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CBA Stock Analysis & Elliott Wave Technical Forecast

CBA Stock Analysis & Elliott Wave Technical Forecast

ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMMONWEALTH BANK OF AUSTRALIA. – CBA. We identify a correction wave as the 2-red wave that has just ended, and we are continuously watching for a CBA for a Long-term trade.ASX: COMMONWEALTH BANK […]
Stocks Stall Ahead Of Massive Data Dump And Earnings

Stocks Stall Ahead Of Massive Data Dump And Earnings

Stocks finished flattish on the day, but we are moving into the busiest part of the week. Now that Meta’s results are out of the way, we will have GDP and PCE to finish the week off, along with earnings from Microsoft and Alphabet. On top of that, next week will be even busier with […]
The Bear Market Rally Of Oct22-Mar24 Is Over

The Bear Market Rally Of Oct22-Mar24 Is Over

The bear market rally which began on October 13, 2022 with an intraday low of 3,492 topped on March 28, 2024 with an intrday high of 5,265. From top to bottom the S&P rallied about 50%.It has been well said that “bottoms are events while tops are processes”. In this blog, I will review the […]
GBPUSD Reverses Course: Downtrend Over Or Bullish Correction?

GBPUSD Reverses Course: Downtrend Over Or Bullish Correction?

GBPUSD’s recent price action indicates a potential shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair.  GBPUSD Breaks Above Trend Line Downtrend Correction Likely: GBPUSD has decisively broken above the falling trend line on the 4-hour chart. This trend line had been a key resistance level throughout the […]
Elliott Wave Intraday Analysis On GBPUSD Shows 5 Waves Bullish Impulse

Elliott Wave Intraday Analysis On GBPUSD Shows 5 Waves Bullish Impulse

Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.2894. Down from […]
Cardano Crypto Price News Today Elliott Wave Technical Analysis 

Cardano Crypto Price News Today Elliott Wave Technical Analysis 

Elliott Wave Analysis TradingLounge Daily Chart,Cadarno/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 0.358Cadarno/ U.S. dollar(ADAUSD)Trading Strategy:The second wave correction in the Expanded Flat pattern, where we are in the middle […]
Ethereum Sees Decline In Whale Interest Amid Rising Bearish Threats: What’s Next For ETH Price?

Ethereum Sees Decline In Whale Interest Amid Rising Bearish Threats: What’s Next For ETH Price?

The post Ethereum Sees Decline In Whale Interest Amid Rising Bearish Threats: What’s Next For ETH Price? appeared first on Coinpedia Fintech NewsEther price witnessed a severe drop a few days ago, currently failing to maintain a trading position around $3,300. Whenever ETH approached the $3,000 mark, buyers stepped in, defending the support. However, those short-term buyers then […]
Japanese Yen Plummets To Fresh 34-Year Low Against USD, Around Mid-155.00s

Japanese Yen Plummets To Fresh 34-Year Low Against USD, Around Mid-155.00s

The Japanese Yen (JPY) extends its weakening trend further below the 155.00 psychological mark and drops to the lowest level since June 1990 against its American counterpart during the Asian session on Thursday. The wide interest-rate differential between Japan and the United States (US) is seen as a key factor that continues to undermine the […]
GBP/USD Snaps The Two-Day Winning Streak Above 1.2450, Eyes On US GDP Data

GBP/USD Snaps The Two-Day Winning Streak Above 1.2450, Eyes On US GDP Data

The GBP/USD pair snaps the two-day winning streak near 1.2460 amid the modest rebound of the US Dollar (USD) on Thursday during the early Asian session. The release of the US Gross Domestic Product (GDP) for the first quarter (Q1) will take center stage on the day. Also, the usual weekly Initial Jobless Claims and Pending Home […]
Fireblocks unveils features to prevent DeFi scams

Fireblocks unveils features to prevent DeFi scams

Fireblocks released its “dApp Protection” and “Transaction Simulation” features to the public, according to an April 24 blog post. These tools are designed to mitigate the risks associated with decentralized applications (dApp), particularly the threat of phishing attacks which have led to over $1.1 billion in lost funds in 2023 alone. The dApp Protection feature […]