Global market

The Global Market category provides insights, analysis, and updates on the economic and financial trends that impact international markets. From the latest news on emerging markets to trends in international trade and investments, this category covers it all. Stay up-to-date with the latest developments and get the information you need to make informed decisions in the global market.

MSFT: Bears Have Taken Control Over Bulls

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MSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).

Traders can expect the following targets: 289 – 272 – 265 for wave (c). Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.

An uptrend is only possible after the breakout of the parallel channel.
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EURCAD: Bullish Scenario is Active!

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EURCAD is forming a downtrend channel.
Price is establishing a final sub-wave 5 of wave (5).

In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 – 1.42520 – 1.41652- 1.41156.
Price reached all the targets of wave (5).

Click Here to Read previous article.

Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel.

After making wave (5), if the price breaks the B channel, it can go for 1.4377 – 1.4466 – 1.4569 – 1.4645+. And Price will start a new 5-wave impulse structure. Invalidation is available for premium subscribers.

Please note that without a breakout, trend changes may not be possible.

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Is Silver(XAGUSD) Ready For Trend Change?

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free forex currency xagusd silver chart calls

Silver(XAGUSD) has formed a downtrend channel for more than 48 weeks. Price has made a high of 30.03, and sellers entered the market.

Price Action Perspective:

Price has made a series of Lower Highs and Lower Lows, and the control line gives nine touches.

According to Dow theory, if the price breaks the previous LL, it will make a new LL. The upper band & lower band has provided strong reversals to the price.

After breaking the LL, if the price gives a breakout of the downtrend channel, it indicates the worst fundamentals. And if the price gets reversed to create the lower band of the downtrend channel, the price will march to the upper band touch.

Elliott Perspective:

Price has constituted a corrective structure, where price has completed double zigzag(w-x-y).

It will create the last leg wave Z in order to complete the Triple correction. After making the last leg Z, silver will start a five-wave impulsive wave.

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Will Gold (XAUUSD) Reach $2050 Before December 2022?

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XAUUSD is forming a triangle on the wave ((4)).

This correction has taken more than 17 months, but the triangle is not over yet. Price has completed wave D of the 4th wave triangle, and wave E of wave A is in progress.

After completing the wave sub-wave A, the price will start wave B & then wave C.

The ending point of wave E is the starting point of the impulsive cycle.

Calculation of wave E:

Wave E can end 100% of wave sub-wave A at 1726.

Wave E can end near previous sub-wave B at 1719

Wave E can end at 100% of wave D at 1704.

Traders can wait for the breakout of the B-D trend line. Note that if the price doesn’t break the B-D channel, sideways will be continued.

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Gold Price 2021 Roadmap – EWT

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The Gold spot started the bearish Elliott wave on the daily timeframe. Right now, it’s making the 5th wave. It has to cross 1824 – 1800 – 1776 to complete the fifth wave. The fifth wave will complete around 1690.

If there will be the upside breakout of wave 4, then it’s a failure of the Elliott wave pattern. And the target for the uptrend will be as following 1980 – 2000.

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COVID-19 impact on the Indian financial markets, and precautions.

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Coronavirus disease (COVID-19)All sectors of Indian financial markets are getting impacted by COVID-19. The total number of 123 countries are affected by a coronavirus. 1.32L+ confirmed cases and 4.9+ thousand people’s deaths reported by this virus.
Data source: WHO (World Health Organization) & National Health Commission of the People’s Republic of China

Not only the Indian market, all over countries’ financial markets fear over this virus. It foothold is everywhere. But it will impact on a particular sector only. Many stocks & commodities will hit the bottom level. Isn’t it a new opportunity for smart traders? Don’t get scared. Don’t divert stocks from a portfolio without in-depth research. Fluctuation is temporary. It’s time for a new buying opportunity.

Hint: oil and manufacturing
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Coronavirus disease (COVID-19) Help and Information

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