Author: FX
Let’s finish our recap of the year for gold by breaking down the solid uptrend then consolidation in the precious metal between June and December. Once again, gold is the king reserve asset for many and tends to react to all kinds of themes and catalysts. It’s also a super liquid trading asset so it’s always one to watch for fresh short and long-term opportunities. Use this review in conjunction with your trading journal review to help improve your understanding of what drives gold prices to ultimately improve the skills needed to better anticipate future moves! This Article…
For those new to our Elliott Wave-based analyses and as a reminder to our regular readers, we have been tracking an ending diagonal (ED) pattern for the NASDAQ100 (NDX) for over a month. In our previous update, we found that “the index has advanced to the minimal upside target [123.60% @ NDX21509] for the third wave extension within an ending diagonal pattern. However, while the downside risk is thus currently increasing and appropriate actions should be taken, e.g., raise stops and take partial profits, until we see at least a break below NDX21200, we can still allow for higher prices…
RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher. RGTI 15 Min Chart 12.11.2024 In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the…
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had recently. One of them is NFLX, which made a pullback that concluded right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup. NFLX H1 update 12.18.2024 Netflix stock is currently in a wave 4red pullback, unfolding as 3 waves ((a))((b))((c)) pattern. The stock should ideally see an…
By Laura Matthews NEW YORK (Reuters) -After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The rose over 24% in 2024 through the early afternoon of Dec. 27, while the technology-heavy Nasdaq Composite index (), which surpassed 20,000 for the first time in December, is up 30.5%. On Friday, however, stocks sold off amid thin trading volumes, some profit taking and questions about how markets could perform in January, according to analysts and…
CFD broker Investizo has announced an improvement in trading conditions: now the company’s clients can trade cryptocurrencies with 1:200 leverage. This is one of the first offerings of its kind in the industry.The updated leverage is available for more than 30 popular cryptocurrency pairs such as BTCUSDT, ETHUSDT, LTCUSDT, XRPUSDT and others. This offering aims to empower traders. It enables them to make the most of the high volatility of the cryptocurrency market and apply a wider range of trading strategies.In September this year, Investizo made significant changes to its trading conditions. At that time, the company announced an increase…
DXY trades near 107.90 on Friday on a tight range. Trading desks remain short-staffed contributing to a muted trading. Holiday momentum keeps Dollar elevated as 2025 comes to an end. The US Dollar Index, which measures the value of the USD against a basket of currencies, is trading within a very tight range on Friday, holding near 108.00 mark. Markets remain cautious, and thin year-end trading conditions limit volatility. Incoming data from Japan and China hinted at further industrial slowdown, but the Greenback’s buoyancy persists. Despite profit-taking after last week’s gains, the US Dollar continues its climb as traders return…
The Canadian Dollar tested back into recent lows and struggled to find gains. Canada’s economic data docket remains incredibly thin in the near term. Policy rate divergence is set to be the Loonie’s primary driver heading into 2025. The Canadian Dollar (CAD) continued its soft stance on Friday, easing into familiar near-term lows and shedding one-quarter of one percent against the US Dollar. The Loonie is entering a lull period with functionally no releases on the data docket in the immediate future, leaving CAD traders to battle it out near multi-year lows. Following the midweek market closure for the Christmas…
The USDJPY moved lower in the US session but after getting within 11 pips of the rising 100 hour MA. THe price has since bounced back to 157.84 currently as the buyers remain in firm control. THe last time the price tested the 100 hour MA was back on December 17 adn Deceember 18 before the FOMC rate decision. That decision helped to subsequently push the price higher . Yesterday a new high going back to July 17 was reached. The price also moved into a swing area on the daily chart between 157.66 and 158.86. The area is wide…
The European major indices are closing higher on the day. That runs counter to the moves seen in the US stock indices which are down sharply as money rebalances out of US and into Europe (at least today).The final numbers are showing: German DAX, +0.68%France’s CAC, +1.0%UK’s FTSE 100, +0.16%Spain’s Ibex, +0.5%Italy’s FTSE MIBFor the trading year with two more days left in the year:German DAX, +19.3%France’s CAC, -2.49%UK’s FTSE 100, +5.39%Spain’s Ibex, +14.1%Italy’s FTSE MIB, +12.55%Meanwhile, the US major indices are getting hammered with the NASDAQ index down -2.22% real away Dow industrial average -1.23%S&P index -1.65%NASDAQ index -2.22%Russell…