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BTC/USD Forex Signal: Bitcoin Gains Could Be Short-Lived

BTC/USD Forex Signal: Bitcoin Gains Could Be Short-Lived

Bearish view Sell the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at 66,500. Timeline: 1-2 days.  Bullish view Set a buy-stop at 64,000 and a take-profit at 66,500. Add a stop-loss at 60,000. Bitcoin held steady in the overnight session even as American stocks continued its downward trend. The BTC/USD currency pair rose […]
Rebound In German Industrial Production Fails To Alleviate Recession Fears

Rebound In German Industrial Production Fails To Alleviate Recession Fears

Image source: PixabayGerman industrial production saw a 2.9% month-on-month increase in August, recovering from a -2.9% decline in July. On the year, industrial production is still down by almost 3%. The rebound was mainly driven by a surge in the currently volatile monthly activity in the automotive sector and stronger production of investment goods. The construction […]
Forex Elliott Wave Technical Analysis: Australian Dollar / Japanese Yen (AUDJPY)

Forex Elliott Wave Technical Analysis: Australian Dollar / Japanese Yen (AUDJPY)

Image Source: PixabayAustralian Dollar / Japanese Yen (AUDJPY) Day ChartAUDJPY Elliott Wave Technical Analysis Trend: Bearish Mode: Impulsive Structure: Navy blue wave 3 Next Lower Degree Wave: Navy blue wave 3 (ongoing) The AUDJPY Elliott Wave Analysis on the daily chart highlights a bearish trend currently in motion. The analysis is operating in an impulsive mode, suggesting that the market is undergoing […]
Linea proposes framework for L2 decentralization, plans shift to proof-of-stake

Linea proposes framework for L2 decentralization, plans shift to proof-of-stake

Key Takeaways Linea plans to transition to a proof-of-stake model for block validation. An auction system for block proposers will be implemented to reduce token supply. Share this article Linea, the Layer 2 ZK rollup developed by Consensys, has unveiled a proposal outlining steps towards decentralizing its network. The proposal, titled “towards Linea’s decentralization,” presents […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Tuesday, Oct 8

Gold Trading Strategy, XAUUSD Analysis & Forecast – Tuesday, Oct 8

Image Source: PixabayToday 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: 00:02:47More By This Author:Palladium Trading Strategy And XPDUSD Forecast For […]
SPDR ETF Report For Monday, Oct 7

SPDR ETF Report For Monday, Oct 7

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Monday, October 7.Video Length: 00:21:06More By This Author:Financial Markets Report For Monday, Oct 7Metal Markets Report For Friday, Oct 4SPDR ETF Report For Friday, Oct 4
The US$, Gold And The US Election

The US$, Gold And The US Election

Photo by Dmitry Demidko on UnsplashBoth Kamala Harris and Donald Trump are espousing policies that will be bearish for the US$ and bullish for gold. This means that regardless of what it turns out to be, the outcome of the November-2024 Presidential Election will be consistent with our view that the US dollar’s foreign exchange value will continue […]
Amid Israel-Iran Fight, Where Will Oil Go Next?

Amid Israel-Iran Fight, Where Will Oil Go Next?

Image Source: PixabayIran fired hundreds of missiles at Israel on Tuesday in response to Israeli airstrikes and attacks. Israel’s Prime Minister Benjamin Netanyahu said Iran made a big mistake and would pay for it, and Iran threatened a crushing response if Israel retaliated. Wednesday, oil ran right up to resistance and was looking for an excuse to […]
Golden Week Shower

Golden Week Shower

Image Source: PixabayAlthough I had to grit my teeth on Monday to hang on to my Chinese stock puts (PDD, JD and YUMC in particular), it looks like the tide may be turning. On this Monday evening (PST) as I am typing this, Hang Seng futures are down sharply, as Chinese traders return from their government-mandated week-long holiday.The Chinese ETF symbol FXI […]
Elliott Wave Technical Analysis: ChainLink Crypto Price News For Tuesday, Oct 8

Elliott Wave Technical Analysis: ChainLink Crypto Price News For Tuesday, Oct 8

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartChainLink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Triple CorrectivePosition: Wave ZDirection Next higher Degrees: Wave ((II)) of ImpulseWave Cancel invalid Level:Details:: Wave (II) is likely to retest at 6.882ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the decline […]