ASIAN PAINTS – ASIAN PAINTS (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend Lower (Minor Degree Grey)Mode: CorrectiveStructure: Flat (3-3-5)Position: Minor Wave CDetails: A Minor degree corrective wave A-B-C is unfolding against 3410 with A and B in place already. High probable count suggests Minute Wave C is now complete or near to completion. Minute Wave ((v)) within C could be unfolding towards 2000-2200 levels now. A push through 2370 invalidates.Invalidation point: 2370(Click on image to enlarge)ASIAN PAINTS INDEX Daily Chart Technical Analysis and potential Elliott Wave Counts:ASIAN PAINTS daily chart is indicating a corrective wave nearly complete at Minor degree (A-B-C) after the stock turned lower from 3270 high in July 2023. The stock is seen to be bouncing off 2200 lows and need to break above 2370 to confirm.If the slide continues from here, the stock could find support around 2000 levels going forward. Earlier, Minor Wave A and B sub divided as combinations, terminating around 2675 and 3390 levels respectively. Further, Wave C has unfolded as an impulse with third wave being extended.ASIAN PAINTS – ASIAN PAINTS (4H Chart) Elliott Wave Technical AnalysisFunction: Counter Trend Lower (Minor Degree Grey)Mode: CorrectiveStructure: Flat (3-3-5)Position: Minor Wave CDetails: A Minor degree corrective wave A-B-C is unfolding against 3410 with A and B in place already. High probable count suggests Minute Wave C is now complete or near to completion. Minute Wave ((v)) within C could be unfolding towards 2000-2200 levels now. A push through 2370 invalidates.Invalidation point: 2370(Click on image to enlarge)ASIAN PAINTS 4H Chart Technical Analysis […]

It seems we were right when This morning, with a few short hours until Trump’s swearing in, that Trump is planning to issue a broad memorandum Monday that directs federal agencies to study trade policies and evaluate U.S. trade relationships with China and America’s continental neighbors – but stops short of imposing new tariffs on his first day in office, as many trading partners feared.reviewed a summary of the memo and spoke to Trump’s advisers about it.A senior Trump policy adviser described the memo as an effort to lay out a vision for Trump’s trade agenda “in a measured way,” suggesting that the incoming president is, at least for now, taking a more deliberative approach to the issue that animated his political campaign.The memo provides a blueprint for further executive action that Trump may take on trade, the adviser said.The immediate reaction was a collapse in the dollar…And a spike higher in S&P futs…Additionally, the memo directs economic agencies to focus on a few specific trade themes, such as reducing persistent trade deficits – countries that consistently export more to the U.S. than they import from it. And it directs a focus on currency manipulation, which Trump singled out China and Vietnam for during his first term, as well as combating counterfeit products.Finally, the memo asks agencies to evaluate the feasibility of an “External Revenue Service” – a new federal agency Trump has floated to collect tariff revenue. Exactly how that agency would differ from U.S. Customs and Border Protection, which has held that responsibility for decades, hasn’t been spelled out.S&P […]

The surge in Donald Trump’s newly created meme coin, coupled with bitcoin reaching record highs, underscores both the dynamism and volatility of the digital asset market. The launch of the so-called Trump token at a nearly $12 billion market capitalization highlights how political figures can leverage brand awareness and public visibility to attract significant capital inflows almost overnight.Despite the eye-popping figures and the enthusiasm from retail traders, this abrupt rally inevitably raises concerns about market stability and potential regulatory scrutiny. The large trading volume, in particular, points to heightened speculative interest that may not be grounded in fundamental value, echoing broader debates about meme coins and their place within the crypto ecosystem.The involvement of prominent public figures—both Donald Trump and Melania Trump—represents a novel intersection of politics, celebrity culture, and decentralized finance (DeFi). This could draw new participants to crypto markets and foster mainstream acceptance of digital assets. However, it may blurs lines between governance, profit-seeking, and influence-building in ways that traditional financial institutions and regulators may find troubling.The fact that 80% of $TRUMP tokens are reportedly controlled by The Trump Organization affiliate and another related entity underscores questions about ownership concentration, potential conflicts of interest, and overall transparency. Additionally, the specter of meme-driven enthusiasm carries the risk that over-leveraged retail participants could be exposed to abrupt price reversals.From a policy standpoint, the incoming administration’s promise to enact pro-crypto measures fuels optimism around relaxed regulations and broader adoption, as evidenced by bitcoin’s continued rally. Yet there is a clear tension between […]

The AUD/USD pair soars to near 0.6260 in Monday’s North American session. The Aussie pair rallies as the US Dollar (USD) plunges on a thin-trading volume day, with  (US) markets remaining closed on account of Martin Luther King’s Birthday.The US  (DXY), which tracks the Greenback’s value against six major currencies, dives to near 108.30 as reports from the Wall Street Journal (WSJ) shows President-elect Donald Trump is planning to issue a broad memorandum that directs federal agencies to study trade policies and evaluate US trade relationships with China and America’s continental neighbors—but stops short of imposing new tariffs on the first day of his office.The Greenback faces pressure as its safe-haven demand diminishes, given that market participants were anticipating that Trump would impose higher tariffs soon after returning to the White House.Earlier, a report from Fox  Digital showed that Trump would sign over 200 orders in his first day of office that might include policies such as immigration controls, lower tax cuts, and higher tariffs. Market experts believe that Trump’s economic policies would be pro-growth and inflationary for the US.Still, the event will force the  (Fed) to keep interest rates at their current levels for longer.Currently, traders are pricing in more than one interest rate cut from the Fed this year, seeing the first in June, according to the CME FedWatch tool.Meanwhile, the Australian Dollar (AUD) exhibits a mixed performance after the People’s Bank of China (PBoC) monetary policy decision. The PBoC kept its one-year Loan Prime Rate (LPR) unchanged at 3.10%, while the five-year LPR remains at 3.60%.Since China and Australia […]

AMZN Elliott Wave Analysis Trading Lounge DailyAmazon Inc., (AMZN) Daily ChartAMZN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3DIRECTION: Upside within wave 3.DETAILS: We are looking at further upside into wave 3 as we seem to have complete wave {!}-{ii} at around TradingLevel2 at 200$ and we are now continuing higher in what should be Minute wave {iii}.(Click on image to enlarge)Amazon Inc., (AMZN) 1H ChartAMZN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave i of (iii)DIRECTION: Upside into wave (iii).DETAILS: Looking for continuation higher at 220$ to have additional confirmation of upside resumption as we seem to have a clear three wave move subdivision in wave (ii).(Click on image to enlarge)This Elliott Wave analysis for Amazon.com Inc., (AMZN) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory to anticipate potential future movements.* AMZN Elliott Wave Technical Analysis – Daily Chart*We anticipate further upside movement within Minor wave 3. After completing waves {!}-{ii} around TradingLevel2 at $200, we are now progressing higher in what should be Minute wave {iii}, continuing the uptrend. The structure remains strong, indicating further bullish momentum as wave 3 unfolds.* AMZN Elliott Wave Technical Analysis – 1H Chart*We are looking for continued upward movement towards $220, which would provide additional confirmation of the uptrend resumption. The wave (ii) subdivision shows a clear three-wave move, and breaking above $220 will further solidify the bullish outlook.

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.0299 Prev. Close: 1.0269 % chg. over the last day: -0.29 % The dollar weakened against major currencies on Monday as traders prepared for a series of policy announcements following Donald Trump’s inauguration. Markets are focused on his plans to raise tariffs, tighten immigration, cut taxes and increase deregulation, which are expected to have an inflationary impact. However, trading volumes are expected to remain low throughout the session as US markets are closed due to the Martin Luther King Jr. holiday. Trading recommendations Support levels: 1.0265, 1.0238, 1.0223 Resistance levels: 1.0326, 1.0360, 1.0382, 1.0403, 1.0425, 1.0447 The EUR/USD currency pair’s hourly trend is bearish, but close to change. Since Thursday of last week, the price has been forming a flat accumulation with the boundaries of 1.0265–1.0326. Liquidity is accumulating both inside the range and outside the range boundaries. All this may lead to a sharp impulsive move. On Friday, the price tested liquidity above the accumulation, which increases the probability of price decline in order to distribute new liquidity. Intraday, it is better to focus on selling from the upper boundary of the range. Buying should be considered only after a test of 1.0265 or after a breakout of 1.0326.Alternative scenario:if the price breaks the resistance level of 1.0360 and consolidates above it, the uptrend will likely resume.(Click on image to enlarge) The GBP/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.2236 Prev. Close: 1.2167 % chg. over the […]