Archives by Month:

Archives by Year:

Visa Inc. Stocks Elliott Wave Technical Analysis – Friday, September 20

Visa Inc. Stocks Elliott Wave Technical Analysis – Friday, September 20

V Elliott Wave Analysis Trading Lounge Daily Chart,Visa Inc., (V) Daily ChartV Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (5).DIRECTION: Upside into wave (5).DETAILS: Looking for ATHs within wave (5) above 300$ which is Trading Level3, at which point we could either complete (5) or 1 of (5). V Elliott Wave Analysis Trading Lounge 1H Chart,Visa Inc.,(V) 1H ChartV Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {a} of 4.DIRECTION: Looking for completion in wave 4.DETAILS: Looking for further developments within wave […]
US Markets Rally As Fed’s 50bps Rate Cut Fuels Soft Landing Optimism, But Economic Uncertainty Lingers

US Markets Rally As Fed’s 50bps Rate Cut Fuels Soft Landing Optimism, But Economic Uncertainty Lingers

It looks like the market is processing the Fed’s aggressive 50 basis point rate cut and the potential for a “soft landing” for the U.S. economy. The rally in major indices, particularly the tech-heavy Nasdaq, shows investor optimism that the Fed’s move will help sustain economic growth without triggering a deeper downturn. The strong gains […]
Nike Announces CEO Change Amid Restructuring; Stock Surges In Pre-Market

Nike Announces CEO Change Amid Restructuring; Stock Surges In Pre-Market

Nike announced a major leadership change, with longtime company veteran Elliott Hill replacing John Donahoe as CEO effective October 14, 2024.Nike Inc. (NKE), the global sportswear giant, is undergoing a significant leadership transition as it grapples with ongoing restructuring efforts and market challenges. The company announced Thursday that CEO John Donahoe will step down, to be replaced […]
AUD/USD Reaches New Heights As Risk Sentiment Improves

AUD/USD Reaches New Heights As Risk Sentiment Improves

The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate cuts by the US Federal Reserve, which has spurred expectations that other central banks might also ease monetary policies, enhancing […]
GBPUSD Forex Elliott Wave Technical Analysis – Friday, September 20

GBPUSD Forex Elliott Wave Technical Analysis – Friday, September 20

GBPUSD Elliott Wave Analysis – Trading Lounge Day ChartBritish Pound/ U.S. Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFunction: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Higher Degrees: Gray Wave 3 (Continues) Details: Gray Wave 2 of 3 appears completed, now Gray Wave 3 of 3 is underway. Wave Cancel Invalidation Level: 1.30012The Elliott Wave analysis for the […]
EUR/JPY Jumps To Two-week Highs Near 160.00 After BoJ Rate Decision, Eyes On ECB’s Lagarde Speech

EUR/JPY Jumps To Two-week Highs Near 160.00 After BoJ Rate Decision, Eyes On ECB’s Lagarde Speech

The EUR/JPY cross gains momentum around 160.00 during the early European session on Friday. The Bank of Japan (BoJ) decided to keep its policy rate unchanged, as widely expected. However, the uncertain outlook of the BoJ monetary policy is likely to cap the upside of the Japanese Yen (JPY) for the time being. The BoJ […]
Crude Oil Forecast: Continues To Recover

Crude Oil Forecast: Continues To Recover

After all, cutting 50 basis points is not something that happens very often, so a lot of traders are a little bit confused. It probably drives up inflation, which could drive up the price of oil, but at the same time, it could work against oil as well, because after all, if the economy slows […]
Beyond QQQ: Two Nasdaq ETFs For Finding Potential Future Tech Superstars

Beyond QQQ: Two Nasdaq ETFs For Finding Potential Future Tech Superstars

The Nasdaq-100 Trust ETF, QQQ, is both one of the most loved and most hated ETFs in the US market.   Investors who bought and held $10,000 worth 15 years ago on September 10, 2009 have every reason to love it.  They now have seen that investment grow to  $126,000, an annualized gain of 18.4%.  Very […]
Unlocking ASX Trading Success: BLOCK INC. Stock Analysis & Elliott Wave Technical Forecast – Friday, September 20

Unlocking ASX Trading Success: BLOCK INC. Stock Analysis & Elliott Wave Technical Forecast – Friday, September 20

ASX: BLOCK INC. – SQ2 Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BLOCK INC. – SQ2. We are seeing a potential bullish opportunity with wave (iii)-orange of wave ((iii))-navy.ASX: BLOCK INC. – SQ2 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray) Mode: Motive Structure: Impulse Position: […]
USD/CHF Weakens Below 0.8500 Amid Bearish US Dollar

USD/CHF Weakens Below 0.8500 Amid Bearish US Dollar

The USD/CHF pair trades on a softer note around 0.8465 on Friday during the early European session. The Greenback remains under some selling pressure after the Federal Reserve’s (Fed) oversized interest rate cut on Wednesday. Traders will take more cues from the Fed’s Patrick Harker speech later on Friday.  The Fed decided to cut its key lending […]