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Elliott Wave Technical Analysis: NIFTY 50 (India) Index

Elliott Wave Technical Analysis: NIFTY 50 (India) Index

NIFTY 50 (India) Elliott Wave Analysis – Trading Lounge Day Chart NIFTY 50 (India) Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive as A Structure: Gray Wave A Position: Orange Wave 4 Direction for Next Higher Degrees: Gray Wave B Details: Orange wave 3 appears complete. Now, A of orange wave 4 is active. Wave Cancellation Level: 26490.5 The daily Elliott Wave […]
Gold Forecast: Gold Continues To Show Strength

Gold Forecast: Gold Continues To Show Strength

In my daily analysis of the gold market, the first thing that I notice is that we have in fact broke above the resistance barrier in the last several days. By doing so, the market looks as if it is ready to continue going higher, perhaps finally reaching the $2800 level that I had suggested […]
Dogecoin Rockets Ahead: Will The Rally Hold?

Dogecoin Rockets Ahead: Will The Rally Hold?

Dogecoin is up over 20% and trading above the $0.1650 support zone against the US Dollar. DOGE must clear the $0.1780 resistance to continue higher. DOGE price started a major increase above the $0.1500 resistance level. The price is trading above the $0.1650 level and the 100-hourly simple moving average. There is a key bullish […]
BTC/USD Forex Signal: Bitcoin Price After Hitting Record High

BTC/USD Forex Signal: Bitcoin Price After Hitting Record High

Bullish View Buy the BTC/USD pair and set a take-profit at 75,000. Add a stop-loss at 71,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 73,000 and a take-profit at 70,000. Add a stop-loss at 75,000. Bitcoin price continued surging, retesting its all-time high as the recent momentum continued. The BTC/USD pair jumped to […]
Why Companies Are Suddenly Stopping All Hiring (Is This The New Normal?)

Why Companies Are Suddenly Stopping All Hiring (Is This The New Normal?)

Image Source: Pixabay  Demand for workers tumbled, employers wouldn’t hire, employees quit, and now more than a hint of layoffs. All of that for September, from the same month as the magic payroll report. Plus reaction to the real situation from energy, metals, and what’s happening with interest rates from a foreign perspective.Video Length: 00:17:21More By […]
US GDP Expected To Grow At Solid 3% In Q3, Highlighting Economic Strength

US GDP Expected To Grow At Solid 3% In Q3, Highlighting Economic Strength

The United States Gross Domestic Product is expected to grow at an annualized rate of 3.0% in Q3. The US economy continues to outperform its G10 peers.  Investors anticipate the Federal Reserve will reduce interest rates by 25 bps in November. The US Bureau of Economic Analysis (BEA) is scheduled to release the preliminary estimate […]
Sensex Today Trades Lower; Nifty Below 24,400; Cipla Down 4%

Sensex Today Trades Lower; Nifty Below 24,400; Cipla Down 4%

Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested US election that could have huge ramifications for the world’s second-largest economy, even as Beijing tries to shore up growth.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2% in early trade, tracking a decline in […]
Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Wednesday, Oct. 30

Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Wednesday, Oct. 30

USDCAD Elliott Wave Analysis – Trading Loune U.S. Dollar / Canadian Dollar (USDCAD) Day ChartUSDCAD Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 1 Position: Gray Wave 3 Direction for Next Lower Degrees: Navy Blue Wave 2 Details: Navy Blue Wave 1 remains active and appears close to completion. Wave Cancellation Level: 1.34189 The daily Elliott Wave analysis for […]
Will Shiba Inu Rally 50% After Breaking Key Resistance?

Will Shiba Inu Rally 50% After Breaking Key Resistance?

 Image Source: Pexels   Shiba Inu is trading at $0.0000191, up 6% in the last 24 hours. SHIB is currently above its 200-day EMA, signaling an uptrend. On-chain data shows a bullish Long/Short ratio of 0.97. In the cryptocurrency landscape, Shiba Inu (SHIB) is once again garnering investor attention with a notable price breakout, signalling a […]
Gold Not Bothered By All Of The Uncertainty

Gold Not Bothered By All Of The Uncertainty

Image Source: Pixabay  As we inch closer to the US election, tension is running even higher and the outcome is becoming increasingly uncertain. It feels like with each passing minute the balance swings from one side to the next as the race proves to be exceptionally tight.Video Length: 00:01:05More By This Author:Cautious Trade In Neck And […]