[GVI Forex 2]

Thinking out loud:

It is hard to see EURUSD moving too far to the upside (as long as it stays below 1.0538) ahead of the French no-confidence vote tomorrow.

Otherwise it is a light calendar day with only US JOLTS (job ppenings) due

[GVI Forex 2]

XAUUSD 4 HOUR CHART –    Tight range

When I start my day I scan my charts seeing if any pattern catches my eye.

In this case it is the tight 2633-2652 (double top) range, too tight to last but contains the moves while within it.

[GVI Forex 2]

USDJPY 1 HOUR CHART –  Inside day

Inside day so it should not surprise to see the bias setting 150 exert a magnetic pull.

To spark some movement,149.49 or 150.24 would need to be broken although only a break of 150.74 would shift the focus from, 150 and the downside.,

[GVI Forex 2]

USDJPY 1 HOUR CHART –  Inside day

Inside day so it should not surprise to see the bias setting 150 exert a magnetic pull.

To spark some movement,139.49 or 150.24 would need to be broken although only a break of 150.74 would shift the focus from, 150 and the downside.,

[GVI Forex 2]

Forex Heatmap (using my trading platform)

Dollar trading lower across-the-board (by about the same %) but modest moves so far

[GVI Forex 2]

ALERT

French government no confidence vote to be held on Wednesday.,,,  EURUSD backs off its high on the headline

[GVI Forex 2]

EURUSD 4 HOUR CHART – 1.05 remains pivotal

Bounce back above 1.05 has cooled the French political fallout for now but would need to take out 1.0538 to cool the downside momentum.

Otherwise, 1.05 will clearly dictate the tone going forwards.

Key event risk: French government no confidence vote to be held on Wednesday.

 

[Mtl JP]

USDCHF 8885

what is next ?  tia

[Belgrade Bobby]

Tesla – TSLA

Tesla Jumps 3.5% to 18-Month High as Analysts Eye $411 Target

Tesla Upgraded to Buy by Roth MKM, Sees Demand Boost From Trump Support

[Belgrade Bobby]

Hey Idris – welcome mate !

Check out in Trading Club – Discussion Boards – you can ask any question there, but if you have something of your own to participate, post here in forum.

[GVI Forex 2]

US500 4 HOUR CHART – SLOW CLIMB

The slow paced climb to new record highs would normally make me wary of an up the escalator down the elevator risk.

However, it would take a sharp move through 6000 to negate the upside risk.

[Belgrade Bobby]

Opendoor Technologies Inc. – OPEN

Failed to reach even 2.55 ( previous high on Aug, 26. 2024.) and now it looks very vulnerable.

Unless it gets picked up at around 2.00 it might be destined to reach as low as 1.30

[Belgrade Bobby]

Nvidia – NVDA

Technically it is still correcting after hitting the new historical high 7 days ago.

To be able to attempt even higher in a short period of time, support at 128.50 must hold it’s ground.

If not, 115.00 and 108.00 are waiting to be tested.

[GVI Forex 2]

EURUSD 4 HOUR CHART – 1.05 remains pivotal

Current downside risk stays intact as long as 1.0537 is not broken.

Only 1.0545-50+ shiftS the risk back to 1.06.

1.05 will clearly dictate the tone going forwards.

Key event risk” French government no confidence vote sometime this week.

[Idris Sagamu]

I’m new here ,want to joined the academy and learn more about ICT strategy

[Belgrade Bobby]

SOLUSD – Solana

Still in a correction phase – first good support comes at 195.00

Next stop if supports lost is at 155.00

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Consolidating

Not dipping far enough to suggest anything more than a minor retracement.

To suggest anything more than that, 2600-20 would need to be broken.,

Otherwise, just consolidation with support As long as 2620 holds.

[Belgrade Bobby]

ETHUSD – Ethereum

Hesitant just below the long time ( since 2021.) downtrend line at 3.855.00.

Support comes at 3.510.00

[GVI Forex 2]

USDJPY 4 HOUR CHART = Bearish below 150

In a sell mode as long as it stays below 150.

Back above 150.74 (distant) would end the risk.

Support starts at 149.07 (Monday low), 148.80-95 and then a void below it.,

 

[Belgrade Bobby]

GameStop Corporation – GME

GME couldn’t break in the upper half of the Uptrend channel for now.

Supports are at : 25.70 , 24.55 & 22.75

[Belgrade Bobby]

NIO Inc.

Failed at 4.61 once again…

If goes below 4.30, targets 4.00

[GVI Forex 2]

SF, that would imply either or a sharply lower GBPUSD or a little of both…. Freench politics is the wild card

[SF Monedge]

I see some conditions that point toward EurGbp pulling up toward 8400 in coming days.

[SF Monedge]

GROY is a good cheap stock near or under 1.25.

[Belgrade Bobby]

XRPUSD

High today – 2.87590

Doubled in 5 days 😀

[SF Monedge]

Definitely some stock picking transpiring today in Dow even though it is down.  Volume has been on the positive side vs declining shares.  Could drop again but just noting the condition.

[SF Monedge]

That went better than expected.  The sudden Dollar dump 2 minutes after I posted the sell ideas was across markets so it is uniform.

[GVI Forex 2]

Why did USDJPY go into a freefall? Look below for the correlation with US bond yields

USDJPY 30 MINUTE CHART

 

US 10 year bond yield (lower after moving higher earlier)

[GVI Forex 2]

Why did USDJPY go into a freefall? Look below for the correlatioon with US bond yields

USDJPY 30 MINUTE CHART

us 10 year bond yield

[SF Monedge]

Sell side of UsdChf and UsdSgd around current market could get legs.  Not very enthusiastic about it because they are in a buy cycle but the prices have reached potential turning spots even if very temporarily.

[Author]

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