[SF Monedge]

The outside contracts in the US 2yr note have transitioned to a slight sell bias overall finally but a bounce from current levels is fully conceivable.  The nearby contracts are flat overall in the larger scheme after running up.  It created a moderate overall sell bias for us last Friday.  Preference going forward is selling runs uphill and the same for Euro as I’ve been noting since last week.  See bids coming in today early, stocks are not done overall.

Doesn’t take the wizard of OZ to see it.

[GVI Forex]

USDCAD 4 HOUR CHART – KEY RESISTANCE CITED

USDCAD testing its upside but would need to get through 1.3690 (see chart) to confirm the low is in and suggest more scope on the upside.

TRxpect support as long as it trades above 1.3650 but price action is still within the current range.

Note the trade at the bottom of this chart was an earlier AT Alert.

See The Amazing Trader Story

[SF Monedge]

The majority of transactions in EurJpy are taking place between 169.75 and 169.50.  The sell side is dominant obviously, but it shouldn’t take much to see a bid take hold, especially in stocks, which affects Eur in general.  Balance is at 169.65.  Dow futures may be poised to try for 39950 despite the selling overnight.

[Belgrade Bobby]

Nvidia Daily

$10,000 invested in $NVDA 10 years ago is worth $2,197,000 today.

Good luck to holders with earnings today.

 

[Belgrade Bobby]

BTC Daily

The LSE confirmed it would accept applications for bitcoin (BTC) and ether (ETH) products in the second quarter. The FCA introduced a ban on crypto derivatives products including ETPs in January 2020.2 hours ago

[GVI Forex]

USDX last trade 104.90 (scroll below to see USDX update)

[GVI Forex]

I have gotten several inquiries asking how to get posting access on our Forex Forum. The simplest way is to register (upper right) and then contact me so we can authorize your access. Alternatively, email me at jay@global-view.com and I will help set you up.

[GVI Forex]

EURUSD 4 HOUR CHART – WATCH THE TRENDLINE

Key trendline is being tested…

[GVI Forex]

EURGBP DAILY CHART – MAJOR SUPPORT LOOMS

EURGBP extending its low and while below .8534 (not shown on this chart), risk is to .8502 (suggests .8500 as well) and major support at .8484.

On the upside, would need a move to s.8521 to slow the risk but only above .8534 would negate it.

[Belgrade Bobby]

EURUSD Daily 

[Belgrade Bobby]

EURUSD 4h

Support at 1.08350 , 1.08150 & 1.08000

Resistance at 1.08550, 1.08650 & 1.08750

As expected yesterday, we have reached the support zone. Now watch 1.08350 and 1.08150 as possible launching pads for another attempt Up.

Pattern wise, this is a moment when we have to sit back and wait to see – both ways are possible – 50-50 chance.

If below 1.08150  it would open a way for bigger correction.

[GVI Forex]

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

While the inflation and interest rate world continues to throw up unpleasant surprises, it’s hard to imagine much of a shift in major indexes on Wednesday as Nvidia’s (.NVDA), opens new tab earnings drum roll builds through the session before a post-bell release.

Morning Bid: Nvidia nears, UK CPI lunge misses target

[GVI Forex]

In my USDCHF post (scroll below), I mentioned a 4-week high. It was not a random observation. The importance of the 4-week high or low is explained in the following:

The Four Week Trading Rule

The Four Week Trading Rule

[GVI Forex]

USDX 4 HOUR CHART – PROXY FOR THE EURUSD?

With the EURUSD representing 57.6% of the US Dollar Index (USDX), this index can at times be used as a proxy for what is seen on a EURUSD chart.

In this USDX chart, momentum is trying to build to the upside that needs to take out 105.10 to indicate an end to this latest leg to the downside.

Re EURUSD, this was posted by Michael Caif yesterday

May 21, 2024 at 8:17 pm|
michael Calif

Option Profile now BEARISH Euro futures – any rallies should be sold

[Mtl JP]

GVI 8:13
At 1.2728 GBP is now backed off 50% of reaction to earlier inflation stickiness.
—

IF u d like chuckle:

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[GVI Forex]

USDCHF 4 HOUR CHART – Underperformer but resistance looms

A tight range so far this week but USDCHF momentum is pointed up but faces layers of resistance until the .9224 high.

The significance of this level is it is a 4-week high, a break of which would be significant.

Expect support on dips as long as it stays above 9078

[Mtl JP]

DLRCHF 9130 – at previous H
next R or trgt: 9138

[GVI Forex]

GBPCHF WEEKLY CHART – WHAT’S HOT AND NOT?

What’s hot: GBP

What’s Not: CHF

GPBCHF trying for a breakout through the top of a range that has capped the upside since Oct 2022 at 1.1577.

In this regard, it needs to hold above 1.1577 to expose 1.1717 as the next target.

[GVI Forex]

UK inflation falls less than expected, dashing June rate cut hopes

See our Economic Calendar

GBPUSD needs to hold above 1.2726 to maintain the breakout.

[Mtl JP]

DLRCHF 9126 – HoD 9130
–
I am embarassed – wrong 2 x in row

[Author]

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