U.S. Dollar/Swiss Franc (USDCHF) Forex Elliott Wave Technical Analysis
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By tradinglounge · Posted
GOOGL Elliott Wave Analysis Trading Lounge Daily Chart, Alphabet Inc., (GOOGL) Daily Chart GOOGL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 3 DIRECTION: Upside in Minor 3. DETAILS: Looking for a series of wave threes to unfold, which signifies more upside to come in the future. GOOGL Elliott Wave Analysis Trading Lounge 4Hr Chart, Alphabet Inc., (GOOGL) 4Hr Chart GOOGL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (v) of {iii} DIRECTION: Upside in wave (v). DETAILS: Looking for upside into wave (v) as have reached equality of {iii} vs. {i} and we are now targeting 1.618. Welcome to our latest Elliott Wave analysis for Alphabet Inc. (GOOGL). This analysis provides a detailed overview of GOOGL's price movements using the Elliott Wave Theory, aimed at helping traders identify 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 comprehensive perspective on Alphabet Inc.'s market behavior. * GOOGL Elliott Wave Technical Analysis – Daily Chart* The daily chart indicates that GOOGL is in the midst of Minor wave 3, suggesting that a series of wave threes are likely to unfold, signaling continued upside potential. This wave 3 is typically associated with strong bullish movement, often the most powerful wave in the sequence. Traders should look for higher highs and follow the bullish trend until a clear signal of wave 4 emerges. * GOOGL Elliott Wave Technical Analysis – 4Hr Chart* The 4-hour chart shows that GOOGL is advancing into wave (v) of {iii}. This wave is currently targeting the 1.618 extension level after having reached equality of {iii} vs. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
Markets in Asia were generally lower, with Chinese markets particularly hard-hit ahead of the plenary meeting of the Central Committee next week. European markets are bracing themselves for instability in French politics after the surprise success for the far left parties in the second round of parliamentary elections. Now a new government must be appointed, and with no single party having an overall majority, a coalition is likely. Investors will wait to see whether any of President Macron's policies are reversed, and will be anxious about the amount of power wielded by the Far Left. US futures are mostly flat, after Friday's payroll reading bolstered the chances of a September rate cut. While the week begins with little economic data, Powell's testimony on Tuesday has assumed greater importance following Friday's jobs report, while Thursday's US CPI report and the start of earnings season are the other key events to watch.
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The cryptocurrency market is seeing significant capital movement in Q2 2024, according to data from CryptoRank.io. The top 10 centralized exchanges (CEX) have attracted substantial inflows, with Binance leading at $908 million. Following closely are Bitfinex and Bitget, with $709 million and $561 million respectively. What's particularly interesting is the wide range of inflows across different platforms. While the top 5 exchanges show inflows in the hundreds of millions, there's a notable drop to double-digit millions for those ranked 6th through 10th. This disparity could indicate evolving user preferences or strategic moves by these platforms. The data raises intriguing questions about the factors driving these capital flows. Are regulatory changes playing a role? How are new features or marketing strategies impacting user choices? For crypto enthusiasts and market watchers, this information provides food for thought on the current state and potential future trends in the exchange landscape.
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