High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
MARUTI SUZUKI INDIA – MARUTI (1D Chart) Elliott Wave / Technical Analysis: Function: Counter Trend Lower (Intermediate degree, orange) Mode: Corrective Structure: Impulse, within larger degree Wave A Position: Minor Wave 1 Grey complete Details: Minor Wave 2 underway towards 12700-800 zone. Invalidation point: 13685 Maruti Suzuki Daily Chart Technical Analysis and potential Elliott Wave Counts: Maruti Suzuki’s Daily chart potential counts are suggesting that the stock has probably terminated its fifth wave at Minor, Intermediate and primary (not shown) degrees…
2024.08.16 2024.08.16 GBPUSD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2660 with a growth target of 1.3400 – 1.3740. A buy signal: after the price returns above 1.2660. Stop Loss: below 1.2630, Take Profit:…
Economic data surprises, risk sentiment plot twists, and central bank speculations made for a busy trading week for the major currencies!
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
3M Company with ticker MMM was trading in a larger A-B-C correction within a higher degree wave IV for the last 5 years, but we have been warning about strong support with equal wavelength of waves A=C already back in 2023. MMM Weekly Chart from June 2023 As you can see now in 2024, we can see a strong…
2024.08.16 2024.08.16 USDJPY: Elliott wave analysis and forecast for 16.08.24 – 23.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00. A buy signal: after the price returns above 141.66. Stop Loss: below 140.50, Take Profit:…
Dollar domination was the name of the game after the U.S. printed strong retail sales figures. How did the rest of the currencies and asset classes perform? Let’s discuss the major headlines: Headlines: Australia MI inflation expectations in July up from 4.3% to 4.5% Australian economy added 58.2K jobs in July (20.2K estimate, previous reading upgraded from 50.2K to…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Large-scale CTA buying activity may have supported Platinum markets last session, but signs of buying exhaustion could now morph into selling activity, TDS Senior Commodity Strategist Daniel Ghali notes. Palladium may still jump higher “Prices will now have to rally towards $995/oz to keep CTAs from shedding some of their recently added length, and a big downtape over the coming week…