Archives by Month:

Archives by Year:

Bovespa Index Elliott Wave Technical Analysis – Friday, June 21

Bovespa Index Elliott Wave Technical Analysis – Friday, June 21

Bovespa Index Elliott Wave Analysis Trading Lounge Day Chart,Bovespa Index Elliott Wave Technical AnalysisFUNCTION: TrendMODE:impulsiveSTRUCTURE: orange wave 1POSITION: navy blue wave 3DIRECTION NEXT HIGHER DEGREES: orange wave 1(started)DETAILS orange  wave C of 2 looking completed, now orange wave 1 of 3 is in play.Wave Cancel invalid level: 96790.18.The Bovespa Index Elliott Wave analysis on the daily chart […]
BTC/USD Forecast: Overhead Pressure

BTC/USD Forecast: Overhead Pressure

If you have been paying attention to my analysis over the last couple of days, I said the key to continuing a move higher was to recapture the $67,000 level, and we have certainly failed. Could we go to $60,000?Because of this, it would not surprise me at all to see the market drop down to […]
Analytical Overview Of The Main Currency Pairs On Friday, June 21

Analytical Overview Of The Main Currency Pairs On Friday, June 21

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0740 Prev Close: 1.0702 % chg. over the last day: -0.36% The dollar index rose by 0.34% on Thursday. Thursday’s rise in T-note yields reinforced the interest rate differential and supported the dollar. Also, bullish for the dollar were hawkish comments from Minneapolis Fed President Kashkari, who […]
Eurozone Recovery Gets Reality Check In June

Eurozone Recovery Gets Reality Check In June

The lower PMI in June suggests that growth in the second quarter may be slower than initially expected. With price pressures easing according to the survey, this confirms the view of a moderate economic environment in line with expectations of very cautious easing from the European Central Bank.Shutterstock The last few months showed improving business sentiment and GDP […]
The 6 Segments Of The Semiconductor Value Chain Were Up 5%, On Average, W/E June 14th; Now Up 31% YTD

The 6 Segments Of The Semiconductor Value Chain Were Up 5%, On Average, W/E June 14th; Now Up 31% YTD

 An IntroductionAs explained by Jatin Khera (see here) the semiconductor industry plays a crucial role in driving technological advancements and innovations and is also a key enabler for the growth of other industries, such as automotive and healthcare and, as such, the semiconductor value chain is an essential aspect of the growing semiconductor industry. Therefore, […]
GBPUSD Forex Elliott Wave Technical Analysis – Friday, June 21

GBPUSD Forex Elliott Wave Technical Analysis – Friday, June 21

GBPUSD Elliott Wave Analysis Trading Lounge Day Chart,British Pound/U.S.Dollar(GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: correctiveSTRUCTURE: orange wave CPOSITION: navy blue wave 2DIRECTION NEXT HIGHER  DEGREES: navy blue wave 3DETAILS: orange wave B looking completed, now orange wave C of 2 is in play.Wave Cancel invalid level: 1.23023.The GBPUSD Elliott Wave analysis on the daily chart examines the […]
Yen Declines Accelerate Back Towards Major Low

Yen Declines Accelerate Back Towards Major Low

Image Source: DepositPhotosYen declines have accelerated in recent sessions, with the currency trading back to its lowest level since late April when it put in a multi-year low against the Buck. Key standouts on Friday’s calendar come from UK retail sales, public borrowing, and PMI reads, Eurozone PMI reads, Canada retail sales and producer prices, […]
The Next Pain Trade – Stock Market

The Next Pain Trade – Stock Market

Above: Nvidia CEO Jensen Huang giving his signature to a fan. NvidiaNvidia has been all the rage – and justifiably so.  Since NVDA reported its Q1 2023 earnings report and disclosed the huge demand for its AI chips, the stock has gone straight up.  Now it’s worth $3.3T.  Revenues up 4x, margin expansion, everything anyone could […]
USD/JPY Forecast: Buying Opportunities

USD/JPY Forecast: Buying Opportunities

The US dollar has continued to plow higher against the Japanese yen during the trading session on Thursday. All things being equal, this is a market that I think continues to see a lot of buying pressure to the upside. With the situation where traders have continued to play the interest rate differential, I think […]
Unlocking ASX Trading Success: NATIONAL AUSTRALIA BANK LIMITED – NAB Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: NATIONAL AUSTRALIA BANK LIMITED – NAB Stock Analysis & Elliott Wave Technical Forecast

ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED – NAB . We see that wave (iii)-orange of wave ((v))-navy is opening up to push even higher. The most recent Long Trade position at Trade Recommendations generated quite good profits. ASX: NATIONAL […]