Dogecoin Rally To $0.35 Could Trigger Massive Short Squeeze
Dogecoin could be on the cusp of a significant price move that might ignite a powerful short squeeze, according to analyst Ali Martinez (@ali_charts). He pointed out on January 27, via X, that “$766.45 million in short positions will be liquidated if Dogecoin DOGE rebounds to $0.35,” implying that bearish traders stand on precariously thin ice. Massive Dogecoin […]
Daily Market Outlook – Tuesday, Jan. 28
Image Source: Pixabay The widely held narrative of US exceptionalism that drove Wall Street to repeated record highs, thanks to the dominance of America’s unparalleled technology firms, is now facing uncertainty and may not be as indestructible as once believed. The cost-effective AI model from Chinese startup DeepSeek led to a massive loss of nearly $600 […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Tuesday, Jan. 28
USDCHF Elliott Wave Analysis – Trading Lounge U.S. Dollar / Swiss Franc (USDCHF) – Day ChartUSDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave A Position: Navy Blue Wave 2 Next Higher Degree Direction: Orange Wave B Details: Navy Blue Wave 1 appears to be complete, with Orange Wave A of 2 currently in progress. Wave Cancel Invalidation Level: 0.83756 […]
ECB Bank Lending Survey Confirms Sluggish Investment Environment Ahead Of Meeting
Image Source: Pexels The bank lending survey for the fourth quarter was a mixed bag. Credit standards for businesses tightened as concerns about global risks increase, but loan demand is still cautiously expanding. All in all, the moves are too small to expect a meaningful pickup in investment in the months ahead.In the final quarter of […]
GBP/JPY Trades Above 193.50 Near Key Support Zone Within Ascending Channel
GBP/JPY could test the crucial support zone around the 14-day EMA at 193.21, followed by the ascending channel’s lower boundary. The 14-day RSI stays below the 50 level, indicating that bearish momentum is in play. The pair may navigate the region around the upper boundary of the ascending channel at the 195.90 level. GBP/JPY recovers […]
Elliott Wave Technical Analysis: Fortinet Inc. – Tuesday, Jan. 28
FTNT Elliott Wave Analysis Trading LoungeFortinet Inc., (FTNT) Daily ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5 of (3).DIRECTION: Upside in wave 5.DETAILS: We are anticipating further upside into wave 5 of (3). Given the fact wave 3 was shorter than 1 we need to expect a wave 5 shorter than wave 3. The alternative […]
Elliott Wave Technical Analysis: Hang Seng Index – Tuesday, Jan. 28
Hang Seng Index Elliott Wave Analysis – Trading Lounge Day ChartHang Seng Index Elliott Wave Technical AnalysisTechnical Analysis Overview Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Next Higher Degree Direction: Orange Wave 1 (initiated) Details: Navy Blue Wave 2 appears to have completed, with Orange Wave 1 of 3 now in progress. Wave Cancel Invalidation Level: 18,672.39 […]
Metal Markets Report For Monday, Jan 27
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:19More By This Author:SPDR ETF Report For Monday, Jan 27Financial Markets Report For Monday, Jan 27Metal Markets Report For Thursday, Jan 23
Silver Forecast: Stuck In Volatile Range
Image Source: Pixabay You can see that we have in fact gone back and forth during the session here on Monday as chaos reigns around the world. We have a scenario where traders are looking at the rec that we’ve seen happen in the technology sector as deep seek has caused all kinds of chaos. While […]
Gold Price Extends Its Consolidative Price Move On Stronger USD, Trade War Fears
Image Source: Pixabay Gold price struggles to capitalize on the overnight bounce from a multi-day trough. Rebounding US bond yields revive the USD demand and weigh on the XAU/USD pair. Trump’s trade tariffs and Fed rate cut bets could lend support to the precious metal. Gold price (XAU/USD) remains depressed through the early European session on […]
