[GVI Forex 2]

EURUSD 4 HOUR CHART

I went to the 4-hour chart to find the next levels as EURUSD trades to a 5-week low

To state the obvious, 1.08 will set its tone.

Intra-day chart will follow

[GVI Forex 2]

AUDJPY 4 HOUR CHART – SHORT JPY POSITIONS BEING UNWOUND

USDJPY IS ABOUT UNCHANGED WHILE THE USD IS FIRMER VS OTHER PAIRS

AUD AND NZD ARE WEAKEST, EUR THEN GBP AND CAD ARE NEXT

WHAT DOES THIS TELL YOU?

JAPANESE INTERVENTION THREAT IS BEING TAKEN SERIOUSLY AHEAD OF A LONG HOLIDAY WEEKEND AS SHORT JPY (CARRY TRADE?) CROSSES ARE BEING UNWOUND

ON THIS CHART AUDJPY NEEDS TO TRADE BACK ABOVE.9842 OR RISK STAYS ON THE DOWNSIDE

[Belgrade Bobby]

Thursday Important data – Economic Calendar

USD Growth rate QoQ Final

USD GDP Price Index QoQ Final

USD Core PCE Prices QoQ Final

USD Initial Jobless Claims

USD Michigan Consumer Sentiment Final

With the data above, we can expect some lively moves today, in this pre Easter week .

[GVI Forex 2]

JP, Fed’s Waller just spoke

More hawkish than dovish

No rush to cut rates

Fed may have to maintain the current rate target for longer than expected

More inflation progress is needed before supporting a rate cut

[GVI Forex 2]

USDX 4-HOUR chart – Trend is still up but consolidating

To be exact, 104.57 is the key level.

EUR is 57.6% of the USDX

[SF Monedge]

Dollar Index does not like 104.50 and it appears some liquidity would be needed to change that for now.

[Belgrade Bobby]

EURUSD 4H

As long as the pair stays bellow 1.08250, the direction is Down

Targets 1.08000 

[SF Monedge]

JP – Well they will just have to wait a little bit or I will have to teach them a lesson.  Viewing options contracts in Euro the sell side is of course still dominant but it will take some decent liquidity to push the contracts significantly lower in the short term at these levels in my view.  Euro likes to move with the Dow a lot.

[Mtl JP]

game on !
–
cnbc 27 mins ago
“A majority of investors believe a stock market pullback is near, according to CNBC survey.”

[GVI Forex 2]

BTC 4-hour chart

Technicals still provide support as long as the trendline holds…

but one look at the candle I highlighted with the arrow should tell you all you need to know about liquidity, which will only get thinner.

[SF Monedge]

GVI – On that note I am exploring the sell side of UsdChf up here around 9069

[GVI Forex 2]

Keep in mind we are heading into month/quarter end. I read one bank model saying to expect moderate USD selling for the quarter end.

This is not an exact science so just acting as the messenger.

[GVI Forex 2]

Re US500 — last 5222 after testing and holding 5238.

See my earlier post.

[GVI Forex 2]

XAUUSD 1 HOUR CHART – Up but consolidating

I don’t trade gold but look at it and BTC as signs of general distrust of fiat currencies.

Chart levels are clear at 2200 on the upside and support as long as 2167-71 holds.

[Mtl JP]

DLRx 104.14
–
skinny price moves
just BoJ is feeling “high sense of urgency” (for the supposed benefit of players’ animal spirits)
fwiw japan is open of Fr and on Mon

voter waller yaks at 6pm nyt & holds a Q&A

13:00 – yellen peddles off 43bn of 7yr paper

[Belgrade Knez]

Bobby ….new 4h starts at NY cut …..less than 30min from now

[Belgrade Bobby]

Knez, I’ll FLIP if I have to wait another 4h 😀

[Belgrade Knez]

let see what next 4h at NY cut will give us

[Belgrade Knez]

Bobby ….. entry from 1.0832 gave some profit ….. hope for more at NY cut

 

[GVI Forex 2]

New blog article

Would I Intervene in USDJPY If I Was in I was in the BoJ’s Shoes?

[Belgrade Bobby]

Knez – so far 3 pips….hope it is not that day when I have to fight for 2-3 pips…

[Belgrade Knez]

looks like next 4h candle starting at the top of the hour can send it down below 1.0800 ….

(for some reason can’t attach the chart….will try to post separate)

[GVI Forex 2]

US500 1-HOUR CHART (for those using SPX500 the rates may differ but chart patterns should be similar)

There seems to be a lot of interest in stocks today so looking through my charts the one-hour chart stood out with a trendline/resistance coinciding at this hour. This is the closest key area on the upside.

With quarter-end approaching, rebalance and end-of-quarter flows will dominate (note US stocks are closed on Friday)

[Belgrade Bobby]

GBPUSD Intraday 4h

Resistance at  1.26250 , 1.26800 & 1.26900

Support at  1.26000, 1.25750 & 1.25000

Currently in Sell mode . Close bellow 1.26200 at 13:00 GMT would lead it another lag Down.

[Belgrade Bobby]

EURUSD Intraday 4h

Resistance at  1.08250 & 1.08400

Support at  1.07950 & 1.07700

Next 4h expect another push down

[GVI Forex 2]

Good flow by me in the JPY

Low at 151.05 vs 151.00 support

The Japanese meeting being publicized is like a form of verbal intervention.

Watch JPY crosses as a sign the market is on intervention alert.

[GVI Forex 2]

Good flow by me in the JPY

Low at 151.05 vs 151.00 support

The Japanese meeting being publicized is like a form of verbal intervention.

[GVI Forex 2]

ALERT: USDJPY dives after reports that the BoJ, FSA will hold a meeting at 09:15 GMT to discuss financial markets.

[GVI Forex 2]

This is a very timely article posted yesterday in our blog

With USDJPY setting a new 32-year high, traders are keeping one eye out for any hints of intervention, This has seen Japanese officials step up verbal intervention in an effort to contain or at least deter the USDJPY from making a run at another new high.

Trader Alert: Will the Bank of Japan Intervene and Does Forex Intervention Work?

[GVI Forex 2]

Summary

Yen slips to 34-year low at 151.97 per dollar

Finmin Suzuki says authorities could take ‘decisive steps’ Phrase was used ahead of previous intervention in Oct 2022

Analysts warn yen weakness in yen risks domino effects

Japan makes strongest intervention warning as yen hits 34-year low

[Author]

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