Bullish or Bogus? Pepe Coin's Price Takes a Wild Ride
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Several Asian stock markets fell on Thursday as investors digested signals from major central banks that they may take a patient approach to monetary easing amid persistent inflation concerns. Geopolitical tensions were also a factor, with China conducting military drills around Taiwan after the new Taiwanese president took office. Chinese and Hong Kong stocks declined, while broader Asian indexes like the MSCI Asia-Pacific index outside Japan also edged lower. More hawkish minutes from the Fed, hot UK inflation data, and comments from the New Zealand central bank have caused investors to scale back expectations for the pace and scale of global rate cuts this year. This policy uncertainty from central banks is weighing on markets. However, US futures got a boost after Nvidia's strong earnings forecast, with the Nasdaq 100 reaching a fresh record high. Gold and oil prices slipped on prospects of higher interest rates for longer. Today's session is dominated by the procession of flash PMIs from the eurozone, the UK and the US. -
By tradinglounge · Posted
NVDA Elliott Wave Analysis Trading Lounge Daily Chart, NVIDIA Corp., (NVDA) Daily Chart NVDA Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute {v}. DIRECTION: Upside in {v} of 1. DETAILS: Equality of {v} vs. {i} stands at 972$, looking for resistance on top of TL1 at 1000$. NVDA Elliott Wave Analysis Trading Lounge 4Hr Chart, NVIDIA Corp., (NVDA) 4Hr Chart NVDA Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (v) of {v}. DIRECTION: Upside in (v) DETAILS: We seem to be bullish corrective, meaning we should expect further upside. I would start expecting some resistance on the next move up in potential wave (v). Welcome to our latest Elliott Wave analysis for NVIDIA Corp. (NVDA). This analysis provides a comprehensive look at NVDA's price movements using the Elliott Wave Theory, highlighting potential trading opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a well-rounded perspective on NVDA's market behavior. * NVDA Elliott Wave Technical Analysis – Daily Chart* In our Elliott Wave analysis of NVIDIA Corp. (NVDA), we observe a strong upward trend characterized by an impulsive structure. NVDA is currently positioned in Minute wave {v} of 1, indicating a continued bullish movement. We are targeting an upside move where the equality of {v} vs. {i} stands at $972, with resistance anticipated at Trading Level 1 (TL1) around $1000. Traders should be mindful of potential resistance at this level, which could signal a temporary pause or correction. * NVDA Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, NVDA is also following an impulsive mode within a motive structure, specifically in wave (v) of {v}. The current analysis suggests a bullish corrective move, implying further upside potential. As NVDA progresses, we anticipate some resistance on the next upward move in wave (v). This resistance could offer strategic entry points for long positions or opportunities to manage existing trades effectively. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
Dear @tintin, Thank you for you are correct in your first paragraph. Please take note of the following: - On the manual settings, any AUD you deposit will remain AUD, you will have to convert the funds to USD from the settings once they are in your account. You can do this from Live accounts > Currency conversion or you can ask our payment operations team to do it on your behalf. - On the manual settings, the funds will not be converted but will remain in USD in your account. - Manual settings allow you to hold multiple currencies, you can choose to have some of your AUD deposited converted to USD so that they will be used for all USD trades. You can do this on live accounts > currency conversion as mentioned above. Thanks, KoketsoIG
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