BTCUSD Elliott Wave : Forecasting the Decline Toward New Lows

Key Highlights USD/JPY started a strong increase above the 145.00 resistance. A key bullish trend line is forming with support at 146.90 on the 4-hour chart. EUR/USD declined further and traded below the 1.0880 support. Gold prices trimmed gains and revisited the $2,000 support zone. USD/JPY Technical Analysis The US Dollar started a fresh increase […]

Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the fastest pace since early 2023, although it’s about […]

New Zealand’s core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first interest rate cut in H1 2025. A dovish hold by RBNZ may reinforce the continuation of the AUD/NZD medium-term bullish trend with key support at […]