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SP500 Daily Trade Plan – Thursday, August 8
In this update we review the recent price in the emini SP500 and develop a trading plan for the session ahead.Start Trading Today With The Best Trading Platform!Video Length: 00:07:05 More By This Author:Daily Market Outlook – Thursday, Aug. 8FTSE Rebound Gains Traction With Homebuilders And Banks SupportingSP500 Daily Trade Plan – Wednesday, August 7
Elliott Wave Technical Analysis: British Pound/Japanese Yen – Thursday, Aug. 8
Image Source: Pixabay GBPJPY Elliott Wave Analysis Trading Lounge Day ChartBritish Pound/Japanese Yen (GBPJPY) Day ChartGBPJPY Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: Gray wave APOSITION: Orange wave 4DIRECTION NEXT HIGHER DEGREES: Gray wave BDETAILS: Orange wave 3 looking completed, now wave A of orange wave 4 is in play. Wave Cancel invalid level: 208.164The GBPJPY Elliott Wave Analysis on the daily chart reveals […]
Daily Market Outlook – Thursday, Aug. 8
Image Source: Pexels Despite assurances from US Fed officials that the world’s largest economy is not headed for a recession, stocks wilted under pressure amid concerns about the outlook for the U.S. economy. As a result, Asian stock markets are trading mostly lower on Thursday, following the generally weak handover from Wall Street overnight. In addition, […]
Thoughts For Thursday: Markets And Mayhem
While the market seems to be recovering to its’ over reaction to the Japanese carry-trade debacle, mayhem seems to be raging all around the world from the Middle East, to Vienna, to the U.K. depositphotos Wednesday the S&P 500 closed at 5,199, down 40 points, the Dow closed at 38,763, down 234 points, and the Nasdaq Composite […]
Sensex Today Trades Lower; Nifty Below 24,250
Most Asian stocks pared early losses and rose on Thursday, although persistent concerns over slowing economic growth and higher interest rates kept markets volatile and still limited overall gains.Japan’s Nikkei 225 and TOPIX indexes moved in a flat-to-low range on Thursday as a rebound over the past two days ran dry.US stocks slid on Wednesday, failing to extend Tuesday’s rebound that […]
Gold Price Analysis: Key Levels And Potential Movements Conclusion
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Resistance Levels: Short-term resistance: 2407 Important resistance: 2425 Support Levels: Short-term support: 2374 Significant support: 2353 Potential Scenarios […]
FX Daily: Upside Gaps Filled, Now What?
Image Source: Pexels High-profile equity markets, such as the S&P 500 and Nikkei’s 255, have now filled the upside gaps after Monday’s heavy losses. Failure to close above key levels such as 5300 and 36,000 on those two indices could warn of another bout of losses. Whether those losses occur will be a function of economic data and […]
EUR/USD Forex Signal: Bullish Consolidation Above $1.0900
My previous EUR/USD signal on 30th July was not triggered as there was no bearish price action when the resistance level identified at $1.0826 was first reached that day.Today’s EUR/USD Signals Risk 0.75%. Trades must be entered prior to 5pm London time today. Short Trade Ideas Go short following a bearish price action reversal on the H1 […]
EUR/GBP Trades Above 0.8600, Holds Position Near Three-Month Highs
Image Source: Unsplash EUR/GBP rose to a three-month high of 0.8623 marked on Thursday. The Pound Sterling may struggle due to the rising odds of a BoE rate cut in August. ECB policymaker Olli Rehn stated that the central bank could consider further rate cuts if inflation continues to slow. EUR/GBP edges higher to three-month […]
BTC/USD Forex Signal: Death Cross Meets Falling Wedge
Bearish view Sell the BTC/USD pair and set a take-profit at 49,000. Add a stop-loss at 60,000. Timeline: 1-2 days. Bullish view Set a buy-stop at 56,500 and a take-profit at 58,500. Add a stop-loss at 53,000. Bitcoin price lost momentum in the overnight session as analysts cautioned that the unwinding of the Japanese yen trade […]
