ASX200 Nifty 50 Hang Seng HSI Technical Analysis [Video]

Peter Mathers TradingLounge

ASX200 Nifty 50 Hang Seng HSI Technical Analysis Elliott Wave and Trading Levels

ASX200 Elliott Wave: Wave c of (iv) corrective rally to 6420 area then Wave (v) lower

TradingLevels: Corrective pattern across 6400 then lower. The move up above 6400 will be in SG1 6410|6420|6430 Not expecting support on top of SG1 6430

Day Trading Strategy: A move to 6421 then a move to 6350

Peter Mathers - tradinglounge.com

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

EUR/USD climbs to daily highs on US CPI

EUR/USD now accelerates it rebound and flirts with the 1.1880 zone on Friday, or daily highs, all in response to renewed selling pressure on the US Dollar. In the meantime, US inflation figures showed the headline CPI rose less than expected in January, removing some tailwinds from the Greenback’s momentum.

GBP/USD clings to gains above 1.3600

GBP/USD reverses three consecutive daily pullbacks on Friday, hovering around the low-1.3600s on the back of the vacillating performance of the Greenback in the wake of the release of US CPI prints in January. Earlier in the day, the BoE’s Pill suggested that UK inflation could settle around 2.5%, above the bank’s goal.

Gold: Upside remains capped by $5,000

Gold is reclaiming part of the ground lost on Wednesday’s marked retracement, as bargain-hunters seem to have stepped in. The precious metal’s upside, however, appears limited amid the slightly better tone in the US Dollar after US inflation data saw the CPI rise less than estimated at the beginning of the year.