After the breakdown of the upward structure, representing the breakdown of the minimum of the second wave in the final diagonal triangle, the downward movement immediately stopped abruptly. Presumably, a downward impulse formed, which is the first wave in the impulse of a larger time frame. Then, in the near future, we may see the…
During the last trading day, there were no significant changes in the previously considered wave pattern. Control over the current situation remained with buyers. However, the price has not yet managed to rise further. Apparently, the last trading day was spent on developing an internal correction, the exit from which is expected during today’s session….
Bitcoin’s journey to $100,000 is hitting a snag as an area of interest limits bullish demand. Here’s a level you can watch if you’re waiting for bitcoin to moon (some more): Bitcoin (BTC/USD) 4-hour Chart by TradingView In case you missed it, a rejection from just under the big $100,000 level dragged BTC/USD back to…
The US Dollar Index receives downward pressure from optimism in bond market. 2-year and 10-year bond yields depreciate to 4.21% and 4.23%, respectively. US data indicated a resilient economy, suggesting that the Fed may adopt caution in 2025. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other…
End-of-month flows and a lack of fresh catalysts helped push AUD/USD back up from its November lows. We’ve spotted a potential resistance zone that might kickstart another downswing for the comdoll pair! Here’s what we’re looking at in the 4-hour time frame: AUD/USD 4-hour Forex Chart by TradingView Major U.S. dollar counterparts like the Aussie…
Investing.com– Most Asian currencies edged higher on Friday as the dollar weakened on persistent expectations of a rate cut by the U.S. Federal Reserve in December, while the Japanese yen surged after hotter-than-expected inflation data from Tokyo. Traders firmed up bets on a 25 basis points cut by the Fed in its December meeting, despite…
By Kane Wu and Julie Zhu HONG KONG (Reuters) -A consortium including Starwood Capital Group and Warburg Pincus aims to finalise a deal to take ESR Group private in the coming weeks, valuing the Hong Kong-listed real estate fund manager at more than $7 billion, two sources said. ESR’s founders and a unit of sovereign…
Investing.com– The Japanese yen hit its strongest level against the dollar in just over a month on Friday as higher-than-expected inflation data from Tokyo reinforced expectations for a December rate hike by the Bank of Japan. The yen’s pair- which gauges the amount of yen needed to buy one dollar- sank around 1% to as…
The Ehlers Fisher Transform and Step Average Forex Trading Strategy offers traders a unique approach to analyzing market trends and making informed trading decisions. The Fisher Transform, developed by renowned trader John Ehlers, is designed to convert price data into a Gaussian distribution, helping traders identify potential reversals with enhanced accuracy. By transforming price movements…
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