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DAX Index Elliott Wave Technical Analysis – Thursday, September 26

DAX Index Elliott Wave Technical Analysis – Thursday, September 26

DAX (Germany) Elliott Wave Analysis – Day ChartDAX (Germany) Elliott Wave Technical AnalysisFunction: Bullish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 5 Next Lower Degree Direction: Orange Wave 4The DAX Day Chart for Germany, based on Elliott Wave analysis, indicates a bullish trend. The market is currently in an impulsive mode, which suggests a strong upward movement. The chart structure is highlighting orange wave […]
Curve Finance considers dropping TrueUSD from crvUSD collateral

Curve Finance considers dropping TrueUSD from crvUSD collateral

Key Takeaways Curve Finance’s proposal could end TrueUSD’s role as crvUSD collateral. The proposal suggests Curve Finance’s move is aimed at reducing crvUSD’s exposure to potentially risky assets. Share this article A new proposal for Curve Finance suggests removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD, due to concerns over TUSD’s stability and regulatory […]
AUD/USD Price Forecast: Holds Position Near 0.6850, Lower Boundary Of An Ascending Channel 
                    
Australian Dollar PRICE Today

AUD/USD Price Forecast: Holds Position Near 0.6850, Lower Boundary Of An Ascending Channel Australian Dollar PRICE Today

AUD/USD retraces its recent losses from the previous session, trading around 0.6860 during the European hours on Thursday. Technical analysis of the daily chart shows the pair attempting to break above the lower boundary of an ascending channel pattern. A successful return to the channel would strengthen the bullish outlook.The 14-day Relative Strength Index (RSI) remains above […]
Economic Calendar Heats Up

Economic Calendar Heats Up

The BOJ Minutes were out earlier today and offered up no major surprises. The central bank saw more rate hikes ahead, though with uncertainty around the timing and pace of future hikes. Overall, the US Dollar remains under pressure on the monetary policy divergence theme.Video Length: 00:01:03More By This Author:Monetary Policy Divergence Front And Center […]
Nasdaq Futures Surge As Micron’s Strong Earnings Boost Semiconductor Sector; Markets Eye Key Economic Data And Fed Guidance

Nasdaq Futures Surge As Micron’s Strong Earnings Boost Semiconductor Sector; Markets Eye Key Economic Data And Fed Guidance

The rally in Nasdaq 100 futures, driven by Micron Technology’s strong earnings and guidance, shows that investor sentiment around the semiconductor sector remains robust, with firms like Applied Materials and Lam Research also benefiting from the positive momentum. The broader market, including S&P 500 and Dow futures, is also gaining ground, likely buoyed by optimism […]
CADJPY Is Turning Bearish, But More Weakness Is Expected After A Corrective Rally

CADJPY Is Turning Bearish, But More Weakness Is Expected After A Corrective Rally

CADJPY has been in strong rise this year, but we see five waves up from 2023 swing lows, that are now completed because of a strong drop through the trendline support. We see an impulse down for wave (A)/(1) that is completed, so more weakness can show up for wave (C) or (3) after wave […]
US New Home Market Muted In August 2024

US New Home Market Muted In August 2024

New home sales in the U.S. were surprisingly muted in August 2024 after rising sharply in July after mortgage rates dropped below seven percent.That’s surprising because 30-year conventional fixed rate mortgages continued falling in August to average 6.5% during the month. Yet, new home sales were down for the month. The initial estimate puts the number of sales in […]
Unlocking ASX Trading Success: SHL Stock Analysis & Elliott Wave Technical Forecast – Thursday, September 26

Unlocking ASX Trading Success: SHL Stock Analysis & Elliott Wave Technical Forecast – Thursday, September 26

ASX: SONIC HEALTHCARE LIMITED – SHL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) SONIC HEALTHCARE LIMITED – SHL. We see SHL could be preparing to push higher with wave 3-grey.ASX: SONIC HEALTHCARE LIMITED – SHL 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, […]
“Cowboys Owner Full Of Gas” Stock Market And Sentiment Results… 
                    
BABA Update

“Cowboys Owner Full Of Gas” Stock Market And Sentiment Results… BABA Update

 General Market UpdatesOn Friday, I joined David Lin on “The Lin Report” to discuss implications of the front-loaded 50bps Fed cut.  Thanks to David for having me on.  As always, my conversations with David have a history of going viral and pulling significant engagement.  This was a good one!  Watch here to find out why:On […]
EUR/USD Forex Signal: Retreat From 1-Year High Price

EUR/USD Forex Signal: Retreat From 1-Year High Price

My previous EUR/USD signal on 23rd September was not triggered as none of the key support or resistance levels were reached that day. Today’s EUR/USD Signals Risk 0.75%. Trades may only be taken before 5pm London time today.  Short Trade Ideas Go short following a bearish price action reversal on the H1 timeframe immediately upon the next touch […]