Elliott Wave Technical Analysis – Analog Devices Inc.
ADI Elliott Wave Analysis Trading LoungeAnalog Devices Inc., (ADI) Daily ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {ii} of 1.DIRECTION: Upside into wave {iii}.DETAILS: Looking for a bottom in wave {ii} to then continue higher as we are currently trading within the range of Minor Group1 at 210-230$.Analog Devices Inc., (ADI) 1H ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: […]
China’s Banking System Is Melting Down All At Once
Image Source: Pexels Here comes Chinese central bank bond buying, but this is no QE. A report surfaced in China Daily strongly implying the Chinese government is beyond just exploring something called money-financed fiscal expansion. We’ll go over what that is, how it is different from QE, and what the real takeaway is.Video Length: 00:19:48More By […]
NZD/USD Price Forecast: Reversal Setup On Chart But Will Unlikely Set Off
NZD/USD surrenders daily gains as the US Dollar rebounds despite dovish Fed bets. The Kiwi pair exhibits a Bullish Divergence formation but will less likely get triggered. The RBNZ has reduced its interest rates by 125 bps to 4.25% this year. The NZD/USD pair gives up its intraday gains and returns below the round-level figure […]
Bitcoin Price Reclaims $100K: Is The Bull Run Back On?
Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone. Bitcoin started a fresh increase above the $97,500 zone. The price is trading above $98,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with […]
Understanding The Anger Over Healthcare In One Picture
Healthcare costs have soared. Obamacare failed to live up to its promises. And my lead image dramatically understates the problems with costs.Data from the BLS, chart by Mish Changes Since 1983 CPI: 208 percent Medical Care Services: 505 percent Hospital Services: 975 percent Medical Care Commodities: 308 Percent Changes Since Obamacare Started CPI: 41.28 percent […]
USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone
The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy meeting, where policymakers struck a slightly cautious tone. Meanwhile, the dollar was fragile as US inflation figures supported bets for a December Fed rate cut. The Bank of Canada cut rates by 50-bps on Wednesday but shifted to a more hawkish tone that […]
Crude Oil Jumps Back Above $70 As US Inventories Fall To Lowest Level
Oil prices increase for a fourth straight day this week. The EIA report on Wednesday revealed Cushing Crude Supply fell to a seven-year low. The US Dollar Index trades lower as the focus shifts to the European Central Bank interest-rate decision. Crude Oil trades higher for a fourth consecutive day on Thursday, jumping to $70, […]
EUR/USD Forex Signal: Drops Before ECB Decision
Bearish view Sell the EUR/USD pair and a take-profit at 1.0400. Add a stop-loss at 1.0600. Timeline: 1-2 days. Bullish view Buy the EUR/USD pair and set a take-profit at 1.0600. Add a stop-loss at 1.0400. The EUR/USD exchange rate retreated for four consecutive days after the US published strong consumer price index (CPI) data. It also […]
AUD/USD Forecast: Aussie Jumps As Jobs Data Surprises
The AUD/USD forecast made a sharp bullish turn on Thursday after a surprise jump in Australia’s employment. Meanwhile, the greenback dropped after inflation figures met expectations, raising the likelihood of a December Fed rate cut. Data on Thursday revealed that job growth in Australia surged in November. The economy added 35,600 jobs compared to estimates of […]
BTC/USD Forex Signal: Eyes $106K Amid Recovery
Bullish view Buy the BTC/USD pair and set a take-profit at 106,000. Add a stop-loss at 97,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 99,000 and a take-profit at 95,000. Add a stop-loss at 104,000. The BTC/USD pair staged a strong recovery after consolidating in the past few days. It rose to 100,500, a big […]
