Dollar edges higher before U.S. jobs report as omicron variant fears ease
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10/06/21 10:53
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By tradinglounge · Posted
Pinduoduo Inc., Elliott Wave Technical Analysis Pinduoduo Inc., (PDD:NASDAQ): Daily Chart, 31 March 23, PDD Stock Market Analysis: We are looking at a potential nest within wave (3). It is difficult to see this move as corrective, for a bearish alternate, therefore we can look for longs as long as we see a clear three wave move to the downside, which is what are seeing now. PDD Elliott Wave Count: Wave {c} of 2 PDD Technical Indicators: 200EMA as support. PDD Trading Strategy: Looking for upside into wave 3. TradingLounge Analyst: Alessio Barretta Pinduoduo Inc., PDD: 4-hour Chart, 31 March 23, Pinduoduo Inc., Elliott Wave Technical Analysis PDD Stock Market Analysis: We have reacted off equality of {c} vs. {a}. We are lookin for a clear five wave move into wave (i) to then look for longs. PDD Elliott Wave count: Wave (i) of {iii}. PDD Technical Indicators: Below all averages. PDD Trading Strategy: Looking for longs. -
The end of Q1 is upon us, and while it has been choppy, stocks are generally looking at a second consecutive quarter of gains. That they have managed this despite bank failures and continued interest rate hikes provides an interesting counterpart to the 'doom and gloom' commentary that is so much in evidence now. The impressive recovery from the lows of the past two weeks suggests that, for now at least, investors are likely to keep allocating funds back into equities, while an absence of further bank crises would help maintain a more positive atmosphere. Eurozone CPI and US PCE prices mean that the focus is still on inflation for the final day of the quarter, and after yesterday's drop in Spanish inflation hopes will be high that perhaps other signs of weakening price growth will be seen. -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 31 March 23, Binance /U.S.dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Motive Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 568.8 Wave Cancel invalid level: 220 Binance /U.S.dollar(BNBUSD)Trading Strategy: BNB is recovering well. And we expect wave ((2)) to end at the level of 265.0. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the 568.8 level. Binance /U.S.dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Elliott Wave Analysis TradingLounge 4H Chart, 31 March 23, Binance /U.S.dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Motive Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 446.4 Wave Cancel invalid level: 265.0 Binance /U.S.dollar(BNBUSD)Trading Strategy: BNB is recovering well. And we expect wave ((2)) to end at the level of 305.9. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the 425.4 level. Binance /U.S.dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish.
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