September 2024 - Page 55 of 200 -

Gold Could Be In For Long-Overdue Pullback

Sep 23, 2024 Jeremy Parkinson Finance, No picture 0

Friday saw gold hit yet another record high, after crossing the $2600 mark. In doing so, the metal closed at a fresh unchartered territory for the second consecutive week, remaining on course to potentially finish up for the seventh consecutive month. However, gold now looks quite overbought and may have to weaken first before heading […]

Broad Bottom In The USDX – Get Ready!

Sep 23, 2024 Jeremy Parkinson Finance 0

Gold is not doing much today, but silver has already invalidated its breakout.Gold is not doing much today, but silver has already invalidated its breakout.Perhaps GDXJ will do the same shortly. Gold’s strength, silver’s breakout, and a clearly unconfirmed breakout in the GDXJ may seem perplexing when taken separately, but together, they paint the same picture: […]

More Uncertainty For Stocks: Is There Further Upside?

Sep 23, 2024 Jeremy Parkinson Finance 0

The S&P 500 has been fluctuating since Thursday. Is this a topping pattern?Stocks didn’t move much on Friday, with the S&P 500 closing 0.19% lower after reaching a new all-time high of 5,733.57 on Thursday. So, was Friday’s session just a pause before another leg higher, or is it signaling a potential topping pattern ahead […]

USD/JPY Analysis: Yen Weakened After BoJ Governor’s Comments

Sep 23, 2024 Jeremy Parkinson Finance 0

The Japanese yen declined once more to over 144.40 yen against the US dollar on Friday, reversing earlier session gains, after Bank of Japan Governor Kazuo Ueda acknowledged “some weakness” in the economy, a slightly more dovish tone than previous statements. However, Ueda maintained his forecast that the Japanese economy is steadily progressing towards a […]

NZDUSD Forex Elliott Wave Technical Analysis – Monday, September 23

Sep 23, 2024 Jeremy Parkinson Finance 0

New Zealand Dollar/ U.S. Dollar (NZDUSD) Day Chart NZDUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 1 Next Lower Degree Direction: Navy blue wave 2 Details: Orange wave 4 is completed, and now orange wave 5 of navy blue wave 1 is in play. Wave Cancel Invalidation Level: 0.61076 The […]

S&P Rallies To New High A Day After FOMC Decision; Last 3 Daily Candles Raise More Questions Than Answers

Sep 23, 2024 Jeremy Parkinson Finance 0

Equities failed to rally last Wednesday, when the FOMC handed out a jumbo 50-basis-point cut. Stocks had a very nice session on Thursday. With that said, the last three daily candles on the S&P 500, which did rise to a new high, have anything but developed strong conviction about continuation of positive momentum near-term. The […]

Bitcoin – Not Yet Ready To Launch The Breakout Rally

Sep 23, 2024 Jeremy Parkinson Finance 0

Since the beginning of the year, Bitcoin is up by more than 52%. While prices have been strongly trending higher during the first few months, the Bitcoin rally has stalled out since mid of March. Significant milestones, such as the approval of Bitcoin ETFs and the recent halving event in April 2024, had further fueled […]

Analytical Overview Of The Main Currency Pairs – Monday, September 23

Sep 23, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1162 Prev. Close: 1.1162 % chg. over the last day: 0.0 % The euro recovered from early losses on Friday on the back of stronger-than-expected Eurozone Consumer Confidence for September and German Producer Prices for August. The Eurozone Consumer Confidence Index for September rose […]

How to choose the best white label provider for your crypto exchange

Sep 23, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Share this article How to choose the best white label provider for your crypto exchangeThe crypto market made an aggressive resurgence in 2024, and looking forward in 2025, it’s clear that launching a cryptocurrency exchange remains a promising venture. White label solutions offer a quick path to market without the complexities of building from scratch. […]

Alphabet Inc. Stocks Elliott Wave Technical Analysis

Sep 23, 2024 Jeremy Parkinson Finance 0

GOOGL Elliott Wave Analysis Trading Lounge Daily Chart,Alphabet Inc., (GOOGL) Daily ChartGOOGL Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 1.DIRECTION: Subdivision in wave 1.DETAILS: As volume increases on the move up we can expect to have a bottom in place in wave (2). The next target will be Minor Group2 starting at 165$. GOOGL Elliott Wave Analysis […]