Most likely due to the uncertainty surrounding the US election, the GBPUSD market has been moving in a choppy manner. The pound has no fundamental boost, revealing that most of the movement in this market may be coming from the US dollar side of the market. This is also largely due to the behavior of…
The US dollar continues to maintain a strong stance even as we approach the US presidential election. This has significantly limited upside retracement in the AUDUSD market. Furthermore, the market seems to have resumed its downward trajectory, going by the way price activity ended on Friday of the previous week. Let’s try to understand or…
How Traders Should Prepare for the U.S. Election Anyone trading knows how hyper sensitive global markets are to news, whether it be economic, monetary policy related or geopolitical. Being in sync with what markets are expecting and on alert for a surprise prepares a trader to assess a news reaction. This, in turn,…
Bitcoin (BTCUSD) Price Forecast: November 2 Today, the BTCUSD uptrend shows investors are optimistic as it remains firm above the $71,000 supply mark. The cryptocurrency is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the resistance level of $73,624, the coin price may increase further to a $75,000…
Lucky Block Price Prediction- November 2 The LBLOCKUSD price could see an uptrend soon after the pair completes the dip-low movement. The coin price is on the verge of reversal to a new corrective pattern. The crypto price might rebound from the $0.00002003 daily support and turn upside as the market is oversold. Hence, if…
Market Analysis: GBPJPY Experiences Brief Bearish Retracement The GBPJPY currency pair recently transitioned from a bearish trend, finding demand support around the 183.650 level. This pivot has initiated a sustained bullish trend, characterized by consistent respect for the bullish trend line over the past few months. However, as the current price nears a trend line…
Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29,…
A bullish trend began in Sponge market SPONGE Price Analysis – 01 November SPONGEUSDT will rise to $0.000196 and $0.000330 if the resistance level at $0.000136 is breached. The price may drop to the $0.000004 and $0.000006 support levels if the $0.000136 level holds and the $0.000087 level allows. SPONGEUSDT Market Key Levels: Resistance levels:…
The USDCAD market has stayed on a bullish path since its price action rebounded upward from the support level near the 1.3400 threshold. This upward momentum seems to stem from a relatively strong US economy, as indicated by recent positive PCE and GDP data. Additionally, there are other upcoming fundamentals expected to bring further positive…
ASX: MERIDIAN ENERGY LIMITED – MEZ Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) MERIDIAN ENERGY LIMITED – MEZ. We see MEZ.ASX continuing to push lower, and eventually as wave (2)-orange ends, we can return to wave (3)-orange. ASX: Meridian Energy Limited – MEZ 1D chart (semilog scale)…