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Elliott Wave Technical Analysis: The Coca-Cola Company – Thursday, March 14

Elliott Wave Technical Analysis: The Coca-Cola Company – Thursday, March 14

Image Source: Pixabay  KO Elliott Wave Analysis Trading Lounge Daily Chart, 14 March 2024The Coca-Cola Company,  (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (1) of Primary 3.  DIRECTION: Upside into wave 3 of (1).DETAILS: We are looking for further upside into wave 3 as we have yet to take the highs of […]
The World’s Biggest Stock Markets, By Country

The World’s Biggest Stock Markets, By Country

In this graphic, we’ve visualized the global market capitalization of stock markets by country, based on figures from S&P Dow Jones Indices. More specifically, this is based on the methodology of the S&P Global Broad Market Index (BMI), which captures over 14,000 stocks from developed and emerging markets.As a point of reference, we’ve also illustrated the […]
AUD/JPY Climbs Closer To 97.90, Buoyed By Prospect Of RBA Considering Rate Hikes

AUD/JPY Climbs Closer To 97.90, Buoyed By Prospect Of RBA Considering Rate Hikes

Image Source: DepositPhotosAUD/JPY extends its upward trajectory for the third consecutive session, reaching around 97.90 during European trading hours on Thursday. The AUD/JPY cross receives upward momentum as the Reserve Bank of Australia (RBA) continues to hint at the possibility of further rate hikes.RBA Governor Michelle Bullock recently emphasized that inflation in Australia is primarily […]
Iron Ore Commentary – Thursday, March 14

Iron Ore Commentary – Thursday, March 14

Image Source: Unsplash  Iron Under PressureThe sell-off in iron ore prices is accelerating this week with iron ore futures now down around 7% this week, extending the sell-off from YTD highs which has seen the market dropping around 25%. The main driver behind the move lower has been an uptick in concerns over the health of […]
EURGBP And EURCHF: EURCHF Rises To 0.96289 This Morning

EURGBP And EURCHF: EURCHF Rises To 0.96289 This Morning

EURGBP chart analysisYesterday, EURGBP reached a new weekly high at the 0.85597 level. After that, we stopped there and started retreating. During the Asian trading session, there was a drop below the 0.85500 level. In the EU session, we saw a continuation of support at 0.85350. For now, we are successfully holding above and are […]
Good News And Bad News Thursday: The Good News Is Jobless Claims

Good News And Bad News Thursday: The Good News Is Jobless Claims

This morning brought us both good and bad economic news.The good news was that initial jobless claims continue very low, at 209,000, up 17,000 from last week, while the four week average declined -750 to 208,000. Even better, after major downward revisions, continuing claims rose 17,000 to 1.811 million:Recall that continuing claims had been reported […]
Oil Elliott Wave: Buying The Dips At The Blue Box

Oil Elliott Wave: Buying The Dips At The Blue Box

Hello fellow traders. As our members know , Oil has recently given us good buying opportunity . In this technical article we’re going to look at the Elliott Wave charts of  Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we have been favoring the long […]
Trend Change At Hand

Trend Change At Hand

S&P 500 overpowered the tech weakness for most of the session, and the worries over 30y Treasury auction were overcome as is often the case, dividing the session into two distinct parts. The drop towards the power hour was purely technical, and the current difficult environment though still provided a positive close to the move this […]
Ethereum Consolidates Around $4k After Upgrade

Ethereum Consolidates Around $4k After Upgrade

Ethereum is now oscillating around the psychologically-important $4,000 mark.This pause follows its stunning 73% rise so far this year, having already reached its highest levels since December 2022.However, for proper context, Ethereum remains some 18.5% below its ATH (all-time high) of $4,866.40 posted on 10th November 2021.This pause comes as the Ethereum network – the world’s most commercially successful blockchain – completed […]
Solana Rose To $174.61 While Cardano Rises To A New High

Solana Rose To $174.61 While Cardano Rises To A New High

Solana chart analysisThe price of Solana rose to the $174.61 level, forming a new weekly high there. The prices of the week are in a strong bullish trend supported by the EMA50 and 200 moving averages. Yesterday, the price received the required support at $150.00, after which we continued above the $160.00 level. In the previous hour, […]