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10/06/21 10:53
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Posts
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Asian markets racked up another positive close overall, although the Nikkei came under pressure and ended down 0.5%. Banking crisis fears continue to ease, and while investors are still watching for any fresh pressure, they are certainly glad that the problem seems to have been dealt with. The focus now goes back to the broader economy, with US initial jobless claims and German CPI on the agenda for today, followed up by US PCE data tomorrow. Another positive open is expected for European markets. -
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: Most indices at 2wk high as bank fears fade. Europe expected to start with gains. Miners gain as hopes are China will drive another cmdty boom FX: Little move overall. EURUSD awaiting German CPI & US weekly jobless claims Equities: Earnings – MOON HMB CZOO. Meanwhile MS says BABA break-up could double the value of the single company Commods: Gold little move. Oil consolidating at recent prices. BTC new 8mth high. Lumber close to breaking long term support
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 30 March 23, ChaninLink /U.S.dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave I of Motive Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)). Wave Cancel invalid Level: 5.386 ChaninLink /U.S.dollar(LINKUSD)Trading Strategy: Chainlink is recovering well and we expect wave ((2)) to end at the 5.900 level. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the level of 10.028. ChaninLink /U.S.dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 30 March 23, ChaninLink /U.S.dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave I of Motive Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)). Wave Cancel invalid Level: 5.900 ChaninLink /U.S.dollar(LINKUSD)Trading Strategy: Chainlink is recovering well and we expect wave ((2)) to end at the 6.750 level. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the level of 9.705. ChaninLink /U.S.dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish.
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