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Analytical Overview Of The Main Currency Pairs – Tuesday, September 24

Analytical Overview Of The Main Currency Pairs – Tuesday, September 24

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1159 Prev. Close: 1.1111 % chg. over the last day: -0.43 % The euro fell to $1.11 amid concerns that the European Central Bank (ECB) may have to accelerate monetary easing measures to support the struggling economy. Flash PMIs for the Eurozone, Germany, and […]
50 Basis Point Rate Cut – A Review And Outlook

50 Basis Point Rate Cut – A Review And Outlook

Last week, the Federal Reserve made a significant move by cutting its overnight lending rate by 50 basis points. This marks the first rate cut since 2020, signaling the Fed is aggressively supporting the economy amid a backdrop of softening economic data. For investors, understanding how similar rate cuts have historically impacted markets and which […]
AUDUSD Forex Elliott Wave Technical Analysis – Tuesday, September 24

AUDUSD Forex Elliott Wave Technical Analysis – Tuesday, September 24

AUDUSD Elliott Wave Analysis – Trading Lounge Day Chart, Australian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis FUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 1 DIRECTION NEXT LOWER DEGREES: Orange Wave 4 DETAILS: Orange Wave 2 appears completed, and now Orange Wave 3 is in progress. Wave Cancel Invalid Level: 0.66222The AUDUSD Elliott Wave analysis on the […]
USD/CAD Price Forecast: Falls Toward 1.3500; Next Support At Lower Boundary Of The Pattern

USD/CAD Price Forecast: Falls Toward 1.3500; Next Support At Lower Boundary Of The Pattern

USD/CAD extends its losses for the second successive day, trading around 1.3510 during Tuesday’s European hours. Analysis of the daily chart suggests a continuation signal, as the falling wedge pattern is formed during an uptrend, implying that the upward price action would resume.However, the 14-day Relative Strength Index (RSI) remains below the 50 level, indicating that the bearish trend is […]
Kraken finalizes BCM buyout to expand European operations

Kraken finalizes BCM buyout to expand European operations

Key Takeaways Kraken’s acquisition of BCM enhances its VASP capabilities in France and Poland. BCM clients will be able to access over 200 digital assets and enhanced security. Share this article Kraken announced Tuesday it has completed the acquisition of Coin Meester B.V. (BCM), one of the most respected registered crypto brokers in the Netherlands. […]
BTC/USD Forex Signal – Inverse Head And Shoulders Forms

BTC/USD Forex Signal – Inverse Head And Shoulders Forms

Bullish view Buy the BTC/USD pair and set a take-profit at 66,000. Add a stop-loss at 60,000. Timeline: 1-2 days.  Bearish view Sell the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at  66,000.  Bitcoin price held steady overnight as investors assessed the impact of the Federal Reserve interest rate decision. The BTC/USD […]
Unlocking ASX Trading Success: BXB Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: BXB Stock Analysis & Elliott Wave Technical Forecast

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: […]
The Commodities Feed: Supportive Measures From China

The Commodities Feed: Supportive Measures From China

Oil’s positive momentum continues as tensions in the Middle East remain elevated alongside fresh hurricane threats for the US and Mexico. The latest supportive measures announced in Beijing have further buoyed sentiment in the commodity complex. Energy – Oil advancesBoth NYMEX WTI and ICE Brent rose this morning with prices trading higher over 1% following the latest air strikes […]
EURUSD Stuck In Range: What’s Next For The Pair?

EURUSD Stuck In Range: What’s Next For The Pair?

The EURUSD pair has hit a roadblock, failing to break above the 1.1188 resistance level. As a result, it’s now confined to a trading range between 1.1068 and 1.1188, leaving traders wondering about its next move.Despite this consolidation, the broader uptrend from 1.1001 remains intact as long as the 1.1068 support holds. This sideways movement […]
Bitcoin Price Eases Off Highs: Will Gains Be Cut Further?

Bitcoin Price Eases Off Highs: Will Gains Be Cut Further?

Bitcoin price gained pace above the $63,500 resistance. BTC tested the $64,800 zone and is currently correcting gains. Bitcoin is correcting gains from the $64,800 zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,240 on the hourly chart […]