XAGUSD Commodity Elliott Wave Technical Analysis – Thursday, October 10
Silver Elliott Wave AnalysisShortly after reaching a new high for the year, Silver is pulling back. The bearish correction was majorly supported by a bullish dollar. However, this pullback is expected to finish above the 07-August low while buyers push further upside. On the daily chart, we labeled as wave ((A)) the bullish impulse wave sequence that started in […]
Gold Holds Bullish Momentum Amid Short-Term Corrections Bottom Line
The gold market is navigating a complex environment shaped by monetary policy uncertainty and escalating geopolitical tensions. This article presents the fundamental and technical developments in the gold market to project its next move. It reveals that gold is currently trading at a critical support level and is poised for its next direction. Fed’s Rate Cut […]
AUD/USD Price Analysis: Retreat From 0.6740 Amid Caution Ahead Of US Inflation
The AUD/USD pair falls back after a short-lived pullback to near 0.6740 in Thursday’s European session. The Aussie pair faces pressure as the market sentiment turn cautious ahead of the United States (US) Consumer Price Index (CPI) data for September, which is scheduled at 12:30 GMT.S&P 500 futures have posted some losses in European trading hours, exhibiting […]
The Boeing Company Stocks Elliott Wave Technical Analysis – Thursday, October 10
BA Elliott Wave Analysis Trading Lounge Daily Chart,The Boeing Company, (BA) Daily ChartBA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (C)DIRECTION: Downside within wave (C).DETAILS: Looking for downside within wave (C) as we seem to have had a clear three wave move in wave (B) and we are now looking for further downside. The Boeing Company, (BA) […]
When Is The Worst Time For Your Retirement Savings To Take A Hit?
When is the absolute worst time to take a hit to your retirement savings?Almost by definition, it has to be after you’ve retired. If it happened before you were planning to retire, you would have the option to postpone your retirement date, giving yourself additional time to add to your retirement savings.But that’s not something […]
Congressional Trades As A New Trading Strategy
The Influence of Election Season on the Economy and Stock MarketElection season consistently impacts the economy and stock market, but the last decade has revealed a deeper connection between political actions and market performance, particularly involving Congress. Despite attempts to address ethical concerns surrounding insider trading, the gap between the wealthiest 1% and retail traders […]
GBPAUD Forex Elliott Wave Technical Analysis – Thursday, October 10
GBPAUD Elliott Wave Analysis Trading Lounge British Pound/Australian Dollar (GBPAUD) Day ChartGBPAUD Elliott Wave Technical Analysis FUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Navy Blue Wave 3 POSITION: Gray Wave 5 DIRECTION NEXT HIGHER DEGREES: Navy Blue Wave 3 (started)DETAILS: Navy blue wave 2 appears to be complete, with navy blue wave 3 now underway. Wave Cancel Invalid […]
EUR/USD Remains Vulnerable As US Inflation Looms Large
EUR/USD slides further to near 1.0930 due to the Euro’s (EUR) underperformance against its major peers amid escalating European Central Bank (ECB) dovish bets. A majority of ECB officials have argued in favor of reducing interest rates further as risks of inflation remaining persistent in the Eurozone have significantly eased after the September flash annual Harmonized Index of Consumer Prices (HICP) report […]
AUD/JPY Forecast: Eyes Key ¥100 Level New Zealand Cuts Rates
In my daily analysis of yen related pairs, the AUD/JPY pair continues to be one that I watch, especially as we are hanging around in a massive, large, round, psychologically significant figure in the form of the ¥100 level. The ¥100 level will attract a lot of attention by itself, but we also have some […]
Unlocking ASX Trading Success: CAR Stock Analysis & Elliott Wave Technical Analysis – Thursday, October 10
ASX: CAR GROUP LIMITED – CAR Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) CAR GROUP LIMITED – CAR. We see CAR.ASX pushing higher, but it will take some time until the wave count reaches its highest probability through enough price action evidence.ASX: CAR GROUP […]
