The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1111 Prev. Close: 1.1119 % chg. over the last day: +0.07 % The dollar fell on Wednesday after the FOMC cut the federal funds rate by 50 bps and projected another 50 bps rate cut before the end of the year. The FOMC also […]

Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:41 More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast Gold […]

ASX: SOUTH32 LIMITED – S32 Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) SOUTH32 LIMITED – S32. We see S32 continuing to push lower with (Y)-orange wave.ASX: SOUTH32 LIMITED – S32 1D Chart (Semilog Scale) AnalysisFunction: Counter trend (Minor degree, grey)  Mode: Corrective  Structure: Double Zigzag  Position: Wave B-grey of Wave (Y)-orange  Details: Since the high at 4.02 wave (Y)-orange is unfolding as a zigzag. Wave A-grey has completed, and wave B-grey is unfolding to push higher, targeting around the high at 3.50. After wave B-grey is completed, wave C-grey could return to push lower. While price must remain below the high at 4.02 to maintain this view.  Invalidation point: 4.02 ASX: SOUTH32 LIMITED – S32 4-Hour Chart AnalysisFunction: Counter Trend (Minor degree, grey)  Mode: Corrective   Structure: Zigzag  Position: Wave ©-navy of Wave B-grey Details: The shorter 4H chart, shows that the B-grey wave is unfolding to push higher, which itself is developing as a Zigzag, labeled ((a)),((b)),((c))-navy. Basically the ((c))-navy wave is almost done, it can continue to push higher, aiming for the nearest target at 3.31, breaking through this level will continue towards the target around 3.50. While price must always stay above 2.91 to maintain this view. Invalidation point: 4.02 Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: SOUTH32 LIMITED – S32 aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.More By This Author:Interest Rates Slashed To 5% By Fed: Comprehensive Elliott Wave Insights On Major Market Indices SBI […]

Image Source: PexelsHere is the ONE thing I think I am thinking THREE times this week. If you prefer video you can also see my thoughts on the big rate cut from my interview on Schwab Network in which I discussed the relevant conclusions.1) The Fed Goes 50!!!!!!Last week I wrote about whether the Fed would go 25 […]

Image Source: PixabayPfizer (PFE) is one of the world’s largest pharmaceutical firms, with annual sales close to $50 billion (excluding COVID-19 product sales).While it historically sold many types of healthcare products and chemicals, now prescription drugs and vaccines account for the majority of sales. Top sellers include the pneumococcal vaccine Prevnar 13, the cancer drug Ibrance, […]