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Pairs In Focus – Sunday, Oct. 13

Pairs In Focus – Sunday, Oct. 13

Image Source: Pixabay AUD/USD The Australian dollar’s performance was somewhat lackluster during the week, but it now appears to be attempting to bounce. It is worth noting that the market could be forming some type of base. If the market were to break above the 0.6850 level, and perhaps even more importantly, the 0.6925 level, then buyers would certainly continue […]
The Short-Term Downtrend Is Unclear

The Short-Term Downtrend Is Unclear

Image Source: PixabayFriday was a big day in the market, as shown in the chart below. The NYSE had formed a tight consolidation that resulted in a forceful breakout to new highs. This looks quite bullish to me.The PMO Index showed a convincing short-term momentum downtrend for most stocks, which started on Oct. 3 (note that a downtrend includes […]
Weekly Technical Update: Nasdaq 100 – Sunday, Oct. 13

Weekly Technical Update: Nasdaq 100 – Sunday, Oct. 13

Image Source: PexelsThis week my focus is primarily on what I am anticipating to be a stronger rally. The Nasdaq looks nearly ready to release a “coiled spring” to the upside. If this is correct, expectations would be for a quick surge higher that could easily break to new all-time highs.00:28:29More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update […]
Gold – Pullback As A Springboard

Gold – Pullback As A Springboard

Image Source: Unsplash In recent weeks, gold has experienced significant fluctuations, marked by an impressive rally and subsequent pullback. As the price of gold reached new heights, investors have been keenly observing the dynamics at play. This article delves into the recent movements in gold prices, analyzing key milestones, market consolidations, and the factors influencing these […]
Russia Set To Launch Central Bank Digital Currency For Public Use

Russia Set To Launch Central Bank Digital Currency For Public Use

Image Source: Pexels Russia plans to introduce central bank digital currency for public use next year. This is another step forward toward a completely cashless society and a step backward for financial privacy. According to a press release from the Bank of Russia, digital rubles will be available to the public by July 1, 2025, and the system will […]
Where Gold Prices Are Headed Next

Where Gold Prices Are Headed Next

Image Source: Pixabay Gold prices have continued to hit fresh highs in 2024 due to a wide range of factors — from escalating geopolitical risks and the interest rate outlook to budget deficit concerns, inflation hedging and central bank buying.Gold’s blistering rally this year was partly fueled by expectations the Federal Reserve (Fed) would cut interest […]
Uber Stock Price Forecast: Is It Too Late To Buy?

Uber Stock Price Forecast: Is It Too Late To Buy?

Image Source: Unsplash Uber Technologies (UBER) stock price went parabolic last week, soaring to a record high of $86 as investors focused on Tesla’s robotaxi event. It has been one of the best-performing companies this year as its stock has jumped by over 40%. This rally has brought its market cap to over $181 billion. Tesla’s […]
USD/JPY Analysis And Forecast

USD/JPY Analysis And Forecast

Image Source: Unsplash Today you will see USDJPY price prediction based on the technical analysis. What is the support and resistance on the daily time frame for USDJPY.What to expect where the price will breakout for the USDJPY based on the supply and demand zones.Video Length: 00:03:12More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
The Fed And Its Muddy Path Forward

The Fed And Its Muddy Path Forward

Image source: Wikipedia Not forcing the government to cut spending and allowing it to pile up massive debt can be seen as the Fed’s biggest failure. The existing massive sovereign debt makes the Fed’s path forward a matter of great debate. When describing its options, terms such as “painted itself in a corner” are used. This […]
Bitcoin Price Holds Above $63,000 — Here’s The Next Critical Resistance Level

Bitcoin Price Holds Above $63,000 — Here’s The Next Critical Resistance Level

Image Source: Unsplash The Bitcoin price has been relatively quiet in October, but things seem to be looking up after the premier cryptocurrency broke the $63,000 mark on Saturday, October 12. However, the crypto has to scale a major resistance level if the current bull run is to get back on track. $64,000 The Resistance Level To […]