AUD/USD Forex Signal: Aussie Crash To Continue As Inflation Falls
Bearish view Sell the AUD/USD pair and set a take-profit 0.6130. Add a stop-loss at 0.6350. Timeline: 1-2 days. Bullish view Buy the AUD/USD pair and set a take-profit at 0.6350. Add a stop-loss at 0.6130. The AUD/USD exchange rate dropped sharply as odds of interest rate cuts by the Reserve Bank of Australia (RBA) […]
Elliott Wave Technical Analysis: PayPal Holdings Inc. – Thursday, Jan. 30
PYPL Elliott Wave Analysis TradingLoungePayPal Holdings Inc., (PYPL) Daily ChartPYPL Elliott Wave Technical AnalysisFUNCTION: TrendMODE: CorrectiveSTRUCTURE: ImpulsivePOSITION: Wave {iii} of C.DIRECTION: Upside in wave {iii}.DETAILS: We ae looking at further upside within Minute wave {iii} as we seem to keep unfolding higher towards TradingLevel1 at 100$ where we expect a larger pullback, potential in wave {iv}.PayPal Holdings […]
ETH/USD Forecast: Holds $3000 Support
Ethereum has rallied a little bit during the early hours on Wednesday, as it looks like we are trying to hang on to the same support region that we have been watching for some time. That being said, this is a somewhat ominous looking chart, but it also is interesting that we could see the […]
Market Analysis – Thursday, Jan. 30
NDX futures made an overnight high of 21588.20, challenging the Intermediate support at 21408.77, where a sell signal may be made. NDX still maintains the long-term trend, but is being subject to increasing volatility and inability to make new highs. NVDA closed beneath the 200-day Moving Average, hardly a performance worthy of the Mag-7.SPX futures rose to 6071.70 […]
EUR/USD Stable As The Market Absorbs Fed Decision And Awaits ECB Meeting
Image Source: Pixabay The EUR/USD pair is consolidating around 1.0426 on Thursday as investors digest the Federal Reserve’s latest policy decision and shift their focus to the upcoming European Central Bank (ECB) meeting. Key market influencesAs widely expected, the Federal Reserve held its interest rate steady at 4.5% per annum. In its commentary, the central bank […]
Index Mania: On Top Of The World
Karen Carpenter was one the greatest singers of my lifetime. One of her biggest hits was called, “Top of the World.” The key line of the song says, “I’m on top of the world looking down on creation and the only explanation I can find, is the love that I’ve found ever since you’ve been […]
Silver Forecast: Silver Struggles At $31 Resistance, Stuck In A Range
The $31 level being a large round psychologically significant figure comes into the picture, but it’s also an area where we’ve seen a lot of noise in the past. If we can break above that level, then the market is likely to go looking at the $32.35 level. This is an area that has been […]
The US Fed Took A Pause On Interest Rate Cuts
Image Source: Pexels At the end of Wednesday, the Dow Jones Index (US30) decreased by 0.31%. The S&P 500 Index (US500) was down 0.47%. The Nasdaq Technology Index (US100) fell by 0.51%.The US Federal Reserve kept the federal funds rate at 4.25%-4.5% at its January 2025 meeting, in line with expectations. The Central Bank halted its […]
Dogecoin Signals New Upside Move: Can Bulls Take Charge? Another Decline In DOGE?
Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break […]
Daily Market Outlook – Thursday, Jan. 30
Image Source: Pixabay Futures for European and US markets rose, paralleling gains in Asian shares as traders looked forward to the ECB’s interest rate announcement. Euro Stoxx 50 contracts saw a 0.2% increase, while S&P 500 contracts climbed by 0.4%. These movements reflected a slight uptick in Asian stock markets, which pushed a regional index up […]
