
I am not sure chart points from last month are relevant although technicians will treat them as asuch.
In this regard, 1.0437 (Monday’s high) is the key 2025 level,, so far untouched. Beyond there is 1.0458.
Taking a step back, 1.04 is the pivotal bias setting level. Only above 1.05 would suggest a low is in and the rebound has more to it.
Using my platform as a HEATMAP shows
The dollar trading softer vs all but USDJPY, which Is back to unchanged after failing to hold 158+ (high 158.40).
NZD and AUD outperforming,
Price moves typical of start of New Year whipsaws and false starts as markets continue to rebuild towards full liquidity. As I have been saying, how markets end this week will be more important than how they start out,
iN OUR BLOG
As I have noted many times, when there is a key event markets tend to factor in the most extreme case and then reassess later.
How Do You Spell Relief ? Trump Tariffs Report
Nvidia-NVDA
Nvidia going for all time high at 152.90
Nvidia Almost Became the Largest Company Again as Stock Hits New Record
The chip maker’s market value briefly surpassed Apple’s in intraday trading Monday, according to Dow Jones Market Data. At one point this afternoon, Nvidia stock was up 3.8%, putting the company’s market cap at $3.707 trillion, according to the data provider. Apple stock, meanwhile, was up 0.7%, valuing the company at $3.703 trillion.
EURUSD Daily
Just to put things into perspective – this is a nice downtrend channel
Resistances : 1.04550, 1.05150 & 1.05350
Supports : 1.03750, 1.03350 & 1.02950
Not being able to cash in on this rally – to stay above 1.04250 indicates that next move should be down. Do not get surprised,or even worse – taken into frenzy – if it tries once again to get over it.
- You must be logged in to reply to this topic.