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Elliott Wave Technical Analysis: IBEX 35 – Thursday, Nov. 14

Elliott Wave Technical Analysis: IBEX 35 – Thursday, Nov. 14

IBEX 35 (Spain) Daily Chart AnalysisIBEX 35 Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Direction (Next Higher Degrees): Gray Wave 3 Details: Gray wave 1 appears completed; gray wave 2 within orange wave 3 is active. Wave Cancellation Invalidation Level: 10,289.18 Analysis OverviewThe IBEX 35 Elliott […]
EUR/AUD Forecast: Rallies After Bounce Against The Aussie Dollar

EUR/AUD Forecast: Rallies After Bounce Against The Aussie Dollar

The euro have been a little bit positive during the trading session on Wednesday against the Australian dollar as it looks like we are threatening the 50 day EMA. If we can break above the 50 day EMA, then it is possible that we can break above the 200 day EMA as well, sending the […]
Sensex Today Trades Higher; Nifty Above 23,550; Mishra Dhatu Nigam Rallies 8%

Sensex Today Trades Higher; Nifty Above 23,550; Mishra Dhatu Nigam Rallies 8%

Hong Kong stocks led declines in Asia on Monday after Beijing’s latest stimulus fell short of investor expectations, overshadowing Wall Street’s record highs from Friday and futures pointing to further strength at the reopen.Japan’s Nikkei fell 0.3%. South Korea’s Kospi lost 0.9% and Taiwan’s benchmark slipped 0.7%.The S&P 500 and the Dow Jones Industrial Average […]
BTC/USD Forex Signal: Bitcoin Steady As Bulls Target $100,000

BTC/USD Forex Signal: Bitcoin Steady As Bulls Target $100,000

Bullish View Buy the BTC/USD pair and set a take-profit at 100,000. Add a stop-loss at 80,000. Timeline: 1-2 days, Bearish View Sell the BTC/USD pair and set a take-profit at 80,000. Add a stop-loss at 100,000. Bitcoin, the biggest cryptocurrency in the industry, surged to a record high of nearly $94,000 as the Donald […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Thursday, Nov. 14

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Thursday, Nov. 14

Euro/ U.S. Dollar (EURUSD) Daily Chart AnalysisEURUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave C Direction (Next Higher Degrees): Navy Blue Wave 4 Details: Navy blue wave 2 appears completed; navy blue wave 3 is currently active. Wave Cancellation Invalidation Level: 1.08263 Analysis OverviewThe EURUSD Elliott […]
Market Having A Hard Time Getting Away From The Trump Trade

Market Having A Hard Time Getting Away From The Trump Trade

There were no surprises from Wednesday’s US inflation data and the market was back to focusing in on the Trump trade and all of the Dollar bullish implications from expectations around the incoming administration’s policies on trade and tax.Video Length: 00:01:01More By This Author:US Inflation Data Comes Into Focus Trump Trade Back In Full Swing […]
EUR/USD Refreshes Annual Lows As US Dollar Extends Rally

EUR/USD Refreshes Annual Lows As US Dollar Extends Rally

 Image Source: Pixabay   EUR/USD sinks to near 1.0530 as the US Dollar extends its rally as Republicans win both houses in the US. The US inflation accelerated expectedly in October, which boosted expectations of an interest rate cut in December. Investors await Fed Jerome Powell’s speech on Thursday for fresh interest rate guidance. EUR/USD posts a […]
Rates Spark: Markets Relieved By Consensus US CPI

Rates Spark: Markets Relieved By Consensus US CPI

Image Source: PexelsThe US core CPI number came in at 0.3% MoM, which on an annualised basis still looks too high for Powell. However, markets reacted with relief, causing US rates to move lower. Euro rates are still considering the likelihood of a 50bp cut in December, currently estimated at 20%. Based on OIS spreads, the Bund swap […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Nov 14

Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Nov 14

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: 00:03:51More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Thursday, Nov 14

Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Thursday, Nov 14

Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave ((C)) of ZigzagWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising again in wave 3Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: The correction in wave II seems to be over so […]