Navigate the Financial Wilderness!
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CHFJPY Wave Analysis 11 October 2024

– CHFJPY broke resistance zone – Likely to rise to resistance level 174.90 CHFJPY currency pair under the bullish pressure after the earlier breakout of the resistance zone located between the key resistance level 172.00 (which stopped the previous waves.

CHFJPY Wave Analysis 11 October 2024
GBPUSD Wave Analysis 11 October 2024

– GBPUSD reversed from support zone – Likely to rise to resistance level 1.3200 GBPUSD currency pair recently reversed up from the support zone located between the pivotal support level 1.3030 (former monthly high from July), lower daily Bollinger Band.

Crypto Gets Hammered in America, Rebounds in Asia

During this week, Bitcoin's intraday momentum has been dominated by declines during the US session. Ethereum has failed to break away from 200-week MA for 9th week.

US data: Stubborn inflation vs jobs warning bell

US inflation slightly exceeded expectations, but a surge in jobless claims shifted attention to the need for further policy easing. The dollar remained largely unchanged after conflicting economic data was released.

Market Overview

The rising dollar spooked crypto
The rising dollar spooked crypto
Crypto Review

Crypto Gets Hammered in America, Rebounds in Asia
Crypto Gets Hammered in America, Rebounds in Asia

During this week, Bitcoin's intraday momentum has been dominated by declines during the US session. Ethereum has failed to break away from 200-week MA for 9th week.

The Crypto Maintains Its Equilibrium
The Crypto Maintains Its Equilibrium

The crypto market has stabilised around the $2.17 trillion level where it was a week and a day ago. Bitcoin sandwiched between the 200-day MA above and the 50-day MA below.

Equity Weakness Dampens Crypto Investment Appetite
Equity Weakness Dampens Crypto Investment Appetite

The crypto market rolled back 1.8% in 24 hours to $2.17 trillion due to a reduction in risk appetite. Bitcoin has been gaining crypto market share during such periods.

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Technical analysis

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CHFJPY Wave Analysis 11 October 2024
CHFJPY Wave Analysis 11 October 2024

– CHFJPY broke resistance zone – Likely to rise to resistance level 174.90 CHFJPY currency pair under the bullish pressure after the earlier breakout of the resistance zone located between the key resistance level 172.00 (which stopped the previous waves.

GBPUSD Wave Analysis 11 October 2024
GBPUSD Wave Analysis 11 October 2024

– GBPUSD reversed from support zone – Likely to rise to resistance level 1.3200 GBPUSD currency pair recently reversed up from the support zone located between the pivotal support level 1.3030 (former monthly high from July), lower daily Bollinger Band.

EURUSD Wave Analysis 10 October 2024
EURUSD Wave Analysis 10 October 2024

– EURUSD broke support zone – Likely to fall to support level 1.0875 EURUSD currency pair under the bearish pressure after the earlier breakout of the support zone located between the key support level 1.1000 (former monthly low from September).

EURGBP Wave Analysis 10 October 2024
EURGBP Wave Analysis 10 October 2024

– EURGBP reversed from resistance zone – Likely to fall to support level 0.8340 EURGBP currency pair recently reversed down from the resistance zone located between the key resistance level 0.8400 (former strong support from June, July and August) intersecting.

USDCAD Wave Analysis 9 October 2024
USDCAD Wave Analysis 9 October 2024

– USDCAD broke the resistance zone – Likely to rise to resistance level 1.3750 USDCAD currency pair recently broke the resistance zone located between the key resistance level 1.3635 (former monthly high from September) intersecting with the 38.2% Fibonacci correction.

Gold Wave Analysis 9 October 2024
Gold Wave Analysis 9 October 2024

– Gold broke the support zone – Likely to fall support level 2580.00 Gold recently broke the support zone set between the support level 2625.00 (which stopped wave A at the end of September), the support trendline of the daily.

IBM Wave Analysis 8 October 2024
IBM Wave Analysis 8 October 2024

IBM continues to rise strongly after the earlier breakout of resistance zone located between the resistance level 220.00 and the resistance trendline of the wide weekly up channel from 2023. The breakout of this resistance zone accelerated the active impulse.

Nasdaq-100 Wave Analysis 8 October 2024
Nasdaq-100 Wave Analysis 8 October 2024

– Nasdaq-100 reversed from support zone – Likely to rise to resistance level 20340.00 Nasdaq-100 index today reversed up from the support zone located between the pivotal support level 19680.00 (former top of wave b from the start of September).

Adobe Wave Analysis 7 October 2024
Adobe Wave Analysis 7 October 2024

– Adobe broke round support level 500.00 – Likely to fall to support level 470.00 Adobe recently broke the support zone located between the round support level 500.00 (monthly low from August) intersecting with the 61.8% Fibonacci correction of the.

WTI Wave Analysis 7 October 2024
WTI Wave Analysis 7 October 2024

– WTI under strong bullish pressure – Likely to rise to resistance level 78.3 WTI crude oil under the strong bullish pressure after the price broke the resistance level 71.30 (former strong support from August) intersecting with the resistance trendline.

Natural Gas Wave Analysis 4 October 2024
Natural Gas Wave Analysis 4 October 2024

– Natural gas reversed from long-term resistance level 3.150 – Likely to fall to support level 3.0000 Natural gas recently reversed down from the long-term resistance level 3.150 (the previous month’s high from May and June). The resistance level 3.150.

S&P 500 Wave Analysis 4 October 2024
S&P 500 Wave Analysis 4 October 2024

– S&P 500 reversed from support level 5680.00 – Likely to rise to resistance level 5780.00 S&P 500 index recently reversed up from the pivotal support level 5680.00 (a former multi-month high from July, acting as the support after it.

EURAUD Wave Analysis 3 October 2024
EURAUD Wave Analysis 3 October 2024

EURAUD currency pair recently reversed up from the strong support level 1.6020 (which stopped the multi-month downtrend in June) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.6020 will likely form the daily Japanese.

EURCAD Wave Analysis 3 October 2024
EURCAD Wave Analysis 3 October 2024

– EURCAD reversed from key support level 1.4900 – Likely to rise to resistance level 1.5150 EURCAD currency pair recently reversed up from the key support level 1.4900 (former resistance from June, which stopped the previous waves (4) and 1).

WTI Wave Analysis 2 October 2024
WTI Wave Analysis 2 October 2024

– WTI reversed from pivotal resistance level 71.30 – Likely to fall to support level 68.00 WTI crude oil recently reversed down from the pivotal resistance level 71.30 (former double bottom from August) intersecting with the upper daily Bollinger Band.

Apple Wave Analysis 2 October 2024
Apple Wave Analysis 2 October 2024

– Apple reversed from support level 225.00 – Likely to rise to resistance level 232.50 Apple recently reversed up from the key support level 225.00 (low of the previous wave (a)) intersecting with the 20-day moving average and the 50%.

Gold Wave Analysis 1 October 2024
Gold Wave Analysis 1 October 2024

– Gold reversed from support level 2625.00 – Likely to rise to resistance level 2685.00 Gold recently reversed up from the support level 2625.00 intersecting with the upper trendline of the daily up channel from July (acting as the support.

EURUSD Wave Analysis 1 October 2024
EURUSD Wave Analysis 1 October 2024

– EURUSD broke key support level 1.1085 – Likely to fall to support level 1.1000 EURUSD currency pair recently broke the key support level 1.1085 (which stopped the previous correction ii) coinciding with the 61.8% Fibonacci correction of the upward.

USDCHF Wave Analysis 30 September 2024
USDCHF Wave Analysis 30 September 2024

– USDCHF reversed from strong support level 0.8400 – Likely to rise to resistance level 0.8525 USDCHF currency pair recently reversed up from the strong support level 0.8400, which is the lower boundary of the sideways price range inside which.

AUDUSD Wave Analysis 30 September 2024
AUDUSD Wave Analysis 30 September 2024

– AUDUSD broke multi-month resistance level 0.6860 – Likely to rise to resistance level 0.7050 AUDUSD currency pair recently broke above the strong multi-month resistance level 0.6860, which stopped the sharp wave A at the end of last year. The.

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Brokers News

2 of the Biggest ETFs Just Landed at FxPro!
2 of the Biggest ETFs Just Landed at FxPro!

We are thrilled to announce that FxPro now offers two of the biggest US ETFs: SPY and QQQ! Trade from as little as 0.01 lots. Dive into the world of ETF CFDs with FxPro today! 📈 Marketing communication, not trading.

Get ready for NVIDIA Stock Split
Get ready for NVIDIA Stock Split

Nvidia (NVDA) has announced a 10-for-1 stock split. 📅 The split is set to happen after the US stock market closes on June 7, with trading on a post-split basis starting on June 10. Key points to note: At FxPro,.

⚡️Calling all EV Stock Sharks⚡️
⚡️Calling all EV Stock Sharks⚡️

Zeekr, China’s Tesla rival, recently had its IPO, and now you can trade it at FxPro!You can find this new stock on the FxPro platform & mobile app with the FxPro MT5 account type under the ticker ZK.N ✅Trade from.

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Brexit

Brexit reality stokes fears for the peace in Northern Ireland
Brexit reality stokes fears for the peace in Northern Ireland

The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off from the rest of the United Kingdom is emblazoned along the road from Belfast to the mainly Protestant port town of Larne..

Pound Optimism Fades Along With Brexit Glow for Asset Managers
Pound Optimism Fades Along With Brexit Glow for Asset Managers

The pound’s Brexit deal honeymoon looks well and truly over, with the currency off to the worst start to the year among its Group-of-10 peers. Allianz Global Investors has taken a short position on sterling against the euro, citing the.

The Brexit deal leaves the future uncertain for financial services — here’s what is at stake
The Brexit deal leaves the future uncertain for financial services — here’s what is at stake

Britain formally left the European Union’s trade bloc on Dec. 31, marking a new era for the U.K.-EU relationship. After months of wrangling, new rules for trade were finally agreed just days before the year-end deadline. But in a document.

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13/10/24 | 20:15 (GMT)
NZD | RBNZ Governor Adrian Orr Speaks !!!
AUDNZD 1.08561
NZDJPY 88.573
NZDUSD 0.61383