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NTPC – NTPC Stocks Elliott Wave Technical Analysis – Friday, October 4

NTPC – NTPC Stocks Elliott Wave Technical Analysis – Friday, October 4

NTPC – NTPC (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Trend Higher (Intermediate degree Wave (5), orange)Mode: MotiveStructure: ImpulsePosition:, Minute Wave ((v)) NavyDetails: Minute Wave ((v)) Navy, is progressing higher towards 455, within Minor Wave 5 of Intermediate Wave (5) Orange. Alternatively, Wave 5 could be complete around 448-50. Traders may tighten risk to 386.Invalidation point: 386NTPC […]
Oil Prices Could Surge By $20 As Tensions In Iran Escalate, Warns Goldman Sachs

Oil Prices Could Surge By $20 As Tensions In Iran Escalate, Warns Goldman Sachs

Global oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened regional tensions.US crude futures surged by 5% on Thursday, with continued upward momentum on Friday, driven by concerns that Israel might strike Iran’s oil sector.This […]
Crude Oil Posts Fresh Monthly High As Markets Weigh Up Likelihood Of Fresh Escalation In Middle East

Crude Oil Posts Fresh Monthly High As Markets Weigh Up Likelihood Of Fresh Escalation In Middle East

Crude Oil heads into its fourth straight day of gains for this week, accumulating more than 8% price rise since its opening on Monday. With tensions not easing in Lebanon, more risk is being priced in after headlines emerged that Israel was seeking green light from the Biden administration to target Oil installations in Iran. Concerns about […]
FTSE 100 (UK) Index Elliott Wave Technical Analysis 8

FTSE 100 (UK) Index Elliott Wave Technical Analysis 8

FTSE 100 (UK) Elliott Wave Analysis – Trading Lounge Day ChartFTSE 100 (UK) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 5 Direction: North Next Higher Degrees: Gray Wave 3 (started) Details: Gray Wave 2 appears completed. Gray Wave 3 is now active. Wave Cancelation Level: 7,920.18The FTSE 100 Elliott Wave Analysis for the daily chart outlines a bullish trend, […]
XRP Price Stabilizes After Losses: Can Bulls Regain Momentum?

XRP Price Stabilizes After Losses: Can Bulls Regain Momentum?

XRP price extended losses and tested the $0.5080 support level. The price is now consolidating and might aim for a recovery toward the $0.580 resistance. XRP price declined further below the $0.5250 zone. The price is now trading below $0.5450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with […]
USDCHF Forex Elliott Wave Technical Analysis – Friday, October 4

USDCHF Forex Elliott Wave Technical Analysis – Friday, October 4

USDCHF Elliott Wave Analysis Trading Lounge Day ChartU.S. Dollar/Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Orange wave C Position: Navy blue wave 2 Direction Next Lower Degrees: Navy blue wave 3 Details: Navy blue wave 1 appears completed, with orange wave C of navy blue wave 2 currently forming. […]
AUD/JPY Price Forecast: Attracts Some Sellers Near 100.00, Further Consolidation Cannot Be Ruled Out

AUD/JPY Price Forecast: Attracts Some Sellers Near 100.00, Further Consolidation Cannot Be Ruled Out

The AUD/JPY cross extends its decline to around 100.00 during the early European session on Friday. The Japanese Yen (JPY) climbs against the Australian Dollar (AUD) after comments from Japan’s ministers earlier in the day. Japan’s new economy minister Ryosei Akazawa said on Friday that the timing of changes in the Bank of Japan’s (BoJ) […]
Kiwi Is Slowing Down For A Correction

Kiwi Is Slowing Down For A Correction

Kiwi with ticker NZDUSD was trading sideways for the last year or two, but looks like an accumulation within uptrend, where it can be forming a bullish setup of different degrees. We still believe the Kiwi is pointing higher after recent five-wave rally in the 4-hour chart, but now that is turning sharply down after […]
SEC and DOJ back Nvidia investor lawsuit over alleged crypto sales misrepresentation

SEC and DOJ back Nvidia investor lawsuit over alleged crypto sales misrepresentation

Key Takeaways Nvidia’s alleged misrepresentation of sales to crypto miners led to a class action lawsuit. The DOJ and SEC support the lawsuit’s revival, emphasizing the role of private actions in securities regulation. Share this article The US Department of Justice and Securities and Exchange Commission have voiced support for reviving a class action lawsuit […]
EUR/USD Hits Three-Week Low Amid ECB Easing Expectations

EUR/USD Hits Three-Week Low Amid ECB Easing Expectations

The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish economic growth and inflation rates falling below the ECB’s 2% target in the Eurozone.Recent data revealed that the Eurozone’s annual […]