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DAX Remains In Strong Bullish Trend

DAX Remains In Strong Bullish Trend

Image Source: DepositPhotosDAX has seen some deep pullback in 2023, but it was  A-B-C drop into the important 14400-14600 area from where we can see nice and clean impulsive recovery from that support zone, and back to new highs, so bullish trend is here, and it’s very strong one. Its a trend that can resume […]
The Long Slog To REIT Recovery Is Starting Now

The Long Slog To REIT Recovery Is Starting Now

Image Source: Unsplash  Real estate investment trust (REIT) values are inversely sensitive to rising interest rates. With the Federal Reserve starting the most rapid rate increase trajectory in history two years ago, REIT values have fallen by about 35% over the same two years.With interest rates likely to stay higher for longer, what are the prospects […]
Solana And Cardano: Cardano Stumbles Below The 0.650 Level 
                    
 

Solana And Cardano: Cardano Stumbles Below The 0.650 Level  

Solana chart analysisThe price of Solana retreated from yesterday’s high today to the $182.00 level. We were close to capturing the $200.00 level yesterday but stopped at $198.00. This was followed by a pullback first to the $185.00 level. Then, we saw an attempted recovery, but it was stopped at the $192.70 level. From there, we continue […]
Japan May Conduct Currency Intervention Shortly

Japan May Conduct Currency Intervention Shortly

Image source: Pixabay  As of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 0.08%. The S&P 500 Index (US500) was down 0.28%. The Nasdaq Technology Index (US100) closed negative 0.42%.On Tuesday, stock indices gave up early gains and suffered moderate losses. Nvidia (NVDA) fell more than 2%, causing chip maker stocks to fall, which impacted the overall market. Eight of the eleven […]
BTC/USD Forex Signal: Bearish Short-Term Price Action

BTC/USD Forex Signal: Bearish Short-Term Price Action

BTC/USD exhibits bearish short-term trends; potential pivotal zones could dictate trading strategies. Focus on key support/resistance levels for entry points.My previous BTC/USD signal on 19th March was not triggered as none of the key support or resistance levels were hit that day. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time Thursday. […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, March 27

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, March 27

Image Source: Unsplash  EURUSD Elliott Wave Analysis Trading Lounge Day Chart,    Euro/U.S.Dollar(EURUSD) Day Chart  EURUSD Elliott Wave Technical AnalysisFUNCTION: Counter Trend                MODE: impulsive as C              STRUCTURE: blue wave C                POSITION: black wave Y of 2     […]
USD/CHF Rises To Four-Month High Near 0.9050 Ahead Of US Economic Figures

USD/CHF Rises To Four-Month High Near 0.9050 Ahead Of US Economic Figures

 Photo by Claudio Schwarz on Unsplash   USD/CHF appreciates due to risk aversion ahead of key data from the United States. The decline in the US Treasury yields could limit the advance of the US Dollar. Swiss Franc has depreciated as a result of contrasting monetary policies between the SNB and the Fed. USD/CHF moves in the positive direction, […]
EUR/USD Forex Signal: Bears Are Still In Control

EUR/USD Forex Signal: Bears Are Still In Control

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0775. Add a stop-loss at 1.0885. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0850 and a take-profit at 1.0900. Add a stop-loss at 1.0800. The EUR/USD pair pulled back slightly after the weak US consumer confidence report. The pair retreated to 1.0830, […]
Market Briefing For Wednesday, March 27, 2024

Market Briefing For Wednesday, March 27, 2024

‘Escape velocity’ has never really been reached to the upside. Yes S&P is at or near record levels, as breadth has improved. However, even mega-caps at the helm of S&P leadership are softer this month generally, and small-caps have had bouts of strength, but mostly nothing significant or sustainable.Yes, money has come back into ‘the’ market, but […]
Sensex Today Trades Higher; Nifty Tops 22,100

Sensex Today Trades Higher; Nifty Tops 22,100

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders continued to be cautious and look ahead to key U.S. and European inflation readings later in the week.Wall Street stocks climbed early Tuesday, shrugging off the prior session’s decline as the market searches for direction ahead of […]