Elliott Wave Analysis TradingLounge Daily Chart, 8 September 2022, Theta Token(THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: FlatPosition: Wave 2Direction Next higher Degrees: Wave (2) of ((C))Details: Corrective wave in the second wave before the price drops again. where the second wave usual y retraces 61.8% of the first wave.Wave Cancel invalid Level: 1.713Theta Token(THETAUSD) Trading Strategy: The price range tends to test resistance at MA50 Line and continue downward in wave (3), providing a short-term trading opportunity in the downtrend.Theta Token(THETAUSD) Technical Indicators: MACD has a Hidden Bul ish divergence, Short-term price has an opportunity reversalTradingLounge Analyst: Kittiampon SomboonsodElliott Wave Analysis Trad
EURmain (Euro FX - main 2506)
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Theta Token(THETAUSD) Elliott Wave Technical Analysis 8 September 2022
EURUSD Resume Downside After Finding Sellers At Blue Box
EURUSD Resume Downside After Finding Sellers At Blue BoxSeptember 6, 2022ByHassan SheikhIn this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of EURUSD. In which, the decline from the 10 August 2022 high unfolded as an impulse sequence and favored extension in wave five to take place. Therefore, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:EURUSD 1 Hour Elliott Wave ChartEURUSD 1 Hour Elliott Wave ChartHere’s 1hr Elliott wave Chart from the 8/26/2022 London update. In which, the decline to $0.9898 low ended 5 waves from 08/10/2022 high in wave 1 & made a bounce in wave 2. The internals of that bounce unfolded as an Elliott wave double correc
8 Reasons To Trade Forex And A Quick Guide To How The FOREX Market Works!
8 Reasons To Trade Forex And A Quick Guide To How The FOREX Market Works!If you are thinking of diversifying your trading then FOREX can be a good area to get into. It can be a bit confusing to start, so I hope to explain very briefly how the FOREX market functions and operates and the reasons why you should consider trading FOREX in this article. There's also a good selection of FOREX markets to trade on Tiger which I will also take a quick look at!Here are my 8 reasons why you should consider trading FOREX : Most liquid / largest market in the world - 5 Trillion US Dollars traded daily! Virtually a 24 hour a day market, 5 days a week. Tight spreads and low costs. Works well with technical analysis - good repeatable patterns / trends. (Also very good and easy to automate these technical a
8 Reasons To Trade Forex And A Quick Guide To How The FOREX Market Works!
Currency pairs worth picking off in the shorter term?Looks like the US Dollar is strengthening again in the shorter term. Which other currencies are weak that you could combine for some potential trade ideas? Looking at the currency strength chart attached - GBP and EUR looking the weakest. So id be looking to sell (BEARISH) when the technical anlalys lined up:$Euro FX - main 2203(EURmain)$$British Pound - main 2203(GBPmain)$EURUSD:Targets & Risk Management (See also Renko chart attached)....Bearish Downsides: T1 1.0034 T2 0.998 T3: 0.993Stops: Bearish 1.017GBPUSD:Targets & Risk Management (See also Renko chart attached)....Bearish Downsides: T1 1.1979 T2
$Euro FX - main 2203(EURmain)$ FX Heads Up!! For all you Forex traders out there - dont forget to watch out for US Non-Farms data release at 13:30 GMT - could be a lively one after this weeks interest rate rises / inflation noise / and global economic concerns.The numbers: Previous 372k, Forecast 250kMy favourite currency pair to trade over non-farms $Euro FX - main 2203(EURmain)$- good volatility and movement - currently in the longer term currency strength charts EUR is weak and USD stronger (see attached chart) and what about the currency pair? If you're thinking longer term then selling EURUSD might be an option? (see charts)Today around non-farms, especially
#poveraItalia
The situation in Italy is always serious, but rarely hopeless. Draghi is definitely leaving as Prime Minister of Italy. After President Mattarella initially refused him his resignation, the last attempt to reconcile the coalition failed. Draghi still has a lot of support among the Italian population, 50 to 65 per cent would have preferred him to stay on. This may help in the upcoming elections. Meanwhile, the hashtag #poveraItalia is trending on social media.The anger is now directed mainly at the Five Star Movement and Lega, the parties that caused the crisis. Yet it seems better for the survival of the eurozone that elections take place now rather than next year. Next year, Italy will probably be in a deep recession and there will be a new flow of refugees from Africa (possibly even bigg
#poveraItalia
How Does a 50bps Rate Hike After 11 Years Mean to Europe?
European Central Bank July meeting announced a interest rates raise of 50 basis points, beat market estimates of only 25 basis points.After then, the three major interest rates are all positive officially, Europe said farewell to negative interest rates.Compared with the obsequious US Fed, who follows market, ECB is much more independent. The top priority of the European Central Bank at present is to fight inflation.There are two reasons,First, we don't want to repeat the mistake of "misunderstand inflation" by the Federal Reserve.Under the shadow of Russia-Ukraine war, the impact of the supply chain and trade environment in the euro zone is actually greater than that in the United States, and there
How Does a 50bps Rate Hike After 11 Years Mean to Europe?
No more negative interest rates
The Eurozone made history when they cut interest rate till it went below zero in 2014. One reason was to spur growth and another one was more pressing, which was to resolve the sovereign debt crisis for some of the member countries.No one knew what to expect since there was no precedence. But the debt issue did get attenuated and GDP growth was stabilizing around 1-2% in subsequent years. It kind of worked but more like slapping on a band aid.Today, the same problems have came back to haunt Eurozone again - struggling economy and sovereign debt issues unresolved. But this time is different. Eurozone can no longer cut rates anymore because inflation has been rising. It doesn't help when US is raising interest rate and causing the US Dollar to strengthen. Commodities are priced in USD and th
Europe, a great event is about to happen $EUR $NQ
At 20:15 tonight, the European Central Bank will announce the interest rate resolution, and then at 20:45, ECB President Lagarde will hold a press conference. Asian stock markets had fallen before the meeting.1. This is the first time that the European Central Bank has raised interest rates in 11 years, so it is of great significance (tonight's meeting is the most important meeting in the past few years);Market participants are betting on ECB President Lagarde's announcement to raise interest rates. The focus of attention is whether the ECB will initially try to raise interest rates by 25 basis points or start the new normal of raising interest rates by 50 basis points. Given soaring price pressures and the end of its asset-buying programme, the ECB has no choice but to raise interest r
Europe, a great event is about to happen $EUR $NQ
EURO is near parity with U.S. dollar: How to take advantage of the exchange ratehttps://www.cnbc.com/2022/07/12/euro-and-us-dollar-near-parity-heres-what-that-means-for-travelers.htmlPrecursor - please read linked article and form your own opinion first ok. Tks.Upon reading, the first thing that came to mind is - does it apply to EURO - SGD exchange? If it does, imagine the savings to be had, holidaying in Europe minus VAT, especially if you are talkg about luxury shoppg for your 1 or 2 designer's pieces... Yummm...Or perhaps that skiing trip that has been put on hold for the past 2 years? With the protracted war betw u know whom - will this over stretch situation further worsen EU n UK economies overtime? Does that mean even more reason to holiday in Europe??On second thou
When I first changed for Euro, many years ago, I thought it was a great deal at $1.75 EUD/SGD. Then as the time passed, the next time I encountered Euro was $1.65 EUD/SGD. I can't be that unlucky to have two 10 years lows and letit go lower right? Unfortunately it is now $1.41 EUD/SGD at an all time low again.Additionally with inflation and the Russian warin place, I would think that the EUD will weaken further vs USD. US is also hiking interest rates which will draw more USD back to Uncle Sam. Sometimes, combinations like the Omega-Swatch L, may look good initially but lose value over time.What do you think? Like to learn from you. @TigerStars@CaptainTiger
HISTORICAL MOMENT!EUR reaching parity with the USD after 20 years...→ as discussed today in our Live 3D Market Commentary you can watch live each day 1 hour before Wall Street starts trading in the Tiger Broker app 💪"We truly live in unique moments in so many ways... I am so grateful to be a trader and be able to take advantage of continuous market opportunities safely" - Jose Blasco@TRADDICTIV → www.tradewithufos.com@CaptainTiger @TigerStars @TigerEvents
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