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Day Chart Elliott Wave Technical Analysis: USD/CAD – Tuesday, October 24

Day Chart Elliott Wave Technical Analysis: USD/CAD – Tuesday, October 24

Oct 24, 2023 Finance, No picture 0

USD/CAD Elliott Wave Analysis Trading Lounge Day  Chart, 24 October 23U.S.Dollar /Canadian Dollar(USD/CAD) Day ChartUSD/CAD Elliott Wave Technical AnalysisFunction:   Counter TrendMode: impulsive as C of flatStructure: FlatPosition: black wave 2Direction Next Higher Degrees:Black wave 3  Details:  blue wave C of Flat pattern in wave 2 in play . Wave Cancel invalid level : 1.30910The USD/CAD […]
Gold Price Challenging Uptrend Line, Eying US Data

Gold Price Challenging Uptrend Line, Eying US Data

Oct 24, 2023 Finance 0

The bias remains bullish despite the current retreat. The US manufacturing and services data should be decisive. Taking out the immediate obstacles activates further drop. FreepikThe price of gold faced a loss in the last hours. The precious metal is trading at $1,967 at the time of writing. The bias remains bullish despite the current […]
The Situation In The Middle East Has A Negative Impact On Market Sentiment

The Situation In The Middle East Has A Negative Impact On Market Sentiment

Oct 24, 2023 Finance, No picture 0

Photo by Adam Śmigielski on UnsplashAmerican stock indices traded yesterday without any unified dynamics. At Monday’s close, the Dow Jones Index (US30) decreased by 0.58%, while the S&P 500 Index (US500) was down by 0.17%. The NASDAQ Technology Index (US100) closed positive by 0.27%. The decline in T bond yields on Monday was bearish for the US dollar and bullish […]
All About Our 14 Quantum Computing Hardware Developers: Their Progress And News

All About Our 14 Quantum Computing Hardware Developers: Their Progress And News

Oct 24, 2023 Finance 0

 What Is Quantum Computing?Quantum computing (QC), unlike classical computing where data is known as a bit which can be either 0 or a 1 thus giving it binary qualities, uses qubits instead of bits and they exist in any proportion of both states at the same time (superposition) and can be entangled or invisibly connected […]
Coca-Cola Gain On Q3 Earnings & Revenue Beat

Coca-Cola Gain On Q3 Earnings & Revenue Beat

Oct 24, 2023 Finance 0

Image Source: Pexels The Coca-Cola Company (KO – Free Report) has reported third-quarter 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Earnings and sales also improved year over year. The company’s results have benefited from its continued business momentum. KO has raised its view for 2023.Comparable earnings of 74 cents per share grew 7% […]
3 Insights To Look For In Microsoft’s Earnings Report

3 Insights To Look For In Microsoft’s Earnings Report

Oct 24, 2023 Finance 0

Wall Street is bracing for an important week for corporate earnings, with tech behemoth Microsoft (MSFT) set to report its Q3 results after the market closes on Tuesday. Three areas that might be of particular concern to analysts include the cloud segment, generative AI developments, and the Productivity and Business Processes segment. Overall, the Windows maker […]
Israel Should Not Sacrifice Herself At The Altar Of World Acceptance

Israel Should Not Sacrifice Herself At The Altar Of World Acceptance

Oct 24, 2023 Finance, No picture 0

Image Source: Unsplash It’s clear Israel will never be the world’s darling. In the aftermath of the most heinous terror attack in our nation’s history, we enjoyed a brief outpouring of support. But soon enough, the demands and pressures return, keeping Israel on the perpetual back foot. This pressure to not defend ourselves is not new, […]
Manipulations Will Work… But Only For So Long

Manipulations Will Work… But Only For So Long

Oct 24, 2023 Finance 0

“Someone” saved stocks yesterday.FreepikThe day started with the S&P 500 breaking below:1) The 200-DMA (red line in the chart below).2) The October lows at 4,223 (purple line in the chart below).3) CRITICAL support at 4,200 (blue line in the chart below).This happened as the yield on the 10-Year U.S. Treasury breached 5% for the first time […]
Chart Of The Day: Microsoft Still Looks Great!

Chart Of The Day: Microsoft Still Looks Great!

Oct 24, 2023 Finance 0

The Chart of the Day belongs to software company Microsoft (MSFT). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation.  MSFT […]
Marathon Digital Up 13.5% In Premarket As Bitcoin Soars Beyond $34,000

Marathon Digital Up 13.5% In Premarket As Bitcoin Soars Beyond $34,000

Oct 24, 2023 Finance 0

Bitcoin (BITCOMP) staged a massive pump, with its price reaching as high as $35,300 on Tuesday, driven by positive developments regarding the approvals of spot Bitcoin exchange-traded funds (ETFs).FreepikThe optimism was also felt in crypto stocks, with Marathon Digital (MARA) and Riot Blockchain (RIOT) seeing double-digit gains in premarket trading. Bitcoin Above $35,000 for the First Time Since […]