British Pound/Australian Dollar (GBPAUD) Day Chart AnalysisElliott Wave Technical Analysis for GBPAUD: Trend: Bearish Mode: Impulsive Structure: Navy blue wave 3 Next Lower Degree: Navy blue wave 3 (in progress) Analysis Summary:The GBPAUD Elliott Wave analysis for the day chart reveals a bearish trend, indicating that the market is currently in an impulsive phase. This suggests a continuation of the […]

ASX: BRAMBLES LIMITED – BXB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We see BXB could continue to push higher with a v-grey wave.ASX: BRAMBLES LIMITED – BXB 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minuette degree, orange)  Mode: Motive  Structure: Impulse  Position: Wave v-grey of Wave (iii)-orange  Details: Wave iv-just ended recently, and perhaps wave v-grey is unfolding and extending to push higher. It could target the high at 20.58 while price must remain above 17.99 to maintain this view.  Invalidation point: 17.99  ASX: BRAMBLES LIMITED – BXB 4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave ((3))-navy of Wave v-grey Details: Looking closer, the v-grey wave is extending, itself subdividing into ((1))-navy and ((2))-navy, both of which have already ended. Now the ((3))-navy wave seems to be unfolding to push higher, targeting the recent highs at 19.49 – 19.84. A push above these targets would see further upside, targeting 20.58. While price must remain above 17.99 to maintain this view. Invalidation point: 17.99 Conclusion:  Our analysis, forecast of contextual trends, and short-term outlook for ASX: BRAMBLES LIMITED – BXB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.More By This Author:Russell 2000 Index Elliott Wave Technical Analysis – […]

With heightened expectations of a 50 bp cut by the Federal Reserve tomorrow, the dollar has not gotten a reprieve and is softer against nearly all the currencies. Japan’s long holiday weekend ended, and the greenback has held above JPY140 today. It is consolidating, but against most of the G10 currencies, the dollar’s losses have […]

Gold prices remained stable at around 2580 USD per troy ounce on Tuesday, hovering close to their record highs. This resilience in the gold market is largely driven by the weakening US dollar and heightened expectations for a substantial interest rate cut by the Federal Reserve.Current projections from the CME FedWatch tool indicate a 67% […]

NexGen Energy Ltd. (NXE) is a uranium exploration and development company based in Vancouver, British Columbia. They focus on high-impact projects in the Athabasca Basin in Saskatchewan, Canada. This area is known for having the highest-grade uranium deposits in the world. Below is the latest long term update of the stock.$NXE Weekly Elliott Wave Chart as […]