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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Free nasdaq stock msft chart calls

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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Free forex currency eurcad chart calls

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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