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Copper Commodity Elliott Wave Technical Analysis – Monday, September 16

Copper Commodity Elliott Wave Technical Analysis – Monday, September 16

Copper prices have started to recover from their August 2024 low, but the current bounce appears corrective. While the short-term outlook remains bullish, this upside movement will likely be followed by a renewed downtrend once the bullish corrective cycle concludes. Here’s a detailed Elliott Wave analysis of Copper’s price action and what traders can expect in the near future. Long-Term […]
Greenback Continues To Trade Heavily Amid Heightened Speculation Of A 50 Bp Cut Wednesday

Greenback Continues To Trade Heavily Amid Heightened Speculation Of A 50 Bp Cut Wednesday

The markets are continuing to be impacted by the possibility that Fed officials planted a press report to put 50 bp cut back on the table after the market had moved away from it after the recent jobs data and CPI. In the Fed funds futures, there is around an 80% of a half-point move […]
Major US Equity Indices Looking At Breakout Opportunities – Potentially Major On S&P 500

Major US Equity Indices Looking At Breakout Opportunities – Potentially Major On S&P 500

The S&P 500 sits less than a percent from its July high and is positioned well for a breakout. The Nasdaq 100 and the Russell 2000 are nowhere near their respective highs, but they too have breakout opportunities to add to last week’s gains.In the June quarter, US households’ equity allocation edged up sequentially to […]
EUR/GBP Price Forecast: A Bearish Breakout From A Shallow Rising Channel

EUR/GBP Price Forecast: A Bearish Breakout From A Shallow Rising Channel

EUR/GBP pierces below the lower channel line of its rising channel in a breakout attempt lower. It is possible the bearish bias evident during the steep fall in August is reaserting itself. A close below 0.8423 (September 10 low) would pave the way for further weakness to a downside target at 0.8406, the 0.618 Fib extension […]
Meta Platforms Inc. Stocks Elliott Wave Technical Analysis – Monday, September 16

Meta Platforms Inc. Stocks Elliott Wave Technical Analysis – Monday, September 16

META Elliott Wave Analysis Trading Lounge Daily Chart,Meta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Intermediate wave (5).DIRECTION: Upside in wave 3.DETAILS: Looking for a bottom in wave 2 in place as we bounced off 500$, looking for upside towards Medium Level at 650$. META Elliott Wave Analysis Trading Lounge 1H Chart, SeptemberMeta […]
Analytical Overview Of The Main Currency Pairs – Monday, September 16

Analytical Overview Of The Main Currency Pairs – Monday, September 16

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1068 Prev. Close: 1.1074 % chg. over the last day: +0.05 % The euro rose slightly on Friday, thanks to the dollar’s weakening. The euro also gained support amid comments from several ECB officials, who said they do not favor cutting interest rates at […]
S&P 500 Rebounds As Fed Plans Size Of September 2024 Rate Cut

S&P 500 Rebounds As Fed Plans Size Of September 2024 Rate Cut

The trading week ending Friday, 13 September 2024 saw the S&P 500 (Index: SPX) rise 4.0% above its previous week’s close. The index ended the week at a level of 5,626.02, almost erasing the previous week’s decline.During the past week, there was one overarching factor that influenced investor expectations, which ties to the Federal Reserve’s upcoming interest rate […]
TRON DAO featured as Title Sponsor at KBW, showcases growing meme coin ecosystem

TRON DAO featured as Title Sponsor at KBW, showcases growing meme coin ecosystem

Share this article Geneva, Switzerland – September 16, 2024 – TRON DAO took center stage as a Title Sponsor at Korea Blockchain Week (KBW), an annual global blockchain and Web3 festival in Seoul, South Korea. Dave Uhryniak, Community Spokesperson at the TRON DAO, delivered a compelling keynote on the fast-growing meme coin ecosystem within the […]
XAUUSD Multi Timeframe Setup

XAUUSD Multi Timeframe Setup

Image Source: DepositPhotosIn this update we review the recent price action in spot Gold and identify the next high probability trading opportunity and price objectives to target.Video Length: 00:03:56More By This Author:SP500 & US500 Daily Trade Plan – Thursday, September 12Daily Market Outlook, Thursday, September 12SP500 & US500 Daily Trade Plan – Wednesday, September 11
Crude Oil Forecast: Gives Up Early Gains On Friday

Crude Oil Forecast: Gives Up Early Gains On Friday

The West Texas Intermediate Crude Oil market is that the $70 level has been like a brick wall. This is interesting considering that the market had recently tried to bounce a bit, and the weekly candlestick looks at least somewhat promising. I think this sets up a potentially big move, and if we can recapture […]