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Unlocking ASX Trading Success: CSL LIMITED – CSL Stock Analysis & Elliott Wave Technical Forecast – Friday, August 2

Unlocking ASX Trading Success: CSL LIMITED – CSL Stock Analysis & Elliott Wave Technical Forecast – Friday, August 2

ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings,Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL LIMITED – CSL. We see that CSL may be moving higher with wave ((iii)) – navy.ASX: CSL LIMITED – CSL Elliott Wave Technical AnalysisASX: CSL LIMITED – CSL 1D Chart (Semilog Scale) Analysis […]
SP500 Weekly Wrap & Daily Trade Plan – Friday, August 2

SP500 Weekly Wrap & Daily Trade Plan – Friday, August 2

In this update, we review the recent price action in the emini SP500 futures contract and develop a trading plan for the session ahead.Video Length: 00:04:37More By This Author:FTSE Rotating Around The Flatline As BoE Delivers First Rate CutDaily Market Outlook – Thursday, Aug. 1SP500 Daily Trade Plan – Thursday, August 1
Bull Of The Day: Servicenow 
                    
 

Bull Of The Day: Servicenow  

ServiceNow (NOW), a current Zacks Rank #1 (Strong Buy), provides cloud computing services that automate digital workflows to accelerate enterprise IT operations. Its solutions address the needs of many departments within an enterprise, including IT, HR, facilities, field service, marketing, customer service, security, legal, and finance.Analysts have raised their earnings expectations across the board.Image Source: […]
Silver May Have A Completed Higher Degree Correction

Silver May Have A Completed Higher Degree Correction

Silver has been slowing down for the last two months, but looking at the 4h time frame we can see a three-wave A-B-C corrective decline within a higher degree wave IV, nicely connected within channel range. We can actually already see it stabilizing and recovering, so seems like bulls for a higher degree wave V […]
The Commodities Feed: US Macro Weighs On The Complex

The Commodities Feed: US Macro Weighs On The Complex

The commodities complex came under pressure yesterday with a weaker-than-expected US ISM manufacturing index reading. This will only add to demand worries. However, geopolitical risks remain an upside risk for energy markets. Energy – JMMC recommends no change to oil policyOil prices came under pressure yesterday. ICE Brent fell back below US$80/bbl despite geopolitical tensions still […]
EUR/USD Recovers Above 1.0800 As US Dollar Declines Ahead Of US NFP 
                    
Daily digest market movers: EUR/USD rises despite Euro remains on the backfoot

EUR/USD Recovers Above 1.0800 As US Dollar Declines Ahead Of US NFP Daily digest market movers: EUR/USD rises despite Euro remains on the backfoot

EUR/USD hovers near the round-level figure of 1.0800 in Friday’s European session. The major currency pair is expected to remain on the sidelines as investors await the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT.Economists estimate that 175K new workers were hired in July, lower than the former addition of […]
Palantir Stock Price Could Explode Higher After Earnings: Here’s Why

Palantir Stock Price Could Explode Higher After Earnings: Here’s Why

Palantir Technologies (PLTR) stock price has suffered a harsh reversal in the past few days as concerns about the tech sector continued. It has moved into a deep correction as it crashed by over 12% from its highest point this year.  Palantir earnings aheadAmerica’s technology companies have retreated as the earnings season continues. The Nasdaq 100 […]
XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible?

XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible?

The XRP price has been experiencing notable movements since the last week of July, closely linked to updates about a potential settlement between the SEC and Ripple. This anticipation has significantly influenced XRP’s market performance, causing a remarkable surge in its price as it skyrocketed from $0.599 to $0.655 in just a matter of hours. Although […]
Analytical Overview Of The Main Currency Pairs – Friday, August 2

Analytical Overview Of The Main Currency Pairs – Friday, August 2

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0824 Prev Close: 1.0789 % chg. over the last day: -0.32 % The euro fell below $1.079, hitting one-month lows, as traders continue to believe that the ECB will cut rates twice this year, with the next cut likely to come in September. Meanwhile, the Fed soon […]
EUR/USD Price Analysis: Tests The Lower Boundary Of The Descending Channel Around 1.0800

EUR/USD Price Analysis: Tests The Lower Boundary Of The Descending Channel Around 1.0800

EUR/USD retraces its recent losses from the previous session, trading around 1.0800 during the Asian hours on Friday. The analysis of the daily chart indicates that the pair is following the lower boundary of a descending channel, which suggests a reinforcement of the bearish trend.Additionally, the 14-day Relative Strength Index (RSI), a momentum indicator, remains […]