Jump to content

Markets Digest the Possibility of a Fed Pause and BoE Hikes 25 bps


Recommended Posts

Markets Digest the Possibility of a Fed Pause and BoE Hikes 25 bps. The Thursday  Market Outlook with Richard Snow gives a report on the latest changes in the financial markets, providing timely fundamental, economic and technical analysis and a close examination of promising chart formations with live currency quotes which you can look forward to.
 

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • USDCAD Elliott Wave Analysis - Trading Lounge U.S. Dollar / Canadian Dollar (USDCAD) – Day Chart Analysis USDCAD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy blue wave 2 Position: Gray wave 1 Next Higher Degree Direction: Navy blue wave 3 Details: Navy blue wave 1 appears to have completed, and now navy blue wave 2 is currently active. Wave Cancel Invalid Level: 1.34189 Analysis Summary The daily Elliott Wave analysis for the USD/CAD currency pair suggests a counter-trend corrective structure centered on navy blue wave 2. This setup indicates a possible short-term consolidation phase. After the completion of navy blue wave 1, the market has transitioned into this corrective navy blue wave 2, signaling a retracement within the larger trend. This stage often includes pullbacks or consolidation periods, allowing the price to stabilize before potentially continuing in the primary trend direction. Current Position Currently, USDCAD resides within gray wave 1, marking the initial phase of navy blue wave 2. The analysis points to the corrective phase potentially leading to temporary sideways or downward movement. Upon completing navy blue wave 2, the price is expected to shift upward into navy blue wave 3, aligning with the broader bullish trend. Key Level – Wave Cancel Invalid Level The invalidation level for this wave pattern is set at 1.34189. Should the price drop below this level, it would invalidate the current wave structure, hinting at a potential trend shift or an extended corrective phase. Maintaining a price above this level, however, supports the current Elliott Wave configuration and suggests that navy blue wave 2 will likely complete, setting the stage for an upward move into navy blue wave 3. This analysis highlights USDCAD in a counter-trend phase, with navy blue wave 2 active. If the price holds above the 1.34189 level, the corrective structure is anticipated to end, likely paving the way for a continuation of the primary bullish trend into navy blue wave 3.   U.S. Dollar / Canadian Dollar (USDCAD) – 4-Hour Chart Analysis USDCAD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy blue wave 2 Position: Gray wave 1 Next Higher Degree Direction: Navy blue wave 3 Details: Navy blue wave 1 appears complete, with navy blue wave 2 currently in progress. Wave Cancel Invalid Level: 1.34189 Analysis Summary The 4-hour Elliott Wave analysis for USDCAD identifies a counter-trend corrective structure focused on navy blue wave 2. This movement comes after the completion of navy blue wave 1, signaling that the market has entered a retracement phase. Currently positioned within gray wave 1, the chart shows temporary consolidation consistent with a counter-trend move. Current Structure During this corrective phase, navy blue wave 2 is likely progressing, which allows for short-term price adjustments before potentially resuming the main upward trend toward navy blue wave 3. According to Elliott Wave theory, corrective waves such as navy blue wave 2 typically represent a pause or retracement, helping to reset momentum for the upcoming trend phase. This wave’s corrective nature may suggest a brief consolidation, leading to a potential opportunity for an upward move in alignment with the primary bullish trend. Key Level – Wave Cancel Invalid Level The invalidation level for the wave pattern is marked at 1.34189. Should the price drop below this level, it would invalidate the current wave structure, implying a potential shift in the anticipated wave pattern. However, maintaining price action above this level supports the integrity of the corrective pattern and suggests that navy blue wave 2 will conclude, paving the way for continuation into navy blue wave 3. This invalidation threshold is crucial for confirming the forecasted wave structure, offering a key reference for analyzing potential price movements within this timeframe. In summary, the analysis indicates that navy blue wave 2 currently represents a retracement phase within a larger upward trend for USDCAD. If the price remains above the invalidation level of 1.34189, the expectation is that this corrective phase will conclude, leading to renewed upward momentum in line with the overall trend toward navy blue wave 3. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • 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  
    • 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!  
×
×
  • Create New...
us