Australian Dollar Technical Forecast: AUD/USD, AUD/JPY Rally at Risk
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10/06/21 10:53
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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: Europe expected mixed after gains yesterday on a rebound in DBK. Wall St mainly up although NDAQ saw a drop. Asia mixed HSI best performer as China mkts rebounded FX: AUD climbed or held recent gains as retail sales came in marginally better than forecast, but economists now expecting a pause in Aussie rates next time. USD down for a second day Equities: Earnings – OCDO BWY WG WGBA MU Commods: NY Cocoa at 3yr highs on tight supplies. Gold little moved. Oil holding yesterday’s marked gains -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 28 March 23, TRON /U.S.dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Impulse Wave Cancel invalid Level: 0.045 Details: Wave II is likely to end at the level of 0.055 and a five-wave rise from this level will confirm it. TRON /U.S.dollar(TRXUSD)Trading Strategy: Although a sharp drop has yet to break the price structure in an uptrend, TRON is once again standing above MA200. May lead to the 1.618 level of wave I at 0.10586. TRON /U.S.dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators below Zero-Line momentum are Bearish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 28 March 23, TRON /U.S.dollar(TRXUSD) Tuesday 28 March 23 TRXUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave III of Impulse Wave Cancel invalid Level: 0.045 Details: Wave II is likely to end at the level of 0.05688 and a five-wave rise from this level will confirm it. TRON /U.S.dollar(TRXUSD)Trading Strategy: Although a sharp drop has yet to break the price structure in an uptrend, TRON is once again standing above MA200. May lead to the 1.618 level of wave I at 0.10586. TRON /U.S.dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators below Zero-Line momentum are Bearish. -
By tradinglounge · Posted
Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES Stock Market Summary: Even though the markets can move higher, our focus is on the short trade setups. The tech stocks that have been leading higher can now be at risk of turning lower and of course this will bring the general market lower. Elliott Wave SP500 resistance 4000 Nasdaq 13000. The markets can move above these numbers, but it doesn’t mean support, or a bullish trend, patience and time is our solution to getting the timing right. Trading Strategies: Short new lows. Video Chapters 00:00 S&P 500 23:03 NASDAQ (NDX) 26:22 Russell 2000 (RUT) 31:34 Dow Jones (DJI) 35:11 thanks for supporting Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com Level Up - Test the Trial Service!
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