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Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, March 27

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, March 27

Image Source: Unsplash  EURUSD Elliott Wave Analysis Trading Lounge Day Chart,    Euro/U.S.Dollar(EURUSD) Day Chart  EURUSD Elliott Wave Technical AnalysisFUNCTION: Counter Trend                MODE: impulsive as C              STRUCTURE: blue wave C                POSITION: black wave Y of 2     […]
USD/CHF Rises To Four-Month High Near 0.9050 Ahead Of US Economic Figures

USD/CHF Rises To Four-Month High Near 0.9050 Ahead Of US Economic Figures

 Photo by Claudio Schwarz on Unsplash   USD/CHF appreciates due to risk aversion ahead of key data from the United States. The decline in the US Treasury yields could limit the advance of the US Dollar. Swiss Franc has depreciated as a result of contrasting monetary policies between the SNB and the Fed. USD/CHF moves in the positive direction, […]
EUR/USD Forex Signal: Bears Are Still In Control

EUR/USD Forex Signal: Bears Are Still In Control

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0775. Add a stop-loss at 1.0885. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0850 and a take-profit at 1.0900. Add a stop-loss at 1.0800. The EUR/USD pair pulled back slightly after the weak US consumer confidence report. The pair retreated to 1.0830, […]
Market Briefing For Wednesday, March 27, 2024

Market Briefing For Wednesday, March 27, 2024

‘Escape velocity’ has never really been reached to the upside. Yes S&P is at or near record levels, as breadth has improved. However, even mega-caps at the helm of S&P leadership are softer this month generally, and small-caps have had bouts of strength, but mostly nothing significant or sustainable.Yes, money has come back into ‘the’ market, but […]
Sensex Today Trades Higher; Nifty Tops 22,100

Sensex Today Trades Higher; Nifty Tops 22,100

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders continued to be cautious and look ahead to key U.S. and European inflation readings later in the week.Wall Street stocks climbed early Tuesday, shrugging off the prior session’s decline as the market searches for direction ahead of […]
Elliott Wave Technical Analysis: ASX: Woodside Energy Group

Elliott Wave Technical Analysis: ASX: Woodside Energy Group

Image Source: Pexels  Unlocking ASX Trading Success: Woodside Energy Group Ltd – WDS Stock Analysis & Elliott Wave Technical ForecastASX: Woodside Energy Group Ltd – WDS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Woodside Energy Group Ltd – WDS. We ascertain that wave ((iv))-green is evolving as a Triangle […]
China: Industrial Profits Hit A 25-Month High Amid Signs Of Bottoming Out

China: Industrial Profits Hit A 25-Month High Amid Signs Of Bottoming Out

Image Source: PixabayIndustrial profits recovered to positive growthIndustrial profits rose from -4.3% YoY in 2023 to 10.2% YoY ytd through February 2024. This was the first positive growth since June 2022 and was also the highest growth rate since December 2021.By sector, this was mostly due to manufacturing profits recovering to 17% YoY ytd, up from […]
Metals Report For Tuesday, March 26

Metals Report For Tuesday, March 26

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:18More By This Author:Financial Markets Report For Tuesday, March 26SPDR ETF Report For Friday, March 22Financial Markets Report For Friday, March 22
EUR/JPY Recovers Losses On Possible Japanese Intervention, Trades Around 164.10

EUR/JPY Recovers Losses On Possible Japanese Intervention, Trades Around 164.10

Image Source: Pixabay EUR/JPY gains ground as a possibility of market intervention by Japanese authorities. Japan’s Suzuki does not rule out responding to disorderly FX movements. The Euro may encounter pressure on the expectation of the ECB’s rate cut in June. EUR/JPY moves back and forth with a negative tone as the Japanese Yen (JPY) is […]
USDCHF Breaks Higher: Uptrend Resumes Or Bullish False Start?

USDCHF Breaks Higher: Uptrend Resumes Or Bullish False Start?

Image Source: UnsplashUSDCHF has displayed a bullish breakout after a consolidation phase, hinting at a continuation of the uptrend. This analysis examines the technical situation and explores potential scenarios for the currency pair.Uptrend Reignited: Breakout Confirmed: Following a period of consolidation, USDCHF has decisively broken above the resistance level at 0.9019. This technical breakout confirms the continuation […]