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By iamcryptic · Posted
Let's see. The market general market is in a downtrend though.. but some memes are not so bad. Been accumulating BOBO, APECOIN, BOMB after sighting them on Bitget memezone. Let's see how his unfolds. -
Dear @IanClayton, Thank you for your post. Please note that these are not the same. The ETF with the ticker symbol NUSI (available on the platform) you are referring to is an actively managed exchange-traded fund that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100® Index and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the Nasdaq-100. We do not have NBS on our platform. Thanks, KoketsoIG -
By tradinglounge · Posted
GX Uranium ETF (URA) Elliott Wave Analysis Function - Counter trend Mode - Corrective Structure - Impulse for wave A (circled) Position - Wave (4) of A (circled) Direction - Wave (4) is still in play Details - A bearish impulse from 33.69 is emerging for wave A (circled) and we should see further decline. Overview of GX URA ETF The GX URA ETF, also known as the Global X Uranium ETF, is designed to reflect the performance of companies operating within the uranium industry. This ETF offers investors a diversified portfolio that includes firms engaged in uranium mining, exploration, and production on a global scale. As nuclear power is increasingly recognized as a cleaner energy alternative, the potential for increased uranium demand grows, making the GX URA ETF an attractive option for investors looking to capitalize on the sector's growth. Daily Chart Analysis Analyzing the daily chart, the GX Uranium ETF completed a bullish impulse wave cycle in May 2024, reaching $33.69, up from $17.70 in July 2022. This represented an impressive gain of over 88% in 26 months. From an Elliott wave perspective, such a substantial rise is typically followed by a bearish correction. Since peaking at $33.69, the ETF has been undergoing a downward correction. Ideally, this would involve a three-wave bearish correction. Currently, the ETF appears to be completing the first wave of this correction, known as wave A (circled). After this wave concludes, a corrective bounce is expected for the second wave, followed by another downward move in wave C (circled), which will complete the corrective phase. Alternatively, there is a possibility of a bearish impulse wave decline that could drive the ETF price back down to $17.70 or even lower. This scenario is plausible because the initial impulse sequence to $33.69 marked the completion of wave (c) of a supercycle degree within a larger bullish corrective cycle that began in March 2020. Given that both forecasts indicate a further decline, it is reasonable to expect the ETF to fall to at least $25 in the coming weeks. H4 Chart Analysis On the H4 chart, the bearish impulse wave from $33.69 is still unfolding and is currently in wave (5). There is potential for further extension towards the $27-$28 range, where wave (5) is expected to conclude. Following this, a bullish correction for wave B (circled) could occur, providing a temporary relief before the next phase of the bearish correction sets in. Summary Overall, the GX URA ETF's recent performance and technical analysis suggest that investors should prepare for potential downward movement in the near term while considering the long-term opportunities presented by the uranium sector's growth potential. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
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Question
Ugoagoago
I'm kind of quite liking MT4 but still familarising myself with it.
One aspect I'm curious about:
Is it possible to alter the base currency from USD to GBP.
The Account History converts all results after converting to USD ( atleast I think this is what it's doing).
So is there a way to change the base currency.
Many thanks in advance.
Regards
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