Stocks Stall Ahead Of Massive Data Dump And Earnings
Stocks finished flattish on the day, but we are moving into the busiest part of the week. Now that Meta’s results are out of the way, we will have GDP and PCE to finish the week off, along with earnings from Microsoft and Alphabet. On top of that, next week will be even busier with […]
The Bear Market Rally Of Oct22-Mar24 Is Over
The bear market rally which began on October 13, 2022 with an intraday low of 3,492 topped on March 28, 2024 with an intrday high of 5,265. From top to bottom the S&P rallied about 50%.It has been well said that “bottoms are events while tops are processes”. In this blog, I will review the […]
GBPUSD Reverses Course: Downtrend Over Or Bullish Correction?
GBPUSD’s recent price action indicates a potential shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Breaks Above Trend Line Downtrend Correction Likely: GBPUSD has decisively broken above the falling trend line on the 4-hour chart. This trend line had been a key resistance level throughout the […]
Elliott Wave Intraday Analysis On GBPUSD Shows 5 Waves Bullish Impulse
Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.2894. Down from […]
Cardano Crypto Price News Today Elliott Wave Technical Analysis
Elliott Wave Analysis TradingLounge Daily Chart,Cadarno/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 0.358Cadarno/ U.S. dollar(ADAUSD)Trading Strategy:The second wave correction in the Expanded Flat pattern, where we are in the middle […]
Market Analysis: Exploring Future Trends With Elliott Wave In Leading Indices
Image Source: DepositPhotosStock Market Report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, SPY, QQQ, META, AMZN, MSFT, NVDA, ASX 200. Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Meta Platforms should find support in the 400 – 380 area. Amazon dropped less but has the same bearish pattern and these moves move the […]
Meta Takes A Guidance Slide Amidst The Battle Between Yields And Earnings
Image Source: DepositPhotosWednesday saw a back-and-forth session for traders grappling with the challenge of rising US yields amid encouraging earnings reports. However, late-hours trading witnessed a downturn in the S&P 500 as major tech stocks, including Meta Platforms Inc., experienced a sell-off. Meta’s disappointing outlook cast doubt on whether the market’s enthusiasm for artificial intelligence, […]
AUD/JPY Price Analysis: Bulls Steer The Market Towards 101.00, Its Highest Since 2014
The AUD/JPY market showcases an increasingly bullish trend. The cross stabilized at 100.89 on Wednesday, after rallying to a high at 101.12, its highest since 2014. The general market interest leans towards the buyers as the pair follows an upward trend and surpasses significant levels. However, as the pair gained nearly 1.50% in the last […]
GBP/JPY Cracks Fresh Nine-Year High At 193.60
The GBP/JPY broke into a fresh nine-year high above 193.60 on Wednesday as the Pound Sterling (GBP) sees recovery bidding and the Japanese Yen (JPY) continues to weaken despite increasingly interventionist rhetoric from the Bank of Japan (BoJ). According to reporting from Nikkei, the BoJ is set to discuss the “impact of accelerating Yen depreciation”, a […]
Will Gold Prices Keep Rising In 2024?
Image Source: Pixabay Yesterday the gold price had a bad day, falling by more than 2%. Is this indicative of things to come? We don’t think so. Whilst we may well see some additional pullback, we don’t expect this to be the end of the gold price rally. Currently, gold is stuck between a rock and a […]
