Author: FX
ASX: CAR Elliott Wave technical analysis Today’s Elliott Wave review covers CAR GROUP LIMITED (ASX:CAR), listed on the Australian Stock Exchange. Based on our current chart patterns, it appears that the stock has recently completed a corrective wave labeled (4) – orange, in the form of a Zigzag pattern. This may indicate an upward trend could follow, opening up potential for bullish movement. This brief technical outlook outlines the forecasted direction and the critical price points that support this wave structure. One-day chart (semilog scale) review Function: Intermediate trend (orange label). Mode: Motive. Structure: Impulse. Current wave position: Wave iii)) – navy, within Wave (5) –…
The RBA is widely expected to cut rates by 25bps this week but markets might be underestimating the possibility of a bullish move despite a rate cut. Our Event Guide for RBA’s May Policy Decision points out that April’s employment data showed an impressive 89K jobs created versus 20.9K forecast, while wage growth accelerated to 3.4% annually, potentially making policymakers cautious about easing too quickly. This week, we’re checking out AUD/CAD and AUD/CHF possibly extending their uptrends if RBA’s event turns out less dovish than market had expected: This Article Is For Premium Members Only Become a Premium member…
The RBA is widely expected to cut rates in this week’s decision, but what if they announce a larger than expected 0.50% reduction? Our Event Guide for the May RBA Statement also suggests that policymakers could hint at additional easing in their next meetings, possibly dragging AUD further south. Here’s what I’m watching on AUD/JPY and GBP/AUD if this happens. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The Awesome OC MT4 Indicator is a standout tool in the world of forex trading. Traders often face the challenge of sifting through complex data and numerous indicators to make the right decisions. This process can be overwhelming, and without the right tools, traders risk missing critical market opportunities. The Awesome OC MT4 Indicator simplifies this process by offering clear and reliable signals that can enhance trading strategies. Whether you’re new to forex or a seasoned trader, this indicator can provide the edge you need to make more informed decisions in the fast-paced world of trading. Understanding the Awesome OC…
Trump tax bill passes in key US House committee vote Source link
This week our currency strategists focused on Australia’s Employment Report (April 2025) for potential high-quality setups. Out of the four scenario/price outlook discussions this week, the GBP/AUD discussion saw both fundie & technical arguments triggered to become a potential candidate for a trade & risk management overlay. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, you can subscribe…
Bank of Japan Deputy Governor Uchida:more to come will keep raising interestt rates if economy, prices improve in line with our forecast This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Breaking $135 opens the door to $163–$174 amid AI data-centre demand and institutional flows. Highlights NVDA cleared the 131.42–134.48 demand zone and closed at 135.32 on May 16. Volume-profile POC (115.43–126.48) now acts as strong support; VWAP remains bullish. Near-term targets: 139.42 (VAH), 142.47, then all-time high 153.13. Pullback entry zone: 131.42–134.48; stop-loss below 131.42 (or 126.48 for wider buffer). Key catalysts: May 28 Q1 earnings, AI data-centre capex updates, China export regulations. Technical Analysis Price Structure & Channels NVDA has re-entered its medium-term bullish channel after reclaiming 126.00, rallying from 102.50 to 135.32 in six weeks. Higher highs and…
Nicole Kidman champions gender equality at star-studded Cannes party Source link
Weekend – Bloomberg reporting that Binance and Kraken are said to have been targets of Coinbase-like hack attacks.The firms appear to have lost some customer data in the attacks. Reports are conflicting, though, with other reports noting that both platforms repelled the attacks ensuring no customer data was lost,BTC update, hourly candles: Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and traders alike. Source link