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GBP/USD Forex Signal: Weakly Bearish Below $1.2658

GBP/USD Forex Signal: Weakly Bearish Below $1.2658

My previous GBP/USD signal on 25th June was not triggered, as there was no bullish price action when the support level identified at $1.2674 was first reached that day.Today’s GBP/USD Signals Risk 0.75%. Trades may only be entered prior to 5pm London time Wednesday. Long Trade Ideas Go long following a bullish price action reversal on the […]
GBP/JPY Trades Around 204.00 After Pulling Back From 16-year Highs

GBP/JPY Trades Around 204.00 After Pulling Back From 16-year Highs

 Image Source: Pixabay   GBP/JPY corrects from a 16-year high of 204.75 marked on Monday. BRC Shop Price Index, an indicator of inflationary pressures in the UK, rose by 0.2% YoY in June, below the prior 0.6% increase. The Japanese Yen may receive support from the verbal intervention by Japanese authorities. GBP/JPY halts its winning streak that […]
AUD/USD Forex Signal: Forms Triangle Pattern After The RBA Decision

AUD/USD Forex Signal: Forms Triangle Pattern After The RBA Decision

Bullish view Buy the AUD/USD pair and set a take-profit at 0.6700. Add a stop-loss at 0.6610. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6645 and a take-profit at 0.6580. Add a stop-loss at 0.6725. The AUD/USD exchange rate wavered after the Reserve Bank of Australia (RBA) published minutes of the last monetary policy meeting. […]
EUR/GBP Holds Positive Ground Above 0.8450 Ahead Of Eurozone Inflation Data

EUR/GBP Holds Positive Ground Above 0.8450 Ahead Of Eurozone Inflation Data

 Image Source: Unsplash   EUR/GBP gains momentum near 0.8490 in Tuesday’s early European session.  The Euro gains ground after results from the first round of French elections. Traders will keep an eye on the UK Parliamentary elections on Thursday. The EUR/GBP cross trades in positive territory for the fifth consecutive day around 0.8490 during the early European […]
Elliott Wave Technical Analysis – Dogecoin Crypto Price News For Tuesday, July 2

Elliott Wave Technical Analysis – Dogecoin Crypto Price News For Tuesday, July 2

Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: Details: Wave ((4) may is complete and the Price entry to uptrend againDogeCoin/ U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin overall is still in the period of correction. In the position of wave […]
EURUSD : 1:7 Risk/Reward Target Hit

EURUSD : 1:7 Risk/Reward Target Hit

Image Source: PixabayOn June 24 2024 I posted on social media @AidanFX “EURUSD will be watching for sells as long as price remains below 1.0761. Will be targeting the 1.07 area if see sell opportunity.” I also posted the EURUSD 15-minute sell setup chart. The pair entered the 4-hour, 1-hour, and 15-minute bearish supply zones while […]
Tesla Surpasses Resistance; Rivian Shows Promising Base With Rising Volume

Tesla Surpasses Resistance; Rivian Shows Promising Base With Rising Volume

Image Source: PexelsTesla (TSLA) has blown right past its long-standing gap and Fibonacci resistance. This is impressive!I would also say that Rivian (RIVN) is sporting a handsome-looking base with a strong pick-up in volume.More By This Author:Friday Was FreakyCurrent Short PositionsJune’s Crypto Collapse
4 Solid Stocks To Buy On A Steady Rise In Consumer Spending

4 Solid Stocks To Buy On A Steady Rise In Consumer Spending

Image Source: PexelsA steady rise in income has been a challenge for the Federal Reserve in controlling sky-high inflation. However, inflation is finally showing signs of cooling, while wages continue to be on the rise. A steadily rising personal income is also allowing consumers to spend more freely.The Commerce Department said on Jun 28 that personal […]
Australian Dollar Holds Losses After RBA Minutes

Australian Dollar Holds Losses After RBA Minutes

Image Source: Unsplash The Australian Dollar loses ground as the RBA Index of Commodity Prices fell by 4.1% YoY in June. RBA Minutes emphasizes the need to remain vigilant as data suggested an upside risk for May’s CPI. The US Dollar appreciates due to the higher US Treasury yields amid heightened expectations of the Fed reducing rates […]
These Were The Best And Worst Performing Assets Of June, Q2 And The First Half

These Were The Best And Worst Performing Assets Of June, Q2 And The First Half

Image Source: UnsplashToday was the start of the second half of the year, and Deutsche Bank’s thematic research team published its usual monthly performance review with this one covering June, Q2, and H1. We will present the full version below, but first, let’s take a look at some brief highlights (all USD) and additional comments: It […]