The Fed declined to signal a December rate rise, and the dollar retreated. The ECB and BoJ are expected to hold rates while laying the groundwork for a December rate hike.

T oday is Thursday, October 29th, and we’re going to talk about the gas market, where a multi-year triangle has most likely been completed. Let’s look at the daily chart. You can see this large triangle that began forming back in 2020. Note that wave E has probably been completed within it.

The crypto market has returned to local lows ($2.67T); Bitcoin has reversed from the 50-day MA at $81.7K to $79.9K and risks falling towards $75K against a backdrop of weakness in stock indices.

Palladium: ⬇️ Sell – Palladium broke support level 1030.00 – Likely to fall to support level 950.00 Palladium recently broke the support level 1030.00, which is located inside the daily down channel from the start of September. The breakout of.

EURUSD: ⬆️ Buy – EURUSD reversed from key support level 1.1120 – Likely to rise to resistance level 1.1260 EURUSD currency pair recently reversed up from the support zone between the key support level 1.1120 (which stopped the previous impulse.

NEAR Protocol: ⬆️ Buy – NEAR Protocol reversed from support level 4.340 – Likely to rise to resistance level 5.000 NEAR Protocol cryptocurrency recently reversed up from the support zone between the support level 4.340 (which stopped wave iv at.

AUDJPY: ⬆️ Buy – AUDJPY broke resistance zone – Likely to rise to resistance level 112.60 AUDJPY currency pair recently broke the resistance zone between the resistance level 111.20 (which stopped waves a and c of the ABC correction 2.

Gold is holding near $4,000 amid AI-driven optimism, but weakness in equities and a hawkish Fed risk pushing it back below that level.

The Brent rally and rising yields increase the chances of a Fed rate hike in December, while the ECB is held back by risks of economic downturn, weighing on EURUSD.

The crypto market rebounded by 1.5% to $2.71T, with Bitcoin back above $80K. The market awaits the Fed with hawkish rhetoric as the main risk, but cautious wording could spark a rally.

Tesla: ⬆️ Buy – Tesla broke resistance zone – Likely to rise to resistance level 432.50 Tesla recently broke the resistance zone between the resistance level 388.00 (which stopped wave (A) at the end of September and wave 1 in.

Nasdaq-100 Index: ⬆️ Buy – Nasdaq-100 Index reversed from support level 29000.00 – Likely to rise to resistance level 30000.00 Nasdaq-100 Index recently reversed up from the support zone between the support level 29000.00 (which has been reversing the price.