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USD/CAD  Forex Elliott Wave Technical Analysis

USD/CAD  Forex Elliott Wave Technical Analysis

USD/CAD Elliott Wave Analysis Trading Lounge Day Chart,    U.S.Dollar /Canadian Dollar(USD/CAD) Day Chart  USD/CAD Elliott Wave Technical AnalysisFUNCTION:   Trend                      MODE: impulsive                    STRUCTURE:blue wave 3                    POSITION:black  wave 3 […]
USD/JPY Analysis: Uptrend Until Japanese Intervention

USD/JPY Analysis: Uptrend Until Japanese Intervention

A downside shift for the USD/JPY pair will not occur without anticipated Japanese intervention in the markets to prevent further collapse of the Japanese yen’s price. At the end of last week’s trading, the price of the USD/JPY currency pair unexpectedly declined to the support level of 150.82 after strong gains earlier in the week, […]
Bitcoin Commentary – Monday, April 8

Bitcoin Commentary – Monday, April 8

Bitcoin Halving EventBitcoin prices are seeing a fresh move higher across early European trading on Monday with futures prices now very close to retesting the current YTD (and all-time) highs.  The buying likely reflects renewed demand interest ahead of the upcoming Bitcoin halving event. With BTC supply due to be reduced on April 20th, traders […]
BTC/USD Forecast: Attracts Buyers On Dips

BTC/USD Forecast: Attracts Buyers On Dips

The Bitcoin market obviously has a lot of support underneath, and it’s especially apparent near the $65,000 level. And even more so. And the $60,000 level, which is not only a large, round, psychologically significant figure, but also where the 50 day EMA is currently sitting and of course, an area where we’ve seen buyers in the past. Market Memory?So, […]
Gold Hits New Record High Amid Favourable Factors

Gold Hits New Record High Amid Favourable Factors

Gold’s price soared to a new record high on Monday, stabilising around 2344.00 USD per troy ounce. A confluence of factors is currently bolstering the precious metal’s value.Geopolitical tensions in the Middle East are a significant driver, positioning gold as a preferred “safe-haven” investment. Additionally, central banks worldwide are increasing their gold reserves, while global […]
Natural Gas Commodity Elliottwave Technical Analysis

Natural Gas Commodity Elliottwave Technical Analysis

Natural Gas Elliottwave Analysis Mode – Impulsive Structure – Impulse Wave Position – Wave (ii) of 5 Direction – Wave (iii) of 5 Details:  Wave (ii) is completed and the price is now in wave (iii) and expected to extend to 1.35 or below. Wave 4 invalidation is around 2.00.The journey of Natural Gas embarked on a […]
Platinum Trading Strategy: XPTUSD Analysis And Forecast

Platinum Trading Strategy: XPTUSD Analysis And Forecast

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Asia Morning Bites – Monday, April 8

Asia Morning Bites – Monday, April 8

Image Source: UnsplashGlobal Macro and Markets Global Markets: Last Friday’s hotter-than-expected payrolls data reaffirmed the resilience of the US economy and market participants are expecting the Fed to push back the timing of a rate cut to July or even to September. Risk assets took the strong payrolls data as a good sign in the hope of better […]
Economic Data Forecasts For The Weeks Of April 8 And April 15

Economic Data Forecasts For The Weeks Of April 8 And April 15

Here are my forecasts for upcoming economic data.           Prior     Forecast Observation           Week of April 8       April 9       NFIB Small Business Optimism Index – March 90.0 89.4           April 10       Consumer […]
Market Briefing For Monday, April 8

Market Briefing For Monday, April 8

Projects beginning to bite – from the Infrastructure (mostly union), as jobs reflect. Notably minority jobs did not proportionately gain; but revisions might change that. Not being cynical; just the fact the last few reports got revised.Many of the jobs are part-time; and many shortages are in skilled labor where there are insufficient journeymen and experienced […]