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EURUSD 1 HOUR CHART – KEEP IT SIMPLE
To keep it simple, 1.08 is the buy/sell; bias indicator that will dictate whether the retracement has legs or the downside stays at risk.
To negate this retracement attempt and shift the focus back to the lows, 1.0746 would need to be broken.
On the upside, a move above the 61,8% level (1.0840) would be needed to shift the focus back to 1.09
Note the 2 blue Amazing Trader lines drawn off 1.0824, which indicated a change in the directional risk (back to the downside) has so far paused above 1.0746.
Current intra-day range 1.0760-90, too tight to last.
US500 4 HOUR CHART – What’s the target?
Are stocks the outlier in the Trump Trade as they continue to rise while the other components retrace some of the post-election moves?
If you are looking for a level that might force a pause without standing in front of a runaway train, keep an eye on 6000.
In any case, look for support on any deep dip as long as 5900 holds on the downside.
USDJPY 4 HOUR RETRACEMENT?
Given the straight line move up, there are no obvious supports until 151.28.
Of course, there is 152, which is one of those pivotal buy/sell bias levels.
Otherwise, look at these FIBOs for 151.28-154.71 as potential levels of support.
Note, the low at 152.68 came close to the 61.8% level.
USDMXN DAILY CHART – Trump Trade Fades
The initial reaction to the Trump win was to treat currencies such as MXN as if tariffs were put on immediately This is part of the so-called Trump Trade.
Given that President Elect Trump does not take office for another 2 months some cooling of the initial reaction should not be a surprise..
In any case, watch 20.00 as that is the buy/sell bias indicator level,. Note the layers of support between 19.00-20.00
BTCUSD 4 HOUR CHART – RECORD HIGH BUT…
I generally prefer to focus on big figures, such as 70K, 75K, 80K given the volatility of this crypto.
If I went strictly by this chart a case can be made for a pause that would need a break of 75293 to confirm.
Even with that expect support as long as it can hold 75K.
Nvidia – NVDA
Going straight for the top of the channel ?
Analysts Keep Close Watch on Nvidia Q3 Earnings as AI Demand Drives Growth
Nvidia Corp. (NVDA, Financial), a chipmaker and leader in computer processors and graphics, is set to release its third-quarter results on November 20, marking one of the last major tech earnings announcements of the year. The stock, which has risen more than 200% over the past year, remains a Wall Street favorite, largely due to its pivotal role in powering AI and data processing needs.
Trump Media – DJT
Opssss – morning after came faster than you could expect…Have Kamala shorted this ride 😀
Trump Media shares slump as US election euphoria fades
Shares of Trump Media & Technology Group DJT slumped to a two-week low on Thursday, as speculative bets on Donald Trump winning the U.S. presidential election lost steam a day after his victory.The stock was nearly 20% lower at 10:25 a.m. ET, on track to erase its 6% gain on Wednesday after majority owner Trump defeated Democrat Kamala Harris to secure a second White House term.
Tesla Inc – TSLA
Tesla on the run…
Tesla Soars 20% Post-Election: Is This the Start of a Bull Run?
Tesla Inc. (TSLA, Financial) shares are riding on a meteoric ride, surging 20% in the last 5 days, hitting a record high of over $298 following Donald Trump’s victory in the U.S. presidential election. The stock rally added approximately $15 billion to Tesla CEO Elon Musk’s net worth, pushing his fortune to an estimated $280.3 billion. This stock rise eclipsed Tesla’s previous peak of $273.54, set in late October.
