[GVI Forex 2]

USDJPY 4 HOUR CHART – Entering a sticky zone

154-155 is a key zone with the post-US election high at 154.71 and a key level above 155 at 155.20.

Keeps a bid while above 153.30-40 support.

 

[Mtl JP]

EXACTLY WHAT IS GOING 0N :

XAUUSD DAILY CHART – WATCH 2600
BTCUSD – Bitcoin Weekly

What is GOLD’s heave and BTC’s volcanic run reflecting in society’S relative fear and greed themes ?

[GVI Forex 2]

Pivotal levels to watch

EURUSD threatening 1.0600
GBPUSD tested 1.28 (low 1.2792)
XAUUSD trading below 2600
BTCUSD paused just below 90K
US500 trading back below 6000

[GVI Forex 2]

EURUSD WEEKLY CHART – TARGETS

As I have been noting, target were at 1.0665 and 1.0600.

As youc an see by this chart, should 1.0600 be firmly broken, then 1.0500-15 and the 2023 high at 1.0446 would come on the radar.

On the upside, back above 1.0630 (yesterday’s high_ and 1.0665 would be needed to ease the risk.

[GVI Forex 2]

XAUUSD DAILY CHART –  WATCH 2600

Reversal of fortune: Bitcoin up, Gold down

If I had to pick a target for the XAUUSD retreat it would have been 2600, which has been tested as the retreat from the record high continues. Low so far 2595.

So 2600 now becomes the pivotal level that needs to become support or next risk is for another $50-55 on the downside.

The straight line move down has left resistance far away so using other time frames, 2626/43/75 are some levels to watch.

[GVI Forex 2]

XAUUSD DAILY CHART –  WATCH 2600

If I had to pick a target for the XAUUSD retreat it would have been 2600, which has been tested as the retreat from the record high continues. Low so fasr 2595.

So 2600 now become the pivotal level that need to become support or risj is for another $50-55 all to the downside.

The straight line move down has left resistance far away so using other time frame, 2626/38-43/75 are some levels to watch.

[Mtl JP]

This post’s link is for my degenerate trader colleagues

20+ is the GAP

consider this as fair warning and alert

Settings: 5D and Display: candle

[GVI Forex 2]

BTCUSD 4 HOUR CHART – PATH OF LEAST RESISTANCE

The winner of the Trump Trade award to start the week is BTCUSD, which has surged to a new record high.

Donlt be surprised to see bulls calling for 100,000 but in any case, it has support on any deep dip as long as it trade above 80,000

[GVI Forex 2]

XTIUSD DAILY CHART – DRIK BABY DRILL

Crude remains on tis back foot following the US election and need to hold above 65.54 (suggest 65.00 as well) or face a break range..

Ob the upside, only back above 72,85 would neutralize the risk.

[GVI Forex 2]

USDMXN 4 HOUR CHARTR – WATCH 20.00’

MXN remains one of the vulnerable currencies in the new Trump era so support below 20.00 should not be a surprise.

To keep this simple, 20.00+ needs to become support to keep a bid targeting the 20.80 high.

[GVI Forex 2]

NAS100 4 HOUR CHART – ANOTHER RECORD HIGH BUT…

Another day, another record high but we know nothing goes one way forever so keep an eye on the 21000 level as below it would at least argue for a pause.

One way to focus on stocks is to look at U500 6000 as that is a good indicator for equities in general.

In any case, it would take a lot to reverse the trend so expect support within 20500-21000 in case the march higher takes a pause.

[Belgrade Bobby]

NIO

NIO Stocks Are Falling. Why China’s Stimulus Disappointed?

Investors soured on China stocks Friday after Chinese authorities unveiled additional measures to shore up its economy.

The market reaction today suggests that investors had been hoping for more sweeping measures, potentially including capital injections into banks to nudge them to lend more.

[Belgrade Bobby]

XAUUSD – Gold – Daily

Support – 2605.00

Resistances : 2650.00 , 2675.00 & 2730.00

This one and only support separates gold from reversing and going for 2300.00

[Belgrade Bobby]

BTCUSD – Bitcoin Weekly

This break in the Upper Channel opened a road for some heights that were only dreamt about till recently.

Supports : 82.000, 78.500 & 73.500

Resistances : 93.500 & 105.000

[Belgrade Bobby]

USDJPY Daily

Supports : 153.350 , 153.150 & 153.050

Resistances : 153.950 , 154.750 & 155.750

With today’s move , pattern is forming and calls for Up.

To have a really serious move / rally , needs to take out 155.750 and to stay above it ( two consecutive closings)

[Belgrade Bobby]

GBPUSD Daily

Supports : 1.28550 , 1.28350 & 1.27950

Resistances : 1.28950 , 1.29200 & 1.29500

Pressure building to the Down side.

Only above 1.30500 we can talk about Up.

[Mtl JP]

yea agreement about GOP lawmakers

Republicans’ First Tax-Cut Challenge: How Much Red Ink Can They Live With?
To pass a bill without Democrats, GOP lawmakers are seeking agreement on the deficit number.

lets see what bond types will say about that

[Mtl JP]

Bitcoin Tops $85,000 as Investors Back Trump Trade
The cryptocurrency reached new heights on the back of Donald Trump’s election victory. The Dow rose more than 300 points.

hmmm.   that sounds, to me, too plausible a speculation about what drives bitcoin

[Mtl JP]

wsj

By Nick Timiraos

“If Trump Tries to Fire Powell, Fed Chair Is Ready for Legal Fight
Jerome Powell was prepared to go to court when the president floated his dismissal six years ago. If it happens again, the Fed chair might have to pay the legal tab himself.”

might ?

[GVI Forex 2]

Here is an AT Alert illustrating not overstaying your welcome when contra trading against the trend.

[Mtl JP]

SF 2:59 balance is the most un-natural state.
movement , like that of swinging pendulum, means there is persuit (of something)
when that pursuit in one direction slows and tries to swing the other way, there will necessarily be a moment when the pendulum will pass through a point neutrality (or balance) . You and I better hope that that moment is infinitesimally short. Otherwise if things came to a stop, the pendulum would in perfect balance between two energies that would then be at 0 (zero) and therefore DEATH.

So I suggest that the markets, like Nature, are not seeking balanace but rather motion.. seeking …

[michael Calif]

Option Profile setting a Low in Gold this morning    :gtwo3

[SF Monedge]

To put it in plain English, it is like when a basketball player reaches the point where the net never moves on you and you find it with almost every shot.  And it was simple and right in front of you the entire way when you were busy trying to move the basket.  It is more simple than people realize.

[SF Monedge]

I would like to share something I believe is useful. I have come to realize the range of market behavior is wider than we want it  to be while it is in the process of finding a balance.  Even dramatic spikes are part of that equilibrium.

[GVI Forex 2]

EURUSD extending its low after failing to hold above 1.0650… new low at 1.0629..stocks slipping on some profit-taking, see if any correlation kick in

[GVI Forex 2]

In the absence of any news and a semi holiday in the US, keep an eye on stocks… note EURUSD came off its low after stocks slipped back a touch from record high

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.06850 , 1.07300 & 1.07650

Supports : 1.06350 , 1.06000 & 1.05350

1.06350 might slow down this downtrend if it holds today.

We are looking at possible 1.04450 over period of time ( 2 weeks) .

If below 1.04450 road is fully open for test of 1.01500

[GVI Forex 2]

EURUD testing 1.0650, 1.0600 is the target if it stays below 1.0665 but sub-1.0650 would make a stronger case.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

The dollar continues to feed on a mix of post-election tariff and tax cut speculation, China’s struggle with deflation and Germany’s simmering political crisis – with the euro plumbing its lowest levels in almost five months.

Even with bond markets effectively shut on Monday for the Veteran’s Day holiday, the dollar built on last week’s election-related surge – spurred by Friday’s reports, later denied by other sources, that protectionist Robert Lighthizer had already been asked to be President-elect Donald Trump’s new trade chief.

Morning Bid: Post-Election Dollar Revs Up, China Battles Deflation

[Mtl JP]

according to cnbc’s Katrina Bishop:

“Bitcoin tops $82,000 as crypto euphoria over Trump win shows no sign of waning”

I have a different view of what Bitcoin represents, reflects and means in society

[Author]

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