Neowaveanalysis
USDCAD ANALYSIS AND ELIOTT WAVEUSDCAD ANALYSIS AND ELIOTT WAVE MOVE TO TARGET
Personal consumption expenditures (PCE) are the primary measure of consumer spending on goods and services in the US economy. 1 It accounts for about two-thirds of marginal domestic expenditure and is therefore the main engine of future economic growth. PCE shows how much of the income earned by households is spent on current consumption versus how much is saved for future consumption. PCE also provides a comprehensive measure of the types of goods and services purchased by households. Thus, for example, it represents the portion of spending accounted for by discretionary items, such as motor vehicles, or adjustments that consumers make to price changes, such as a sharp increase in the price of gasoline.
Fantom is Bullish in short-TermIt seems that the Fantom (FTMUSDT) is ready to start an upward rally in the short term. Target is around 0.7000 and Stoploss is 0.3000 Level.
JOE, with TP 1.111JOE has agreed on a price target range of 1.07-1.11 based on three major-to-minor trends.
Note: Observe that an interesting accumulation pattern and the liquidity line at 0.28
after JOE has completed its downtrend correction, as shown in the graph
Please be careful of the long upper/lower shadows behavior from JOE.
Trade safely!
RPL, the atlas upgrade, what's next?First, I have explained the reason for the current price decline after the upgrade.
Assume that the minor correction is now complete.
Based on the graph
there is a high probability that the price will drop back down to 44-45.
Please also be aware of liquidity behavior.
Have a good day!
2023-03-23 EU looking for pull back and long againThe euro currently seems to be in the B-wave of the daily rebound, and it is not yet the end. A better long point is the 50% pullback, which is just close to the daily turning line and baseline, and is also supported by the intensive trading volume area . Continue to wait patiently for the pullback to appear.
2023-03-22 EU intraday looking for chance to go long dailyThe Federal Reserve will discuss interest rates in the early hours of tomorrow, and it is expected that there will be large fluctuations. Everyone should be careful.
The euro is still the view of the previous weekend's unwinding. The key pivot area is around 1.066, which is also the POC in March. From the details of the day, the 50% retracement is at 1.065, and the trading volume at this position is relatively small. If the retracement reaches here, then you can pay attention to whether there is support. If you meet the conditions, you can continue to do more. If it falls below 1.06, the euro bulls will be in danger. . Before that, we still maintain the bullish idea of the euro daily line.
2023-03-20 EURUSD daily and weekly ideaThe good news of last Friday has already come out, so unless the Federal Reserve on the 24th is more dovish, it will be difficult for the market to continue to rise, at least there will not be too much room for growth. I see more foreign exchange, and the euro is a relatively obvious daily rebound. After the news of the Fed hits the ground, it is very likely that there will be another weekly correction. Especially the weekly support around 1.036
Of course, from a good point of view, the euro's weekly gains have already shown that the monthly rebound is about to start, but it is necessary to wait patiently for the timing and point of callback.
Personally, I prefer to observe the specific trend after the Fed's interest rate meeting, and avoid the sharp roller coaster that appeared during Powell's speech.