Soybeans Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Impulse for (5) Position – Wave 2 of (5) Direction – Wave 3 of (5) Details – Wave 2 of (5) may have been completed and the price is
Last week saw both gold and silver close lower as investors finally responded to the recent strength of the US dollar and reduced Fed rate cut bets amid hot inflation data. This week, we will have plenty of US macro
Copper Breaking OutThe rally in copper prices continues this week with copper futures breaking out to fresh highs for the year across early trading on Monday. The market has been on a tear this year with futures now up around
Ethereum chart analysisOver the weekend we saw a bullish consolidation of Ethereum price from $3069 to $3355 level. On Sunday, the price formed a new high, after which we stopped there and initiated a pullback. Soon, the first bearish impulse was seen
Bullish view Buy the GBP/USD pair and set a take-profit at 1.2545. Add a stop-loss at 1.2450. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2475 and a take-profit at 1.2400. Add a stop-loss at 1.2550. The GBP/USD pair wavered on
Keep in mind that Bitcoin of course, is dealing with a very strong U.S. dollar, but perhaps more than anything else, it is dealing with the excess froth of rallying 92% in six weeks like it did after the announcement of the
In the latter part of last week, tech delivered, helping the major US equity indices rally big. Two issues could make or mar this week. The FOMC meets, and two more tech behemoths report earnings. The FOMC meets this week,
Wild Swings in USDJPYWe’re seeing huge volatility in the Japanese Yen at the start of the week. After hitting fresh multi decade highs of above 160, USDJPY sharply retreated this morning, plunging lower by over 500 pips. The move suggests
It was a good week for the S&P 500 (SPX) jumped almost 2.7% over the previous week. The index closed the fourth week of April 2024 at 5,099.96.There were three main drivers behind the positive change from the preceding week: The
USD/CHF Elliott Wave Analysis Trading Lounge Day Chart,U.S.Dollar/Swiss Franc (USD/CHF)?Day Chart USD/CHF Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive
