ASX 200 Index CBA,  ANZ, BHP, RIO & FMG Technical Analysis Elliott Wave Trading Strategies.

ASX200 Overview:ASX200 Elliott Wave Triangle pattern  Wave a) of D of (4). Bringing the ASX200 wave count in line with CBA and the US Indices.

ASX 200 Index Overview: Bullish Corrective pattern Wave (4).
ASX200 Elliott Wave Wave a) of D of (4).
ASX200 Trading Strategy: Neutral.

Australian ASX Stocks Elliott Wave Analysis.
CBA: Elliott Wave a) of B of (2)/(4).
ANZ: Elliott Wave iv).
BHP FMG RIO Risk On.

Video Chapters:
00:00 ASX200.
03:23 Banks Stocks CBA  ANZ.
09:15 Resource stocks BHP FMG RIO.
17:38  AUDUSD .
18:05 Thanks for watching TradingLounge Analysis.

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Editors’ Picks

EUR/USD struggles to rebound, holds near 1.1150 after US data

EUR/USD trades around 1.1150 in the early American session on Friday as investors assess the latest inflation data from the US. According to the US Bureau of Economic Analysis, Core PCE Price Index rose to 4.9% on a yearly basis in December from 4.7% in November, surpassing the market expectation of 4.8%. 

EUR/USD News

GBP/USD clings to small gains above 1.3400 on mixed US data

GBP/USD posts modest daily gains slightly above 1.3400 on Friday as the dollar rally loses steam. The data from the US showed that the core PCE inflation edged higher to 4.9% in December. On a negative note, Personal Spending contracted by 0.6% on a monthly basis.

GBP/USD News

Gold recovers modestly after US data, stays below $1,800

Gold managed to stage a rebound from the multi-week low it set below $1,780 but continues to trade deep in the red near $1,790. The benchmark 10-year US Treasury bond yield is rising more than 1% on the day after US data, limiting XAU/USD's recovery.

Gold News

Bitcoin Weekly Forecast: Federal Reserve cannot tame BTC’s uptrend

Bitcoin has experienced some significant losses over the past few weeks, with a more dramatic drop occurring this week after the Fed's decision was announced. As losses have extended and BTC has entered into the $30,000 zone, concerns regarding Bitcoin being in a bear market have increased.

Read more

Apple share price set to rise after another record quarter

With the Nasdaq closing at its lowest level in seven months yesterday, the Apple share price has also found itself on the end of the recent weakness in tech shares, down over 12% from its record highs in early January.

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