Elliott Wave Technical Analysis: DAX Index
DAX (Germany) Elliott Wave Analysis – Trading Lounge Day ChartDAX (Germany) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Lower Degrees: Gray Wave 4 Details: The analysis indicates that gray wave 2 is likely completed, with gray wave 3 now in progress.Wave Cancel Invalidation Level: 18,807.92Analysis Overview:The DAX Germany daily chart demonstrates […]
Metal Markets Report For Wednesday, Dec 11
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:30More By This Author:SPDR ETF Report For Wednesday, Dec 11Financial Markets Report For Wednesday, Dec 11SPDR ETF Report For Tuesday, Dec 10
XAG/USD Bulls Retain Control Above $32.00, Over One-Month High
Image Source: Pixabay Silver attracts some buyers on Thursday and remains closer to over a one-month top. The technical setup favors bullish traders and supports prospects for additional gains. Any corrective pullback could be seen as a buying opportunity and remain limited. Silver (XAG/USD) trades with a positive bias above the $32.00 mark during the Asian session […]
Oil Market Set To Be In Surplus Despite OPEC+ Action
Photo by Timothy Newman on Unsplash 2025 oil surplus Oil prices have come under a fair amount of pressure this year, with the market worried about demand and the surplus outlook for 2025. Even after a handful of OPEC+ members decided to further delay the return of 2.2m b/d of additional voluntary cuts, our balance is still showing […]
SPDR ETF Report For Wednesday, Dec 11
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Wednesday, December 11.Video Length: 00:13:04More By This Author:Financial Markets Report For Wednesday, Dec 11SPDR ETF Report For Tuesday, Dec 10Financial Markets Report For Tuesday, Dec 10
Elliott Wave Technical Analysis: Monero Crypto Price News For Thursday, Dec 12
Image Source: Pixabay Elliott Wave Analysis TradingLounge Daily ChartMonero/ U.S. dollar(XMRUSD)XMRUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: Wave I of ImpulseWave Cancel invalid Level:Details: the Increase wave ((3)). Monero/ U.S. dollar(XMRUSD)Trading Strategy: The wave 3 rally is likely to test the 291.857 level. So look for a consolidation opportunity from a […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Dec 12
Image Source: DepositPhotosToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:04:07More By This Author:Gold Trading Strategy Today – Wednesday, Dec. […]
GBP/USD Rebounds From 1.2750 As US Dollar Declines Due To Rising Odds Of A Fed Rate Cut
Photo by Colin Watts on Unsplash GBP/USD appreciates as the US Dollar corrects downwards due to the increased likelihood of a Fed rate cut in December. Traders await Thursday’s US Producer Price Index data for November to gain fresh impetus. UK RICS Housing Price Balance rose 25% in November, up from a 16% increase in October. GBP/USD recovers […]
WTI Edges Higher To Near $70.00 On China Stimulus, New EU Sanctions Against Russia
Image Source: Pixabay WTI extends its upside to $69.95 in Thursday’s early European session. A possible tightening of US sanctions on Russian oil and further China stimulus measures lift the WTI price. OPEC cuts demand growth outlook for 2024-2025 for five months in a row. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around […]
Nasdaq Up Big, Dow Down A Bit, Following CPI, Budget Data
Image Source: PexelsMarkets posted mixed results this Hump Day, with the blue-chip Dow unable to hold onto its gains at the open. It was the only index in the top 4 to spend any time in the red today. The Nasdaq performed great: +347 points, +1.77%, while the S&P 500 and small-cap Russell 2000 split the […]
