[GVI Forex 2]

USDX DAILY CHART – MORE THAN A EURUSD PROXY

 

 

USDX EXTENDING HIGHS AS THE DOLLAR FIRMS ACROSS-THE-BOARD.

Looking at this chart, if 1.0582 is cleared, then the major 106.60 level comes on the radar, suggestong more scope for the EURUSD downside if there is a break above this level.

[GVI Forex 2]

Note how EURUSD backed off after French stock bounce ran out of steam

French stocks are now down on the year.

[Belgrade Bobby]

EURUSD Daily

1.06450 Last line of defence for EUR.

Bellow this one, the space opens and the first level coming in play is around 1.02000

Then Parity…then 0.96000

Pick your choice…

Resistance 1.07150 & 1.07400 now.

 

[GVI Forex 2]

More important sign is that German-French bond yield spread is widening.

[GVI Forex 2]

EURUSD seems to be following a bounce in French stocks off the lows.

[GVI Forex 2]

Stocks;

Starting off the day in risk off

[GVI Forex 2]

June 14 (Reuters) – A look at the day ahead in U.S. and global markets by Alun John.

How U.S. consumers are feeling is the question for today, though it could be one of those relatively rare occasions when it’s developments in Europe and Asia that are driving the macro picture.

The University of Michigan’s consumer sentiment survey is due and last month’s reading was at a six-month low.

Morning Bid: Consumer check, but don’t forget France and Japan

[GVI Forex 2]

USDJPY 1 HOUR CHART – Whipsaw

 

Whether it was the BoJ covertly intervening above 1589 or safe haven flows selling EURJPY or a combination of both, USDJPY has whiosawed and is back into its range.

It is now dependent on 156.50-79 holding to keep the focus on 158.

[GVI Forex 2]

SAFE HAVENS ON FLIGHT FROM THE EURO

USD (EURUSD)

GBP (EURGBP)

CHF (EURCHF)

JPY (EURJPY)

[GVI Forex 2]

fRENCH ELECTION DATES

A long time for the cloud to hover over the EURO

SUNDAY JUNE 30 – SUNDAY JULY 7

[GVI Forex 2]

EURUSD DAILY CHART – RUN FOR COVER

 

 

EURUSD started the week down on French political news => raliied mid-week on US CPI -> ending the week down on French politics

Daily chart is clear, as long as it staYs below 1.0723 risk is for the MaY low at 1.0649 with the 2024 low at 1.0600 below it.

[GVI Forex 2]

FRA 40 CAC40) CFD WEEKLY CHART – WHY THE EURO IS WEEK

 

One look at the weekly French stock market tells you why the EURO has turned weak –FRENCH POLITICAL CONCERNS

[GVI Forex 2]

French politics weighing on euro

9( I was the I would be BoJ defending USDJPY above 158

[GVI Forex 2]

This is one of our most popular articles and after reading Knez’s post about 1.0850 it is worth showing again, both for those who have not read it and as a reminder for those who have read it as well.

My Favorite Trading Secret: The Power of the “50” Level

My Favorite Trading Secret: The Power of the “50” LevelI’m

[Belgrade Knez]

Wednesday was perfect retrace on EU to fill the opening gap and FVG up to 1.0850, then ystd back to down journey….. on my chart weekly needs to close below 1.0750 today to stay bearish ….. I love when price moves by the book. 🙂

Now price tested weekly low at 1.0719 next is to test previous month low at 1.0649

[GVI Forex 2]

USDJPY spikes briefly above 158 after BoJ decision not to reduce bond purchases

[Mtl JP]

MUSING
–
Poor vs Broke
– Poor is permanent

[Belgrade Bobby]

EURUSD 4h

Supports at : 1.07300, 1.07150 & 1.06950

Resistances at : 1.07600, 1.07800 &  1.08150

Last line of defence for EUR comes way lower at 1.06450

 

[Belgrade Bobby]

NASDAQ 100 Index

Broke every known resistance and hit the new high once again.

Closing on 20.000 psychological barrier.

 

[Belgrade Bobby]

Tesla Inc.  TSLA rose over 3% after shareholders approved proposals regarding Elon Musk‘s $56 billion compensation package and the company’s relocation to Texas

 

[Belgrade Bobby]

·  AMC Entertainment Holdings Inc.  AMC up 4.3%

 

[Belgrade Bobby]

Nvidia – NVDA

Stock-split mania is powering chip stocks higher once again

Nvidia, which completed its own stock split before trading began this week, was recently up more than 3%. The AI darling closed Wednesday with a market value of $3.08 trillion, slightly behind Apple and Microsoft among the most-valuable U.S. stocks.

 

[GVI Forex 2]

BTC 4 HOUR CHART – ON THE SIDELINES

 

 

BTC IS BACK INTO ITS 65-70K RANGE AND YOU CAN SEE WHT THE =65L-66K AREA IS IMPORTANT AS THERE IS A VOID TO 60k BELOW IT.

[GVI Forex 2]

US500 4 HOUR CHART – WATCH THE TRENDLINE

 

 

To keep it simple, treat any setbacks as a correction unless the trendline is broken.

[GVI Forex 2]

eurusd 4 hour chart -Bullseye

 

Same chart poisted well before the low was set

Low was dead on at the top of 1.0719-33 support.

[Mtl JP]

[Mtl JP]

euro 1.0740

feel free to take a side

euro 1.0740
see my earlier post about Support

[SF Monedge]

As a former CTA who put up ridiculous gains, I would put faith in Amazing Trader.

[SF Monedge]

Why your predesigned indicators don’t work – by a former blackballed CTA – so I hit Aussie right on the chin purely out of experience when every indicator said otherwise, knowing if I go to sleep the banks will do a stop run on my position overnight but they can’t afford to take it further and so I sat on it and the profit target filled.  So was flat on the backdraft and now back in flipping the bird and listening to “Crazy Babies” by Ozzie Ozzborne lol.   They didn’t get me this time.   That, ladies and gentlemen, is trading.  Other than Amazing Trader, not much else works other than option contracts.

After conference with Michael, who does futures, based on option contracts, and a few bankers, only I have access to, and my gardener, apparently the US Dollar is a buy, contrary to conspiracy theorists.  If you look at options contracts and fowardes it is right in front of our face, that doesn’t mean it can change on a dime, pointed out by GVI.  Here is the catch … your Youtube guru has no clue

Think like a banker running a billion dollars.  Pretty extreme comment.  But I a correct.  It is why I produce.

[GVI Forex 2]

EURUSD 4 MINUTE CHART – Simple Trading Approach

 

 

iI am sure it is tempting but here is a simple way to avoid the temptation to pick a bottom until there is a reason to do so.

I use AT lines (blue domiating) with no retracements) but here is another way by just looking at this chart.

Count how many red vs green candles you see and notice there have not been 2 green candles in a row. When you start seeing green candles building one after another you can say the selling is likely over.

Note, I was raised using bars so what I see on candles does not come from a textbook, just common sense.

[Author]

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