Aussie dollar lifted as RBA raises rates and says more to come
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By tradinglounge · Posted
ASX: NEWS CORPORATION. – NWSElliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NEWS CORPORATION. – NWS. We see NWS.ASX continuing to push higher with wave (5)-orange. ASX: NEWS CORPORATION. – NWS1D Chart (Semilog Scale) Analysis Function: Major trend (Intermediate degree, Orange) Mode: Motive Structure: Impulse Position: Wave (5)-orange Details: Wave (4)-ornage has ended as an Expanded Flat, and since the low at 39.89 wave (5)-orange is unfolding to push higher, towards the next targets like 47.00 - 48.00 - 50.00. Invalidation point: 39.89 ASX: NEWS CORPORATION. – NWS 4-Hour Chart Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave ((iv))-navy of Wave 3-grey Details: Since the low at 39.89, wave (5)-orange is unfolding towards higher targets like 47.00 - 48.00 - 50.00. It is subdividing into wave 1-grey to wave 3-grey itself, again wave 3-grey is an Extension, and it is subdividing into the nearest wave ((iv))-navy, basically it needs a bit more time, and after it completes wave ((v))-navy will push higher and simultaneously complete the entire wave 3-grey, which suggests that a pullback lower with wave 4-grey is needed, and finally wave 5-grey will return to its trajectory. Invalidation point: 42.63 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: NEWS CORPORATION. – NWS aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here! Tag: #NWS #ElliottWave #TradingLounge #ASX #ASXStocks #Stocks -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge XRP/ U.S. dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid level: Details: Wave II is likely to be completed and the price will likely rise in wave III. XRP/ U.S. dollar(XRPUSD)Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend. XRP/ U.S. dollar(XRPUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. XRP/ U.S. dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid level: Details: Wave II is likely to be completed and the price will likely rise in wave III. XRP/ U.S. dollar(XRPUSD)Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend. XRP/ U.S. dollar(XRPUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
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