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Unlocking ASX Trading Success: GOODMAN GROUP Stock Analysis & Elliott Wave Technical Forecast – Monday, October 14

Unlocking ASX Trading Success: GOODMAN GROUP Stock Analysis & Elliott Wave Technical Forecast – Monday, October 14

ASX: GOODMAN GROUP – GMG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ARISTOCRAT LEISURE LIMITED – ALL. We see GMG about to push higher in the short term with a grey v-wave.ASX: GOODMAN GROUP – GMG 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, […]
China Is Experiencing A Deflationary Trend. Rating Agencies Downgraded France

China Is Experiencing A Deflationary Trend. Rating Agencies Downgraded France

On Friday, the Dow Jones (US30) rose 0.97% (for the week +1.36%) and set a new all-time high. The S&P 500 Index (US500) gained 0.61% (for the week +1.35%). The NASDAQ Technology Index (US100) closed positive 0.15% (for the week +1.59%). Despite a sharp drop in Tesla (TSLA) shares due to a failed robot cab […]
EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve’s monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year.Economic data from Germany showed […]
GBPUSD Forex Elliott Wave Technical Analysis – Monday, October 14

GBPUSD Forex Elliott Wave Technical Analysis – Monday, October 14

GBPUSD Elliott Wave Analysis Trading Lounge Day ChartBritish Pound/ U.S. Dollar (GBPUSD) Day Chart GBPUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 3 Direction (Next Higher Degrees): Navy Blue Wave 3 Details: Navy Blue Wave 1 completed, Navy Blue Wave 2 in play Wave Cancel Invalid Level: 1.34365  Analysis OverviewThe GBPUSD Elliott Wave analysis on the […]
EURUSD: Sell Rallies

EURUSD: Sell Rallies

The dollar has been in a strong recovery for the past two weeks, ever since the Fed decided to cut rates by 50 basis points in mid-September. This appears to be a classic “buy the rumor, sell the news” situation, as much of the dollar weakness earlier this year was driven by speculation that the […]
Market Uncertainty Deepens As China Demand, Geopolitical Tensions, And Corporate Moves Shape Today’s Headlines

Market Uncertainty Deepens As China Demand, Geopolitical Tensions, And Corporate Moves Shape Today’s Headlines

Image Source: DepositPhotosOil Prices Slide Amid China Demand ConcernsOil prices have reversed nearly all of last week’s gains, driven by concerns over weakened demand from China. As the world’s largest importer of crude, China’s fluctuating demand has a significant impact on oil prices, which are now responding to underwhelming economic stimulus updates from Beijing. Bitcoin Sees […]
GBP/USD Price Forecast: Bears Have The Upper Hand, 50-Day SMA Breakdown In Play

GBP/USD Price Forecast: Bears Have The Upper Hand, 50-Day SMA Breakdown In Play

The GBP/USD pair extends its sideways consolidative price move at the start of a new week and oscillates in a narrow trading band around mid-1.3000s through the first half of the European session. Meanwhile, spot prices remain close to a one-month low and seem vulnerable to prolonging the recent retracement slide from the 1.3535 area, […]
GBP/USD Forex Signal: British Pound Finds Support On Friday

GBP/USD Forex Signal: British Pound Finds Support On Friday

Potential Signal: I’d be a buyer of this pair on a daily close above the 50 Day EMA. At that point, I would put my stop loss at the 1.2990 level, and would be aiming for a move to the 1.3320 level. During my analysis of the GBP/USD exchange pair, the first thing I notice is […]
Analytical Overview Of The Main Currency Pairs – Monday, October 14

Analytical Overview Of The Main Currency Pairs – Monday, October 14

The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0925 Prev. Close: 1.0932 % chg. over the last day: +0.06 % Signs of slowing economic growth and weakening price pressures have reinforced the need for faster rate cuts to support the Eurozone economy. The ECB is expected to cut the deposit rate by […]
Dogecoin Crypto Price News Today Elliott Wave Technical Analysis – Monday, October 14

Dogecoin Crypto Price News Today Elliott Wave Technical Analysis – Monday, October 14

DepositPhotosElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)Function: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) may not be complete, price is likely to be below 0.076Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:This is a 5 wave retracement of wave (C), where we are in the final stages […]