Archives by Month:

Archives by Year:

Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Thursday, Dec. 5

Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Thursday, Dec. 5

U.S. Dollar/Japanese Yen (USDJPY) Day Chart AnalysisUSDJPY Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 1 Direction (Next Higher Degrees): Navy Blue Wave 3 (Initiated) Details: Navy Blue Wave 2 appears completed, and Navy Blue Wave 3 is currently in progress. Wave Cancel Invalidation Level: 139.504 Analysis OverviewThe daily chart for USDJPY applies […]
Forex Today: Bitcoin Breaks $100,000

Forex Today: Bitcoin Breaks $100,000

Image Source: Unsplash  Bitcoin, the world’s largest cryptocurrency, traded above $100,000 for the first time ever today. The cryptocurrency Bitcoin has finally made a bullish breakout beyond $100,000 after spending a couple of weeks consolidating below this significant level, which is likely to be a pivotal point for the world’s largest cryptocurrency. Trend and momentum traders will be […]
Sensex Today Trades Higher And Nifty Above 24,500

Sensex Today Trades Higher And Nifty Above 24,500

Asia-Pacific markets traded mixed Thursday after Wall Street stock benchmarks notched record highs, shrugging off global political turmoil.Investors are continuing to monitor the political situation in South Korea and France.A tech rally boosted US stocks on Wednesday, with all three major indexes hitting new record closes, as investors digested Federal Reserve Chair Jerome Powell’s comments […]
BTC Report: Trading Volume Skyrockets, Price Soars Past $100k

BTC Report: Trading Volume Skyrockets, Price Soars Past $100k

Image Source: Pexels  Bitcoin (BITCOMP) has once again captured the spotlight in financial, surging to unprecedented heights and sparking fervor across the financial landscape. The cryptocurrency has reached a new peak, hitting a record $103,091.89 and crossing the psychologically important $100,000 level.This monumental rise is fueled by a confluence of factors, including substantial inflows into spot […]
Gold Must Demonstrate Resilience To Downward Pressure For Sustained Upside Potential

Gold Must Demonstrate Resilience To Downward Pressure For Sustained Upside Potential

 Image Source: Pixabay   Gold was little changed on Thursday as safe haven demand was limited despite France and South Korea turmoil. Experts believe that gold prices need to consolidate gains for further upside momentum. Traders are still pricing in a 73.8% probability of US Fed cutting rates by 25 basis points later this month. Gold […]
Lilly Tops Nordisk In Weight Loss Battle

Lilly Tops Nordisk In Weight Loss Battle

The two market-leading weight loss/obesity drugs (GLP-1), Zepabound (Eli Lilly) and Wegovy (Novo Nordisk), just completed a clinical side-by-side trial. After 72 weeks of testing on 750 obese or overweight adults with at least one medical problem, Eli Lilly came out ahead by a substantial margin. Per Eli Lilly: Zepabound provided a 47% greater relative […]
FX Daily: Most Focus Is On The Yen

FX Daily: Most Focus Is On The Yen

Image Source: Unsplash  FX markets are consolidating ahead of tomorrow’s big US jobs release and the dollar is a little softer after the ISM Services release disappointed expectations yesterday. The collapse of the French government has not had much impact on the euro and most of the short-term focus is on whether the Bank of Japan […]
USD/CAD Forecast: US Dollar Dips Slightly Against Loonie

USD/CAD Forecast: US Dollar Dips Slightly Against Loonie

During my daily analysis of the USD/CAD pair, the first thing that captures my attention is the 1.40 level below. The 1.40 level has been important multiple times, not only recently, but over the longer term as well. At this juncture, it looks like the market is trying to do everything it can to consolidate […]
Elliott Wave Technical Analysis IBEX 35 Index

Elliott Wave Technical Analysis IBEX 35 Index

IBEX 35 (Spain) Elliott Wave Analysis Trading Lounge Day ChartIBEX 35 Daily Chart AnalysisIBEX 35 Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction (Next Higher Degrees): Gray Wave 3 (Initiated) Details: Gray Wave 2 appears completed, and Gray Wave 3 within Orange Wave 3 is in progress. Wave Cancel Invalidation Level: 11,295.17 Analysis […]
​​Japan’s trusted crypto media, JinaCoin, delivers Bitcoin analysis

​​Japan’s trusted crypto media, JinaCoin, delivers Bitcoin analysis

Share this article Bitcoin (BTC) Price AnalysisThe price of Bitcoin reached $100,000 today, December 5th, around 11:00 AM, and as of the time of writing, it has surged further to $103,000. Yesterday, December 4th, Wednesday’s trading session closed with a +2.87% increase compared to the previous day, forming a bullish candlestick.During yesterday’s trading, Bitcoin successfully […]