GBPAUD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 25 July 23,   British Pound/ Australian Dollar (GBPAUD) 4 Hour Chart GBPAUD Elliott Wave Technical Analysis Function: Trend(new) Mode: impulsive Structure:Subwave 3 of 1 Position: New Motive Wave 1 Direction Next Lower Degrees:Subwave wave (3) of Motive go more down Details: Subwave Wave “3” is likely move more downward . Wave Cancel invalid level: 1.93961 On 25th July 23, the 4-hour chart of the British Pound/Australian Dollar (GBPAUD) pair is analyzed using Elliott Wave theory, revealing a trending market with a new impulsive mode. The function of the price movement is identified as a trend, while the mode is characterized as impulsive. The current structure is recognized as Subwave 3 of 1, with the position of the price

Elliott Wave Analysis TradingLounge Daily Chart, 24 May 23,   NEO /U.S.dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Corrective Position: Wave ((Y)) Direction Next higher Degrees: Wave II of Motive Details: Wave reversal II has a probability of .786 x length Wave I Wave Cancel invalid Level: 5.96 NEO /U.S.dollar(NEOUSD) Trading Strategy: It is possible that wave ((2)) may end at the level of 8.69. A five-wave rise and a breakout of the 28338.31 level will support this idea. But even so, the price is still in a downtrend as it holds below the MA200, trading is still cautious. NEO /U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bullish moment

XAU/USD Forecasting the wave ((v)) higherJanuary 23, 2023ByEWFRafael Hello Traders in this article we will see how we were forecasting XAU/USD to make the next leg higher within wave ((v)). Gold since it found support back from 09.28.2022 it has been in a bullish cycle. Since then it has been creating incomplete bullish sequences. Here at Elliott Wave Forecast we use incomplete sequences to trade the right side. This way we separate clear tradable sequences from choppy structures. By doing that we take the highest probability trade setups. With the USDX selling off since the 09.28.2022 peak Gold had to follow as everyone knows that mainly it is inversely correlated with it. First let’s look at Gold when we saw the pullback in wave ((iv)). XAU 1 Hour London Update 01.18.2023 XAU 1 Hour Lond

Elliott Wave View: USDJPY Looking for Double CorrectionOctober 28, 2022ByEWFHendra Short Term Elliott Wave structure of USDJPY shows a 5 swing sequence from 10.21.2022 high. This suggests the decline can extend lower into a 7 swingdouble three structure. Rally to 10.21.2022 high at 151.94 ended wave (3). Pullback in wave (4) is in progress with subdivision as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 146.15, rally in wave ((b)) ended at 149.71, and wave ((c)) lower ended at 145.37. This completed wave W. Corrective rally in wave X ended at 149.44 and the pair has resumed lower. Wave Y is now in progress as a zigzag structure. Down from wave X, wave (i) ended at 148.24, and rally in wave (ii) ended at 149.24. Pair resumes lower in wave (iii) towards 145.

Either sterling or UK bond will collapse.The "tax cut panic" spread in UK, and the yield of UK bonds, after the central bank announced on September 28th that there was no upper limit on the purchase of government bonds, once again reached the high point since the financial crisis in 2008.Why did the Bank of England buy government bonds? Previous Review of Popular Edition: Britain's new Prime Minister Truss succeeded Huang Mao-planning to do something big to get everyone to recognize her (and divert her attention from sending the Queen away)-first taking the inflation that is about to get out of control-planning to increase everyone's income to fight inflation (by the way, pull some votes to boost their support rate)-cutting taxes! -The government's revenue from tax

Wall Street strategists say the Federal Reserve's policy decision is once again at the hawkish end of expectations, which would leave the dollar as the only choice.On Wednesday, the Federal Reserve raised interest rates for the third consecutive time by 75 basis points, as expected, raising the benchmark rate to a range of 3%-3.25%. Fed Chairman Jerome Powell emphasized that he continues to insist on controlling inflation and is adjusting policy to a level that is sufficient to limit economic growth.The Fed's newly released dot plot shows that the Fed expects the benchmark interest rate to rise to 4.4% by the end of this year, 100 basis points higher than forecast.1) David Croy, a strategist at ANZ Group, said: After the volatility in the hours following the Fed's rate hike, the