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Elliott Wave Technical Analysis: AUDUSD – Tuesday, March 12

Elliott Wave Technical Analysis: AUDUSD – Tuesday, March 12

Image Source: PixabayAUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 12 March 24  Australian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFUNCTION: Trend      MODE: impulsive      STRUCTURE:red wave 3        POSITION: blue wave 1      DIRECTION NEXT LOWER DEGREES:red wave 4      DETAILS:red wave 2  looking completed at  0.64766 […]
SPDR ETF Report For Monday, March 11

SPDR ETF Report For Monday, March 11

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Monday, March 11.Video Length: 00:13:02More By This Author:Metals Report For Monday, March 11Financial Markets Report For Monday, March 11Metals Report For Friday, March 8
GBPJPY Should Resuming To The Upside After A Corrective Pause

GBPJPY Should Resuming To The Upside After A Corrective Pause

Image Source: UnsplashGBPJPY has ended a cycle from 14.12.2023 low. Up from 14.12.2024 low, wave (1) ended at 191.32 and pullback in wave (2) is in progress. The pair resumes lower in wave ((i)) with internal subdivision as 5 waves. Down from wave (1), wave (i) ended at 190.34 and wave (ii) pullback ended at 190.99. […]
Poland To Opt For A Gradual Adjustment In Retail Electricity Prices From Mid-2024

Poland To Opt For A Gradual Adjustment In Retail Electricity Prices From Mid-2024

Image source: PixabayPoland’s electricity prices to households remains frozen until mid-2024. A hike of about 15% is pending from July, but – thanks to favourable energy market developments – further hikes in 2025 may be spared. This will affect the inflation paths for this year and next, and may open space for interest rates cuts by the […]
Elliott Wave Technical Analysis: LINKUSD – Tuesday, March 12

Elliott Wave Technical Analysis: LINKUSD – Tuesday, March 12

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 12 March 24,Chainlink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave VDirection Next higher Degrees: Wave (I) of ImpulseWave Cancel invalid Level: 8.498Details: It is likely to increase further as Wave 5 continues to expand.Chainlink/ U.S. dollar(LINKUSD)Trading Strategy:Chainlink continues to trend higher from the 5th […]
Non-Junk Alt-Coins

Non-Junk Alt-Coins

Image Source: UnsplashAfter trying to beat $70k and repeatedly failing, Bitcoin finally did the deed over the weekend and is now very safely into seventy-k territory. It has moved hundreds of percent higher over the past couple of years, and the question now is when the sellers will overwhelm the buyers. That’s the trick about lifetime highs: it’s […]
How History Informs Us About Gold’s Breakout Potential

How History Informs Us About Gold’s Breakout Potential

Image Source: UnsplashGold has broken out from a 13-year cup & handle pattern. In this video we highlight past historical breakouts and the performance that followed.These breakouts include the stock market in 1982, Hong Kong in 1986, Gold Stocks in late 1964, Oil in 2004 and Copper in 2004.Video Length: 00:10:07More By This Author:Best Buying Opportunity […]
Metals Report For Monday, March 11

Metals Report For Monday, March 11

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:11More By This Author:Financial Markets Report For Monday, March 11 Metals Report For Friday, March 8 Financial Markets Report For Friday, March 8
EUR/USD Inches Higher To Near 1.0930, Focus On US Inflation Data

EUR/USD Inches Higher To Near 1.0930, Focus On US Inflation Data

Image Source: Pixabay EUR/USD rebounds on Tuesday after registering losses in the previous sessions. CME FedWatch Tool suggests a 55.2% probability of a 25 bps rate cut for June. The market expects German inflation to be unchanged in February. EUR/USD has bounced back following two consecutive days of losses, making gains and approaching the 1.0930 mark […]
USDCHF Tumbles: Downtrend In Control Or Chance For Reversal?

USDCHF Tumbles: Downtrend In Control Or Chance For Reversal?

Image Source: PixabayUSDCHF has displayed a bearish move, breaking below a key support level and continuing its decline within a defined channel. This analysis examines the technical outlook and explores potential scenarios for the currency pair.Downward Momentum Persists: Support Breach: USDCHF decisively fell below the 0.8742 support level. This technical break suggests a strengthening downtrend that originated from 0.8892. […]