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Elliot Wave Analysis: Forex, Bonds, US Gold, Silver, Iron Ore, Copper, Lithium, Nickel, Crude Oil, Natural Gas
Video By: Peter Mathers
Wednesday, May 31, 2023 7:13 AM EDT
The USD DXY USDJPY are heading higher into Wave iii) and iv) corrections so are the FX pairs and so are GDX and US Spot Gold. So, there are no larger trends, just corrections. No strategies as markets are in small corrective patterns.
Watch
GBPUSD: Bearish Correction (B) Is Half Completed
Article By: Orbex
Wednesday, May 31, 2023 7:00 AM EDT
It is assumed that the GBPUSD pair can build a corrective cycle wave IV.
In this article: FXB, UUP
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Technical Analysis Of Salesforce Inc. - Wednesday, May 31
Article By: AAATrade
Wednesday, May 31, 2023 5:45 AM EDT
Looking at Salesforce’s chart, we can see that it is in an uptrend, and it was lastly traded at around $218.85.
In this article: CRM
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Two Trades To Watch: DAX, USD/JPY - Wednesday, May 31
Article By: Fiona Cincotta
Wednesday, May 31, 2023 5:15 AM EDT
USDJPY trades within a rising channel since mid-March. The pair ran into resistance at 140.93 and has eased lower, pulling the RSI out of overbought territory.
In this article: FXY, UUP, DAX
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Ethereum Reinforces Its Deflationary Nature – 143k Tokens Burned In May
Article By: Invezz
Wednesday, May 31, 2023 4:51 AM EDT
Data from ultrasound.money shows the blockchain burnt approximately 143,000 Ether coins (worth approximately $275 million) in May. Could Ethereum be the new market driver that experts are searching for?
In this article: BITCOMP, ETH-X
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Crude Oil Forecast: Crude Oil Continues To Show Volatility
Article By: Christopher Lewis
Wednesday, May 31, 2023 4:30 AM EDT
The West Texas Intermediate market exhibited a volatile trading session, initially rallying before reversing and displaying erratic behavior. Traders will closely monitor the $70 level, a significant psychological threshold, for potential support.
In this article: BNO, USO
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Elliott Wave Technical Analysis: Bitcoin - Wednesday, May 31
Article By: Peter Mathers
Wednesday, May 31, 2023 3:47 AM EDT
Bitcoin has recovered well from the 25,874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25,874.30. The price is returning to an upward trend, and a five-wave rise will support this idea.
In this article: BITCOMP
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Intraday Analysis – Gold Remains Under Pressure
Article By: Orbex
Wednesday, May 31, 2023 3:30 AM EDT
The Swiss franc recouped some losses after a lift in the Q1 GDP. As the pair grinds its way up from 0.8830 near January 2021’s lows, a bullish MA cross on the daily chart is a sign of stabilization.
In this article: XAU Also: FXA, FXF
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Daily Technical Analysis Of GBPUSD – Tuesday, May 30
Article By: AAATrade
Tuesday, May 30, 2023 9:40 AM EDT
Looking at GBPUSD’s chart, we can see that the FX pair has been in a downtrend in the past month, and it is currently traded at the rate of around $1.2336.
In this article: FXB, UUP
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Elliott Wave Technical Analysis: DexCom Inc. - Tuesday, May 30
Article By: Peter Mathers
Tuesday, May 30, 2023 7:37 AM EDT
Looking for longs without breaking wave E, otherwise, the whole count is compromised and we could be facing more downside.  
In this article: DXCM
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EURUSD Final Minor ABC Zigzag Underway
Article By: Orbex
Tuesday, May 30, 2023 6:45 AM EDT
For the EURUSD pair, we can see the formation of the correction IV inside the large impulse. Cycle wave IV most likely takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ.
In this article: FXE, UUP
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Two Trades To Watch: GBP/USD, Oil - Tuesday, May 30
Article By: Fiona Cincotta
Tuesday, May 30, 2023 6:15 AM EDT
GBP/USD falls amid debt ceiling jitters & ahead of US consumer confidence data. Oil weighs up debt ceiling news & economic growth concerns.
In this article: FXB, OIL, UUP
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Technical Analysis Of Golar LNG Limited
Article By: AAATrade
Tuesday, May 30, 2023 5:45 AM EDT
Looking at the GLNG’S chart, we can see that the stock has been traded in the range of around $20-24 in the current year, and it was lastly traded at around $22.37.
In this article: GLNG
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USOIL Intermediate Correction Begins Bearish Impulse
Article By: Orbex
Monday, May 29, 2023 8:30 AM EDT
The formation of a large bearish trend continues, taking the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
In this article: OIL, UCO
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Daily Technical Analysis Of EURUSD - Monday, May 29
Article By: AAATrade
Monday, May 29, 2023 8:15 AM EDT
Looking at EURUSD’s chart, we can see that today the FX pair is in a downtrend, and it is currently traded 20 pips above its support level, at the rate of $1.0730.
In this article: FXE, UUP
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Gold Forecast: Market Faces Hesitation With Bond Market And US Dollar Strength
Article By: Christopher Lewis
Monday, May 29, 2023 6:50 AM EDT
While the negative correlation between the US dollar and gold seemed to diminish, it is now making a full comeback. Still, Gold's traditional role as a wealth preservation asset remains compelling for many investors.
In this article: XAU Also: GLD
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