JSW Steel – Jswsteel (1D chart) Elliott Wave technical analysis Function: Counter Trend (Minor Degree Grey). Mode: Corrective. Structure: Potential impulse within larger degree correction. Position: Minute Degree is still unfolding. Details: The proposed wave structure has changed as the stock breaks below 960 mark. Minor Wave 4 Grey has also been adjusted with Wave 5 potentially complete around 1075. Only a push through…
2024.11.13 2024.11.13 EURUSD May Collapse to Parity. Forecast as of 13.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s domestic policies involve significant spending, while his foreign policies are based on protectionism. In such an environment, American exceptionalism will enable the US dollar to strengthen. Let’s discuss this topic and make a trading plan for the EURUSD pair. The article covers the following…
U.S. stock markets have been on quite a run lately, but are we finally seeing signs of a rally correction on the S&P 500 index? Check out these nearby inflection points! S&P 500 Index (SP500) 4-hour Chart by TradingView Optimism for business-friendly policies under another Trump administration have allowed U.S. equity indices to surge, pushing the S&P 500 index…
Fundamental Overview Gold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%. The reason is that a red sweep brings a more expansionary fiscal policy and should be not only positive for growth but also for inflation. In fact,…
European Central Bank (ECB) Governing Council member and Bank of France President François Villeroy de Galhau shed light on the central bank’s policy move on Wednesday. Additional comments Expect inflation to remain moderate in France. Expect the French unemployment rate to go up to around 8% before then going back down to 7%. Regarding france’s public finances, that ‘we really…
2024.11.13 2024.11.13 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 13.11.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to rise to 92,717.00 amid the current bullish momentum. Consider long positions from the current level…
The Land Down Under is gearing up to print its latest employment data, and a potential miss could be enough for traders to doubt the RBA’s hawkish stance. Our Event Guide for the Australian Employment Report mentioned that the manufacturing sector cut jobs at faster rates and job ads and that fewer hiring opportunities were listed, possibly…
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…
EUR/CAD may find immediate support at the psychological level of 1.4800. The 14-day RSI signals sustained bearish momentum as it remains slightly above the 30 level. The pair may explore the area around a “pullback resistance” at the 1.4870 level. The EUR/CAD cross struggles to rebound from three consecutive days of losses, trading around the 1.4810 mark during the…
2024.11.12 2024.11.13 Economic Calendar for the Week 18.11.2024 – 24.11.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US dollar and stock indices remain bullish amid optimism surrounding potential positive changes in the US economy after Donald Trump’s assumption of the US presidency. Market participants continue to analyze the results of the US Fed meeting that ended earlier this month. Overall, the outcome of…
