[Mtl JP]

bare calendar
–
15:20 – guindos yaks

[SF Monedge]

Expecting a slight rebound in Aud pairs here before it declines toward AudUsd 6400 again.

[GVI Forex 2]

BTC DAILY CHART – IS AIR COMING OUT OF THE BUBBLE?

Similar to XAUUSD 2300-2400, BTC has seen moves outside of 60000-70000 lack follow through.

This is close to being tested with the key level around 59561-59561 and 60000 looming below.

So watch the close vs 60000 with the onus on the Bulls to have it trade above it.

[SF Monedge]

GbpUsd should see the 2420 area again in coming days after oscillating around the mid to high 2550s.  Side note that was a really big miss on consumer confidence.  Consumer not happy.  Wages still rising.  Fed must be exasperated.

[Belgrade Bobby]

EURUSD 4h

As long as this bar stays below 1.07100, chances are for the downside – pretty clear till 1.06750.

For an Up move, what I don’t like is that Uptick in previous Bar – unless something unexpected happens, for any move up we need Time at the first place….several bars..

[Belgrade Knez]

CB Consumer Confidence fell below 100 …… last time it was below 100 was in August 2022

 

[SF Monedge]

Like testing the sell side of EurCad here in the 8920’s

[GVI Forex 2]

Big downside miss in CB Consumer Confidence

SEE OUR ECONOMIC CALENDAR

[Belgrade Knez]

US data didn’t took out daily low on EU …… if it doesn’t at NY cut, we are back on the up move again

[GVI Forex 2]

CHI PMI – big miss on the downside

PMI is said to be heavily influenced by Boeing operations.

[Belgrade Knez]

Bobby 1:26 pm

I didn’t know you can control market direction by your trades 😉 …… I will keep in mind for the next time 🙂

 

[GVI Forex 2]

Chicago PMI due shortly, Subscribers get the data minutes before the public release.

[SF Monedge]

Went long yesterday EurGbp around 8530 but it is having issues around 8550 so cashed in and now flat and looking to be long again and hold on any attempt to go find lower value.

[Belgrade Bobby]

LOL Knez, why didn’t you say so 😀 We could’ve pushed it sooner 😀

[Belgrade Knez]

Bobby 12:23 pm

I did care as I was short ….. 🙂

 

[SF Monedge]

I believe AudUsd should pull back up in coming hours to around 6525 where there is a good R/R to short and hold if  you missed it for a few days if it sticks.  Overall Aud is a nice buy especially against crosses so my preference is to be long those crosses.  Usd has rate dominance overall so if it is selling it is just smaller cycle.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – HAS THE BUBBLE BURST?

The jury is still out in XAUUSD as the bulls need to keep closes above 2300 to maintain a 2300-2400 range and a pattern where moves outside of it lack follow-through.

As I noted yesterday, bias within this range is tilted down as long as it stays below 2350.

Now it needs to hold 2291 and keep closes above 2300 or risk points lower.

[SF Monedge]

I believe we see Dxy 106.50 eventually while the BoJ continues to disrupt the flow along the way.

[GVI Forex 2]

HOTTER US EMPLOYMENT COST INDEX… USD UP, YIELDS UP, STOCKS DOWN IN KNEE JERK REACTION

SEE OUR ECONOMIC CALENDAR

[GVI Forex 2]

There was a Global-View member. a bank trader working for Japanese bank who gave the JPY a nickname I never forgot. He called the JPY “The Devil “ The reason, as he said was because “the YEN had destroyed more trading careers” than any other currency.

Currency Intervention and Why the JPY is Called : “The Devil”

Currency Intervention and Why the JPY is Called : “The Devil”

[Belgrade Bobby]

Frankly Knez, I don’t care for the direction – as long as I see it in time and I get a trading signal…

[Belgrade Knez]

Bobby,

Hopefully data send EU down to 1.0700 and further down

 

[Belgrade Bobby]

Agree Knez….but why did oyu have to ruin it all with mentioning the Data 😀

[Belgrade Knez]

Bobby

Our 4h charts looks the same since summer time adjusted …. however, this 4h still long time to go and we have US data before it closes

[Belgrade Bobby]

Knez, this 4H Bar has to close below 1.07100 to signal any attempt to the downside.

You said once that your 4h chart is not the same as mine – time wise – this last bar opened at 11h our time.

I have fine tuned everything based on it – for over 2 decades – so I would recommend you to get a charting system that has same timing.

EURUSD is kind of lame from April 16. , so it really doesn’t look as capable of real achievement on the upper side…still…what I learned first about EUR is that it can take it’s sweet time like forever, and then suddenly decides to run…

When you look at it, this is a clear Sideways to nowhere situation (kind of Up, but only on smaller time frames) .

We must be patient with this pair and it will show us the way.

[GVI Forex 2]

EURGP 30 MIN – Now faces resistance

Following up on my earlier post where looming support proved too tough and now EURGBP is facing resistance at the .8561 level cited in that post. So far .8555 resistance is holding, needing to stay above .8545 to keep its bid.

Take note of the two red Amazing Trader (AT) lines highlighted, otherwise known as an AT Directional Indicator, signaling a potential shift in directional risk that played out.

The Amazing Trader

[Belgrade Knez]

if EU breaks below 1.0720 then we might see further down move ….. or maybe on the way to test yesterday low!?

 

[Belgrade Bobby]

EURUSD 4 H

Pair couldn’t close bellow 1.07000 even once…However, it couldn’t surmount 1.07350 as well..

Time is of esence now…or pigs might fly after all…

[GVI Forex 2]

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

World markets stalled on Tuesday as another heavy earnings week for megacap stocks cranked up, with renewed slippage in Japan’s yen and U.S. Treasuries eyed closely in the background.

Morning Bid: Yen slips anew with Amazon due, Treasury plans irk

[GVI Forex 2]

EURUSD POPS => EUR CROSSES POP (SEE EURGBP)

Month end or news (Flash GDP beats forecasts)

See our Economic Calendar

[Author]

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