The EUR/USD exchange rate has remained in a consolidation phase in the past few days. Bearish view Sell the EUR/USD pair and set a take-profit at 1.0500. Add a stop-loss at 1.0650. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0610 and
October 30, 2023
Oil Drops Despite Middle East ConflictOil prices are coming under pressure across early trading on Monday, despite an intensification of the Israel-Hamas war. Israel stepped up its advances into Gaza over the weekend with increased land and air campaigns. However,
The USD/JPY outlook for Monday hinted at a modestly bullish trend, with the dollar standing strong and holding the yen near the 150 mark. Meanwhile, all eyes were on the Bank of Japan’s policy announcement. The dollar index held steady as
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Silver (XAGUSD) published in members area of the website. As our members know Silver has recently made pull back that has unfolded
Bitcoin’s momentum continued over the last seven days, with the asset currently trading at around $34,200, a gain of more than 10% in a week.Bitcoin’s price hasn’t been this strong since May 2022, when it was on its way down from
Hello Crypto traders! Crypto market is finally recovering and we have been talking a lot about a corrective movement and strong supports. On August 22 we shared an article about Ethereum with ticker ETHUSD, where we were tracking final wave
Geopolitical Risks Fuel The Rally Of Gold And Oil. Traders Are Waiting For The Bank Of Japan Meeting
Photo by Adam ?migielski on UnsplashAt Friday’s close, the Dow Jones Index (US30) decreased by 1.12% (-2.21% for the week), while the S&P 500 Index (US500) lost 0.48% (-2.21% for the week). The NASDAQ Technology Index (US100) closed positive by 0.38% on Friday (-2.23% for the week). Technology stocks
Cryptocurrencies recorded a significant upside last week, with Bitcoin leading the upsurge as it spiked to $35,000. While the lull that followed has BTC poised above $34.4k, a popular crypto investor is earmarking four altcoins for potential moves this week.According to The
Anyone interested in money should check out JP Koning’s excellent blog. In a post discussing the ECB’s decision to stop producing 500-euro banknotes, Koning made this claim: This highlights an important point that I often mention on this blog. One of
USDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, 30 October 23U.S.Dollar/Japanese Yen (USDJPY) 4 Hour ChartUSDJPY Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure:subwaves of new trend Position: new black wave 1Direction Next lower Degrees:black wave 1 started Details: red wave
