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Nasdaq-100 Wave Analysis 17 January 2025

– Nasdaq-100 broke daily down channel – Likely to rise to resistance level 21850.00 Nasdaq-100 index rising inside the intermediate impulse wave (5), which started earlier from the support zone located between the key support level 20820.00 (former low of wave A.

Nasdaq-100 Wave Analysis 17 January 2025
AUDCAD Wave Analysis 17 January 2025

– AUDCAD reversed from support zone – Likely to rise to resistance level 0.9000 AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860.

What is next: Trump 2.0 and the BoJ hike 

US markets will be closed on Monday for Martin Luther King Day, affecting trading hours. Trump's inauguration may influence FX and global stocks. On Tuesday, the CAD may be influenced by CPI data. On Friday worth noting BoJ rate decision and EU PMI Flash releases.

Dollar and US indices reverse as inflation fears ease

The US dollar initially rose but came under pressure throughout the week. Chances that Fed will not cut rate this year has decreased. US indices experienced a correction but have since grown due to softer inflation figures.

Market Overview

Crypto Review

The crypto market keeps its pace
The crypto market keeps its pace

The crypto market continues to grow, reaching $3.6 trillion. Bitcoin's price has surpassed $102,000 and could potentially reach $130,000 by the end of January.

Bitcoin hits $100K again, XRP tests highs
Bitcoin hits $100K again, XRP tests highs

Bitcoin briefly surpassed $100K before stabilizing below it, while XRP reached $3.20 before pulling back. The market is influenced by US economic data and the Ripple-SEC case.

Confident XRP fuels crypto optimism
Confident XRP fuels crypto optimism

XRP demonstrates a strong recovery and favourable court decisions, with active buying pushing its price back to the December peak area. Further gains could reach $4.40.

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Technical analysis

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Nasdaq-100 Wave Analysis 17 January 2025
Nasdaq-100 Wave Analysis 17 January 2025

– Nasdaq-100 broke daily down channel – Likely to rise to resistance level 21850.00 Nasdaq-100 index rising inside the intermediate impulse wave (5), which started earlier from the support zone located between the key support level 20820.00 (former low of wave A.

AUDCAD Wave Analysis 17 January 2025
AUDCAD Wave Analysis 17 January 2025

– AUDCAD reversed from support zone – Likely to rise to resistance level 0.9000 AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860.

EURJPY Wave Analysis 16 January 2025
EURJPY Wave Analysis 16 January 2025

– EURJPY broke support zone – Likely to fall to support level 158.00 EURJPY currency pair recently broke the support zone located between the key support level 160.200, (which has been reversing the pair from December) and the 50% Fibonacci.

GBPCAD Wave Analysis 16 January 2025
GBPCAD Wave Analysis 16 January 2025

– GBPCAD reversed from strong support level 1.7490 – Likely to rise to resistance level 1.7700 GBPCAD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the strong support level 1.7490, which has been steadily.

EURUSD Wave Analysis 15 January 2025
EURUSD Wave Analysis 15 January 2025

– EURUSD reversed from key support level 1.0225 – Likely to rise to resistance level 1.0425 EURUSD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Morning Star (with the daily Hammer in its middle) from the.

EURGPB Wave Analysis 15 January 2025
EURGPB Wave Analysis 15 January 2025

– EURGPB reversed from multi-month resistance level 0.8445 – Likely to fall to support level 0.8380 EURGPB currency pair recently reversed down from the strong multi-month resistance level 0.8445, which has been steadily reversing the price from the start of.

Dow Jones Wave Analysis 14 January 2025
Dow Jones Wave Analysis 14 January 2025

– Dow Jones reversed from support level 42000.00 – Likely to rise to resistance level 43000.00 Dow Jones index recently reversed up with the daily Piercing Line reversal pattern from the pivotal support level 42000.00, which has been reversing the.

NZDJPY Wave Analysis 14 January 2025
NZDJPY Wave Analysis 14 January 2025

– NZDJPY reversed from key support level 87.00 – Likely to rise to resistance level 89.40 NZDJPY currency pair recently reversed up from the key support level 87.00, which is the lower border of the sideways price range inside which.

Google Wave Analysis 13 January 2025
Google Wave Analysis 13 January 2025

– Google reversed from pivotal support level 187.30 – Likely to rise to resistance level 200.00 Google recently reversed up from the pivotal support level 187.30, which is the lower border of the sideways price range inside which the price.

USDCHF Wave Analysis 13 January 2025
USDCHF Wave Analysis 13 January 2025

– USDCHF broke resistance level 0.9130 – Likely to rise to resistance level 0.9225 USDCHF currency pair recently broke the resistance level 0.9130, which stopped the previous impulse wave i at the start of January, as can be seen below..

NZDUSD Wave Analysis 10 January 2025
NZDUSD Wave Analysis 10 January 2025

– NZDUSD falling inside weekly impulse wave C – Likely to fall to support level 0.5500 NZDUSD currency pair recently reversed down from the lower trendline of the wide weekly down channel from the start of 2023 (which is acting.

GBPUSD Wave Analysis 10 January 2025
GBPUSD Wave Analysis 10 January 2025

– GBPUSD broke key support level 1.2300 – Likely to fall to support level 1.2100 GBPUSD currency pair recently broke the key support level 1.2300 (former multi-month low from April of 2024, as can be seen below from the daily.

WTI crude oil Wave Analysis 9 January 2025
WTI crude oil Wave Analysis 9 January 2025

– WTI crude oil reversed from support level 72.25 – Likely to rise to resistance level 74.60 WTI crude oil recently reversed up from the key support level 72.25 (former resistance from October and November, as can be seen below)..

USDCAD Wave Analysis 9 January 2025
USDCAD Wave Analysis 9 January 2025

– USDCAD reversed from support zone – Likely to rise to resistance level 1.4450 USDCAD currency pair recently reversed up from the support zone located between the support level 1.43000, 20-day moving average and the support trendline of the sharp.

GBPCHF Wave Analysis 8 January 2025
GBPCHF Wave Analysis 8 January 2025

– GBPCHF reversed from resistance zone – Likely to fall to support level 1.1200 GBPCHF currency pair recently reversed down from the resistance zone located between the strong multi-month resistance level 1.1360 (which has been reversing the price from September).

USDJPY Wave Analysis 8 January 2025
USDJPY Wave Analysis 8 January 2025

– USDJPY broke resistance level 158.00 – Likely to rise to resistance level 160.00 USDJPY currency pair recently broke the resistance level 158.00, which is the upper border of the narrow sideways price range inside which the pair has been.

USDCHF Wave Analysis 7 January 2025
USDCHF Wave Analysis 7 January 2025

– USDCHF reversed from support zone – Likely to rise to support level 0.9130 USDCHF currency pair recently reversed up from the support zone located between the support level 0.9020 (former top of the impulse wave 1 from December) and.

EURUSD Wave Analysis 7 January 2025
EURUSD Wave Analysis 7 January 2025

– EURUSD reversed up from resistance zone – Likely to fall to support level 1.0255 EURUSD currency pair recently reversed down from the resistance zone set between the resistance level 1.0435 (which has been steadily reversing the price from the.

Nasdaq-100 Wave Analysis 6 January 2025
Nasdaq-100 Wave Analysis 6 January 2025

– Nasdaq-100 reversed up from support zone – Likely to rise to resistance level 21855.00 Nasdaq-100 index recently reversed up from the support zone located at the intersection of the support level 20820.00 (low of the previous minor correction 2),.

Google Wave Analysis 6 January 2025
Google Wave Analysis 6 January 2025

– Google broke daily Triangle – Likely to rise to resistance level 200.00 Google under the bearish pressure after the earlier breakout of the resistance trendline of the daily Triangle from the start of December. The bottom of this Triangle.

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Brokers News

Thanksgiving Market Alert
Thanksgiving Market Alert

Take note on changes in trading schedule during US Thanksgiving Day.

Nvidia Joins the Dow Jones, Replacing Intel in a Major Shift for the Chip Industry
Nvidia Joins the Dow Jones, Replacing Intel in a Major Shift for the Chip Industry

Nvidia stock will replace Intel in the Dow Jones Industrial Average Index starting from Nov 8th.

US Election Trading Conditions 2024
US Election Trading Conditions 2024

The U.S. election takes place on November 5th, 2024, and markets are expected to experience heightened volatility. Any changes to trading conditions during this period will be updated on this page. Current Status: Normal trading conditions remain in effect.

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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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