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BTC/USD Forecast: Offers Value On Dips

BTC/USD Forecast: Offers Value On Dips

 I currently hold no desire to short Bitcoin as it continues to exhibit a pronounced bullish bias.  On Thursday’s trading session, Bitcoin experienced a minor retreat, indicating an ongoing quest for value in the market. Undoubtedly, the market has displayed bullish sentiment over the past few weeks, but it appears that it may have surged ahead of […]
Texas Instruments Inc. Elliott Wave Technical Analysis: Friday, December 8

Texas Instruments Inc. Elliott Wave Technical Analysis: Friday, December 8

Texas Instruments Inc., Elliott Wave Technical AnalysisTexas Instruments Inc., (TXN): 4h Chart 8 December 23TXN Stock Market Analysis: We have been looking for upside into wave (iii) with the previous update and we have successfully continued higher. We are now seeing resistance at the end of Minor Group 2 as we could enter a potential […]
Bitcoin Falls Below $43500, While Ethereum Jumps To $2392

Bitcoin Falls Below $43500, While Ethereum Jumps To $2392

Bitcoin chart analysisThe price of Bitcoin is slowly moving away from the $44000 level. At one point yesterday, we fell to the $42,800 level. Since then, we have been in a sideways consolidation in the $42800-$43800 range. We are under more pressure as we are now closer to the lower support level, which could affect […]
Bear Of The Day: Clearway Energy

Bear Of The Day: Clearway Energy

The long-term prospects of alternative energy player Clearway Energy (CWEN)  may still be perplexing but unfortunately, there may be more short-term risk ahead landing its stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.After widely missing earnings expectations for two consecutive quarters investors may want to curb their enthusiasm for Clearway’s luring […]
Analytical Overview Of The Main Currency Pairs – Friday, December 8

Analytical Overview Of The Main Currency Pairs – Friday, December 8

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0762 Prev Close: 1.0792 % chg. over the last day: +0.27 % The euro initially fell to a 3-week low on Thursday after an unexpected drop in German industrial production in October pushed German 10-year bond yields to an 8-month low. However, the euro rose moderately towards the end of […]
October Job Openings One More Data Point To Confirm Ongoing Labor Deceleration, Which Is Destined To Weaken Further Next Year

October Job Openings One More Data Point To Confirm Ongoing Labor Deceleration, Which Is Destined To Weaken Further Next Year

More evidence came out this week that the labor market is in deceleration and more weakness lies ahead. Non-farm job openings tumbled 617,000 month-over-month in October to 8.73 million. This was the lowest since March 2021. The series reached a record high in March last year when there were as many as 12.03 million openings. […]
Ethereum Forecast: Trying To Offer Value 
                    
The Bottom?

Ethereum Forecast: Trying To Offer Value The Bottom?

 In essence, Ethereum’s recent correction is not a sign of inherent weakness but rather a necessary step to establish a more sustainable foundation for future growth. Ethereum experienced a modest dip during the early hours of Thursday, a development that, quite frankly, was long overdue. Ethereum, in tandem with Bitcoin and numerous other cryptocurrencies, has […]
GBPUSD 4 Hour Chart Elliott Wave Technical Analysis: Friday, December 8

GBPUSD 4 Hour Chart Elliott Wave Technical Analysis: Friday, December 8

GBPUSD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 8 December 23British Pound/U.S.Dollar (GBPUSD) 4 Hour ChartGBPUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: red wave 5 of 3Position:  black wave 3Direction;Next Higher  Degrees: red wave 5(started)Details:red wave 4 of blue wave 3 looking completed at 1.25442 Now wave red 5 of 3 is in play […]
GBPUSD Day Chart Elliott Wave Technical Analysis: Friday, Decemeber 8

GBPUSD Day Chart Elliott Wave Technical Analysis: Friday, Decemeber 8

GBPUSD Elliott Wave Analysis Trading Lounge Day  Chart, 8 December 23British Pound/U.S.Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: red wave 5 of 3Position:  black wave 3Direction;Next Higher  Degrees: red wave 5(started)Details:red wave 4 of blue wave 3 looking completed at 1.25442 Now wave red 5 of 3 is in play . Wave […]
GBP/USD Price Analysis: Dollar Gains Before Critical US NFP Data

GBP/USD Price Analysis: Dollar Gains Before Critical US NFP Data

In Friday’s GBP/USD price analysis, a bearish tone prevails as the pound succumbs to a stronger dollar ahead of a pivotal US employment report. Investors keenly anticipate the release of the US non-farm payrolls, eagerly seeking insights that could illuminate the Fed’s next policy decisions.A Reuters poll estimates that the US unemployment rate remained 3.9% […]