Archives by Month:

Archives by Year:

USD/CAD Remains Subdued Near 1.3450 As Traders Expect More Fed Rate Cuts In This Year

USD/CAD Remains Subdued Near 1.3450 As Traders Expect More Fed Rate Cuts In This Year

USD/CAD hovers around 1.3430 during the early European hours on Wednesday. The pair received downward pressure following the bumper interest rate cut of 50 basis points by the US Federal Reserve (Fed) last week.The US Dollar (USD) may depreciate further due to expectations for further rate cuts by the Fed in 2024. According to the CME FedWatch Tool, […]
Kaspa Found Support At The Blue Box Area

Kaspa Found Support At The Blue Box Area

Kaspa is a proof-of-work (PoW) blockchain that implements the GHOSTDAG protocol with rapid block processing and minimal confirmation durations. It’s ative cryptocurrency KAS is used for on-chain transactions and mining rewards. In today’s video bog, we’ll explore Elliott Wave pattern taking place within the short term cycle and explain the potential path based on the theory.KAS rallied in 5 waves impulsive […]
USD/JPY Forecast: Will Bulls Keep Control Above 144?

USD/JPY Forecast: Will Bulls Keep Control Above 144?

The US dollar has rallied a bit against the Japanese yen in the early hours on Tuesday to break above the crucial 144 yen level before turning around and forming an exhaustion candlestick. The shooting star that we are trying to print at the moment certainly suggests that we could fall from here. I think […]
Analytical Overview Of The Main Currency Pairs – Wednesday, September 25

Analytical Overview Of The Main Currency Pairs – Wednesday, September 25

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1115 Prev. Close: 1.1179 % chg. over the last day: +0.58 % The euro rose moderately on Tuesday thanks to the weakening dollar. In addition, hawkish comments from ECB Governing Council representative Müller boosted the euro when he said that ECB policymakers may not […]
EURUSD Forex Elliott Wave Technical Analysis – Wednesday, September 25

EURUSD Forex Elliott Wave Technical Analysis – Wednesday, September 25

EURUSD Elliott Wave Analysis Trading Lounge Day ChartEuro/ U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Bullish Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 3 Next Lower Degree Direction: Navy blue wave 4 Details: Orange wave 4 appears to be completed, and now orange wave 5 is in progress. Wave Cancellation Invalid […]
USD/JPY Price Forecast: Breaks Below Rising Channel, Weakening The Uptrend

USD/JPY Price Forecast: Breaks Below Rising Channel, Weakening The Uptrend

USD/JPY has been rallying higher since it reversed at the December 2023 low on September 16. It has established a sequence of higher highs and higher lows and could be said to be in a short-term uptrend. USD/JPY 4-hour Chart  Given it is a principle of technical analysis that “the trend is your friend” the odds favor a continuation […]
Bitcoin Price Continues Its Bullish Rally On Wednesday

Bitcoin Price Continues Its Bullish Rally On Wednesday

Bitcoin chart analysisThe price of Bitcoin rose this morning to a new weekly high of $64,795. It managed to make a step above Monday’s high of $64,730. After that, the price starts a pullback and falls below the daily open level of $64260. Bearish pressure is present, and we are getting closer to testing the […]
GBP/USD Forex Signal: Has More Upside But A Retest Of 1.3268 Possible

GBP/USD Forex Signal: Has More Upside But A Retest Of 1.3268 Possible

Bearish view Sell the GBP/USD pair and set a take-profit at 1.3270. Add a stop-loss at 1.3500. Timeline: 1-3 days.  Bullish view Buy the GBP/USD pair and set a take-profit at 1.3500. Add a stop-loss at 1.3268. The GBP/USD pair continued its strong surge this week as the US dollar index (DXY) retreated to $100.50. It has […]
Unlocking ASX Trading Success: VAS Stock Analysis & Elliott Wave Technical Forecast – Wednesday, September 25

Unlocking ASX Trading Success: VAS Stock Analysis & Elliott Wave Technical Forecast – Wednesday, September 25

ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS may have finished wave 2-grey, and wave 3-grey is unfolding to push higher.ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) AnalysisFunction: […]
EUR/AUD Forecast: Can Support Hold?

EUR/AUD Forecast: Can Support Hold?

During my analysis of minor currency pairs during the trading session on Tuesday, I can’t help but notice that we are all over the place in multiple different currency pairs and the Euro against the Australian dollar won’t be any different. When I look at the chart, it’s obvious that the recent move over the […]